8-K: Brixmor and Everview to acquire Slate Grocery REIT for $2.34 billion

Brixmor will acquire 23 grocery-anchored shopping centers totaling approximately three million square feet for $636 million, while a joint venture with Everview Partners will acquire 92 centers for $1.71 billion. The Brixmor portfolio is approximately 96% leased and located within its existing footprint across Florida, Georgia, and the Carolinas. Brixmor will hold a 20% common equity interest in the joint venture, serve as asset manager, property manager, and leasing representative, and make a preferred equity investment of approximately $174 million. The transaction is expected to provide immediate earnings accretion to Brixmor.

Brixmor will acquire 23 grocery-anchored shopping centers totaling approximately three million square feet for $636 million, while a joint venture with Everview Partners will acquire 92 centers for $1