Slate Grocery REIT To Be Acquired in $2.3 Billion Cash Transaction

10:55 AM EDT, 09/28/2026 (MT Newswires) -- Slate Grocery REIT (SGR-UN.TO) up 65% on last look, said Monday that it will be acquired in a $2.3 billion all-cash transaction. The REIT will be acquired for $13 per unit in cash, a 20% premium to the Sept. 23 closing price, which was the last trading day before Slate said it was suspending distributions. Slate Grocery, which owns US grocery-anchored real estate is being acquired by a joint venture between Brixmor Property Group and Everview Partners, a statement said. The transaction is expected to close in the first quarter of next year. "Following a comprehensive strategic review process, including a competitive auction process, the Special Committee unanimously concluded that this transaction represents the best available outcome for the REIT and its unitholders," said Marc Rouleau, chair of the REIT's special committee. "The transaction provides unitholders with immediate liquidity and certainty of value at an attractive all-cash price, and is the culmination of a competitive process focused on maximizing value for all unitholders. This outcome reflects strong institutional conviction in grocery-anchored real estate." Slate Grocery REIT units were last seen up 65% at CA$17.71 on the Toronto Stock Exchange. Price: 17.70, Change: +6.95, Percent Change: +64.65