AcquisitionSep 28, 2026Pending
🇨🇦 Canada
SGSlate Grocery REITBPBrixmor Property Group Inc. and Everview Partners
Real Estate › REITs
Enterprise value$2.34BEnterprise value
AnnouncedSep 28, 2026
ConsiderationUndisclosed
StructureOther
RegionNorth America
Cross-borderYes
Contingent paymentNo
Overview
Brixmor Property Group Inc. and Everview Partners agreed to acquire Slate Grocery REIT in a transaction valued at $2.34 billion, with Brixmor acquiring 23 grocery-anchored shopping centers for $636 million and a Brixmor-Everview joint venture acquiring 92 centers for $1.71 billion.
Deal rationale
The transaction adds grocery-anchored centers in Brixmor's existing markets, is expected to be immediately accretive to FFO, and leverages Brixmor's operating platform and joint venture structure.
AI-generated from the SEC filingPendingReal Estate › REITsCanadaNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $2.34B | Headline figure |
| Consideration | Undisclosed |
Advisors
Buy-side
RCRBC Capital MarketsWFWells Fargo
Sell-side
None listed
Parties
Target
SGSlate Grocery REIT
- Headquarters
- Canada
- Ticker
- —
Acquirer
BPBrixmor Property Group Inc. and Everview Partners
- Headquarters
- United States
- Ticker
- —