Slate Grocery REIT to Be Acquired in Deal Valued at US$2.3 Billion
The all-cash deal gives unitholders immediate liquidity and a 13% premium to the pre-review share price, the companies said.
- On Monday, September 28, 2026, Slate Grocery REIT announced an agreement to be acquired by a joint venture between Brixmor Property Group Inc. and Everview Partners, valuing the trust at approximately US$2.3 billion.
- The sale follows a comprehensive strategic review process launched on May 22, 2026, after the Board of Trustees established a special committee to evaluate unsolicited proposals from Slate Asset Management.
- Brixmor and Everview will pay US$13.00 in cash per unit, representing a premium of approximately 13% over the May 21, 2026, closing price and approximately 20% over the September 23, 2026, closing price.
- Upon closing in the first quarter of 2027, the REIT will become a private entity and delist from the Toronto Stock Exchange, while Slate Asset Management's Management Agreement will terminate for a US$50 million payment.
- Unitholders must approve the arrangement by a 66 2/3% vote to finalize the deal; following completion, Slate Asset Management plans to redeploy capital into grocery-anchored real estate in North America and grow its European grocery platform.
23 Articles
23 Articles
Slate Grocery REIT Enters into Definitive Agreement to be Acquired by Brixmor and Everview Partners in a US$2.3 Billion Transaction for US$13.00 per Unit in Cash
Transaction Highlights All-cash transaction of US$13.00 per Unit, representing a total enterprise value of approximately US$2.3 billion, provides immediate liquidity and certainty of value to Unitholders US$13.00 in cash per Unit represents a premium of approximately 13% to the closing price of the Units on May 21, 2026, the last trading day prior to the […]
Winnipeg Free Press
Slate Grocery REIT to be acquired in deal valued at US$2.3 billion
TORONTO - Slate Grocery REIT has signed a deal to be acquired by Brixmor Property Group Inc. and Everview Partners in an agreement that values the trust at US$2.3 billion.
A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) participates as a strategic investor in the acquisition of Slate Grocery REIT, in a $2.34 billion valued transaction. The acquisition is led by the American Brixmor Property Group and the investment company Everview Partners. The amount committed by ADIA has not been disclosed. [...] Article 2.34 billion dollars: ADIA enters into the acquisition of 115 malls in the United Sta…
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