Slate Grocery REIT agrees to US$13 per-unit buyout by Brixmor-Everview venture
Bitget2026/09/28 11:38- Brixmor, Everview Partners to buy Slate Grocery REIT for USD 13 per unit in cash, valuing the deal at about USD 2.3 billion.
- Closing targeted for Q1 2027; deal includes a USD 0.002482 per-unit daily tick-up if closing occurs after Jan. 20, 2027.
- Slate Asset Management to receive a fixed USD 50 million payment to terminate the external management agreement at closing.
- Purchaser to acquire NA Essential’s joint-venture interests for about USD 187.5 million, effective at closing.
- Units to be delisted from the TSX after completion; no distributions planned for October 2026 through closing.
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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