Brixmor, Everview Partners agree to buy Slate Grocery REIT for $2.34 billion

Bitget2026/09/28 11:02

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Brixmor is buying Slate Grocery REIT in a deal valued at USD 2.34 billion with partner Everview Partners.
Brixmor will acquire 23 grocery-anchored shopping centers for USD 636 million, totaling about 3 million square feet.
A Brixmor-Everview joint venture will acquire the remaining 92 centers for USD 1.71 billion, totaling about 12 million square feet.
Brixmor will own 20% of the joint venture’s common equity, invest about USD 174 million of preferred equity, earning a 9% dividend.
Closing is expected in the first quarter of 2027, subject to Slate unitholder approval and customary closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brixmor Property Group Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609280700PR_NEWS_USPR_____NY57670) on September 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Brixmor, Everview Partners agree to buy Slate Grocery REIT for $2.34 billion

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