$BRX (BRIXMOR PROPERTY GROUP) — 8-K: Brixmor and Everview to Acquire Slate Grocery REIT for $2.34 Billion

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

Brixmor will acquire 23 grocery-anchored shopping centers for $636 million, approximately three million square feet and 96% leased, located within its existing footprint across Florida, Georgia, and t