Mergers & Acquisitions
Slate Grocery REIT Wins Court Order for November 25 Vote on EP/BRX Holdings Buyout
By News Desk ·
Key takeaways
- Slate Grocery REIT obtained an interim order from the Ontario Superior Court of Justice on October 22, 2026, authorizing a special meeting for November 25, 2026.
- EP/BRX Holdings LLC, a joint venture between a Brixmor Property Group affiliate and Everview Partners affiliates, is the purchaser under an arrangement agreement dated September 27, 2026.
- Completion is expected in the first quarter of 2027, subject to unitholder approvals, a final court order and approval under the Investment Canada Act.
Slate Grocery REIT has obtained an interim order from the Ontario Superior Court of Justice (Commercial List) for a special meeting on November 25, 2026, where unitholders will vote on the REIT's acquisition by EP/BRX Holdings LLC. Business Wire published the announcement. The purchaser is a joint venture between an affiliate of Brixmor Property Group Inc. and affiliates of Everview Partners, L.P.
Slate Grocery REIT's Arrangement With EP/BRX Holdings
The interim order, granted on October 22, 2026, authorizes the calling and holding of the virtual-only meeting at 11:00 a.m. Eastern time. Unitholders of record at the close of business on October 20, 2026 will receive notice of and may vote at the meeting. The arrangement agreement among the REIT, the purchaser and 1001700324 Ontario Inc. is dated September 27, 2026, and the REIT announced the arrangement on September 28, 2026.
Slate Grocery REIT expects to file its management information circular and related meeting materials on SEDAR+ on November 2, 2026, and to mail those materials to unitholders on or about the same date. The circular will set out details of the arrangement, the matters to be considered at the meeting and the procedures for participating in and voting at the meeting. The materials will be available under the REIT's profile on SEDAR+ and on its website at slategroceryreit.com.
Completion remains subject to approval by at least two-thirds of the votes cast by unitholders voting together as a single class, the applicable minority approval under MI 61-101, receipt of the final order of the Court, receipt of the required approval under the Investment Canada Act, and the satisfaction or waiver of the other closing conditions in the arrangement agreement. The arrangement is expected to be completed in the first quarter of 2027.
Slate Grocery REIT's Portfolio and Strategic Review
According to akta.pro company records, Slate Grocery REIT owns 115 properties totaling 15.2 million square feet across 23 U.S. states, and its portfolio was valued at approximately $2.38 billion as of Q4 2025. The same records show the REIT received an unsolicited takeover proposal in May 2026 from affiliates of external manager Slate Asset Management, prompting the board's special committee to evaluate strategic alternatives including a potential sale. In February 2026 the REIT acquired the remaining minority interest in a 10-asset joint venture for $5.7 million, bringing ownership to 100%.
Slate Grocery REIT's Path to the Buyout Vote
On September 28, 2026, Brixmor Property Group and Everview Partners agreed to acquire Slate Grocery REIT for $2.34 billion, with Brixmor taking 23 grocery-anchored centers for $636 million and a joint venture taking 92 for $1.71 billion, Stock Titan reported. On September 24, 2026, the REIT's board approved suspending monthly cash distributions pending the outcome of its Special Committee's strategic review, a decision FinancialContent Business Page said was not driven by a change in fundamentals.
Slate Grocery REIT's November Circular Filing
The REIT expects to file the circular and related meeting materials on SEDAR+ on November 2, 2026, and to mail them to unitholders on or about that date.