Slate Grocery REIT, an owner and operator of U.S. grocery-anchored real estate, announced that it has entered into a definitive arrangement agreement (the arrangement agreement) with a joint venture (the purchaser) between Brixmor Property Group and affiliates of Everview Partners, pursuant to which the purchaser will acquire all of the issued and outstanding trust units of the REIT (the units and the holders thereof, the unitholders) for $13.00 in cash per unit (the consideration), representing a total enterprise value of approximately $2.3 billion (the transaction).
The all-cash transaction provides unitholders with immediate liquidity and certainty of value at an attractive premium. The consideration represents a premium of approximately 13 percent to the closing price of the Units on May 21, 2026, the last trading day prior to the public announcement of the strategic review process, and a premium of approximately 20 percent to the closing price of the Units on Sept. 23, 2
