Brixmor, Everview to Acquire Slate Grocery REIT for $2.34 Billion
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
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On the RET wire
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Computed from Real Estate Trail’s own tracked coverage
Brixmor Property Group Inc. and Everview Partners said Monday they have entered into definitive agreements to acquire Toronto-based Slate Grocery REIT in a transaction valued at $2.34 billion. Under the terms of the t…
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