Brixmor Property, Everview Partners to Acquire Slate Grocery REIT in $2.34 Billion Deal

07:31 AM EDT, 09/28/2026 (MT Newswires) -- Brixmor Property Group (BRX) and Everview Partners said Monday they have signed definitive agreements to acquire Slate Grocery REIT in a deal valued at $2.34 billion. Brixmor will purchase a portfolio of 23 grocery-anchored shopping centers, spanning roughly three million square feet, for $636 million, the companies said. A newly formed joint venture between Brixmor and Everview Partners' affiliates will buy Slate Grocery REIT's remaining 92 shopping centers, spanning about 12 million square feet, for $1.71 billion, the companies said. Brixmor will serve as asset manager and hold a 20% stake in the joint venture, and Everview will hold the remaining equity in these assets, according to a statement. A unit of Abu Dhabi Investment Authority will serve as a strategic investor alongside Everview in the transaction, the companies said. The deal is anticipated to close in Q1 of 2027 and expected to be immediately accretive to Brixmor's Nareit funds from operations per share, the companies added.