Brixmor, Everview JV to Acquire Slate Grocery REIT for $2.3 Billion Cash

Slate Grocery REIT (SGR-UN.TO) agreed Monday to be acquired by a joint venture between Brixmor Property Group Inc. (BRX) and affiliates of Everview Partners L.P. in an all-cash deal valued at $2.3 billion. The transaction would take the grocery-anchored real estate owner and operator private, removing its TSX-listed units from public trading. Terms of the agreement, including per-unit consideration and expected closing date, were not immediately detailed. Brixmor, a U.S. shopping center REIT, is expanding its grocery-anchored portfolio through the Everview partnership.