Brixmor, Everview Partners form joint venture to buy Slate Grocery REIT assets for $1.71 billion

Bitget2026/09/28 11:09

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Brixmor entered a strategic joint venture with Everview Partners to acquire Slate Grocery REIT in a USD 2.34 billion deal.
Brixmor will buy 23 grocery-anchored centers for USD 636 million, mostly in Florida, Georgia, and the Carolinas.
The joint venture will acquire 92 additional centers for USD 1.71 billion, with Brixmor holding 20% common equity.
Everview will hold 80% common equity; an ADIA subsidiary will invest alongside Everview in the transaction.
Brixmor will invest about USD 174 million of preferred equity in the joint venture, earning a 9% dividend.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-111144), 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 form joint venture to buy Slate Grocery REIT assets for $1.71 billion

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