TORONTO — Slate Grocery REIT has signed a deal to be acquired by Brixmor Property Group Inc. and Everview Partners in an agreement that values the trust at US$2.3 billion.
The purchase comes after Slate launched a review of strategic alternatives in May.
The Toronto-listed trust, which owns a portfolio of U.S. grocery store-anchored real estate properties, says the buyers have agreed to pay US$13 per unit in cash to take it private.
Marc Rouleau, chair of Slate’s special committee, says the deal provides unitholders with immediate liquidity and certainty of value at an attractive all-cash price.
Brixmor owns and operates a portfolio of open-air shopping centres in the U.S., while Everview Partners is a private investment management firm.
The deal, which requires unitholder approval, is expected to close in the first quarter of 2027.
This report by The Canadian Press was first published Sept. 28, 2026.
