Brixmor and Everview to acquire Slate Grocery REIT for $2.34 billion
BRX•Brixmor Property Group and Everview Partners will acquire Slate Grocery REIT for $2.34 billion. Brixmor will buy 23 grocery-anchored shopping centers for $636 million, while a joint venture will buy 92 centers for $1.71 billion; the deal is expected to be immediately accretive to Brixmor’s Nareit FFO per share.
1. Acquisition terms
Brixmor Property Group and Everview Partners will acquire Slate Grocery REIT for $2.34 billion. Brixmor will buy 23 grocery-anchored shopping centers for $636 million, and a Brixmor-Everview joint venture will buy 92 shopping centers for $1.71 billion.
2. Expected impact
Brixmor said the deal is expected to be immediately accretive to its Nareit FFO per share.
