Slate Grocery REIT to be acquired in deal valued at US$2.3 billion
Slate Grocery REIT has agreed to be acquired by Brixmor Property Group Inc. and Everview Partners in a transaction valued at US$2.3 billion. The trust, which owns U.S. grocery store-anchored real estate properties, will be taken private at an all-cash price of US$13 per unit. Slate launched a review of strategic alternatives in May, leading to this acquisition.
Brixmor specializes in open-air shopping centres, while Everview Partners is a private investment management firm. The deal, contingent on unitholder approval, is anticipated to close in the first quarter of 2027.
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