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 deal valued at US$2.3 billion. The purchase comes after Slate launched a review of strategic alternatives in May, and the trust owns a portfolio of U.S. grocery store-anchored real estate properties. The buyers have agreed to pay US$13 per unit in cash to take Slate private, providing unitholders with immediate liquidity and certainty of value at an attractive all-cash price. The deal requires unitholder approval and is expected to close in the first quarter of 2027.

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