ADIA Unit Invests in $2.34 Billion Buyout of Canada's Slate Grocery REIT

A subsidiary of the Abu Dhabi Investment Authority (ADIA) is investing alongside Everview Partners in the $2.34 billion acquisition of Canada's Slate Grocery REIT by U.S. firms Brixmor Property Group and Everview, reflecting continued Gulf sovereign appetite for defensive, income generating North American real estate. As part of the deal, Brixmor will acquire 23 grocery anchored shopping centers across the U.S. for $636 million, while a newly formed joint venture between Brixmor and Everview affiliates will acquire the remaining 92 assets for $1.71 billion.

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