Brixmor Operating Partnership LP Form 8-K — Sep 28, 2026
Form 8-KItems 1.01, 5.02, 7.01, 8.01, 9.01Filed Sep 28, 2026, 7:08 AM ET0001104659-26-111144Original filing
Brixmor Operating Partnership and Everview Partners formed a JV, EP/BRX Holdings LLC, that signed an Arrangement Agreement to acquire Slate Grocery REIT, a TSX-listed owner of U.S. grocery-anchored shopping centers, for $13.00 per unit plus a ticking fee. Brixmor will effectively take 23 grocery-anchored centers (3.26 million SF, mostly Southeast U.S. with Publix, Aldi, Kroger and other grocers) for $636 million, and take a 20% interest alongside Everview's 80% in the remaining 92-asset JV Portfolio acquired for $1.71 billion.
Key figures
- Debt Amount
- $988 million bridge term loan facility
- Deal Value Usd
- $2.35 billion total ($636M Brixmor Portfolio + $1.71B JV Portfolio)
- Interest Rate
- 9% preferential annual dividend on preferred equity investment
- Maturity Date
- March 27, 2027 outside date; 364-day bridge facility
- Unit price
- $13.00 per Slate unit plus ticking fee
- Jv equity split
- Brixmor 20% / Everview 80% of JV Portfolio
- Brixmor portfolio
- 23 grocery-anchored shopping centers, 3,257,000 SF GLA
- Jv portfolio assets
- 92
- Ticking fee per day
- approximately $150,000 per day after January 20, 2027
- Slate termination fee
- $31,428,225
- Cash equity contribution
- approximately $112 million
- Purchaser termination fee
- $62,856,450
- Manager termination payment
- $50 million
- Preferred equity investment
- $174 million
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