Slate Grocery REIT sale to Brixmor-Everview venture clears court step

Slate Grocery REIT, owner of U.S. grocery-anchored real estate, has obtained an interim order from the Ontario Superior Court of Justice for its proposed acquisition by EP/BRX Holdings LLC. The buyer is a joint venture between an affiliate of Brixmor Property Group and affiliates of Everview Partners. The REIT also released meeting and circular details for the vote.

Why it matters: The interim order moves the deal toward a unitholder vote, a key step before the TSX-listed REIT can be taken over.