Profile: Equity One Inc (EQY)
29 Jul 2016
Equity One, Inc., incorporated on June 15, 1992, is a real estate investment trust (REIT). The Company owns, manages, acquires, develops and redevelops shopping centers and retail properties located in supply constrained suburban and urban communities. The Company's property portfolio includes 90-30 Metropolitan, 1175 Third Avenue, Aventura Square, Circle Center West, Culver Center, Bird Ludlum, Greenwood, Pavilion, Sheridan Plaza, Shoppes of Silverlakes, Westport Plaza, Alafaya Village, Ryanwood, Town & Country, Plaza Escuela, Potrero, Copps Hill, Southbury Green, Clocktower Plaza, Buckhead Station, Hampton Oaks, Quincy Star Market, Elmwood Oaks, Westwood Towers, Centre Pointe Plaza and Willows Shopping Center. These properties are located in Florida, California, Connecticut, New York, Georgia, Massachusetts, Louisiana, Maryland and North Carolina.
The Company's portfolio comprises approximately 130 properties, including over 100 retail properties and five non-retail properties totaling approximately 12.6 million square feet of gross leasable area (GLA), over 10 development or redevelopment properties with approximately 2.8 million square feet of GLA and six land parcels. Its retail occupancy excluding developments and redevelopments is approximately 96.0% and included national, regional and local tenants. In addition, it has joint venture interests in approximately six retail properties and two office buildings totaling approximately 1.4 million square feet of GLA. All of its properties are owned in fee simple other than McAlpin Square located in Savannah, Georgia; Plaza Acadienne located in Eunice, Louisiana, and Darinor Plaza located in Norwalk, Connecticut, each of which is subject to a ground lease in favor of a third-party lessor. A small number of its other shopping centers include outparcels or portions of the center that are subject to ground leases.
The Company defines anchor tenants as tenants occupying a space consisting of approximately 10,000 square feet or more of GLA. The categories under the anchor tenants include supermarket anchor tenants, other anchor tenants and non-anchor tenants. The Company's tenants in its shopping center portfolio, including those properties under development or redevelopment include Albertsons/Shaw's/Star Market/Safeway/Vons; Publix; L.A. Fitness; Bed Bath & Beyond/Cost Plus World Market; TJ Maxx/Homegoods/Marshalls; Stop & Shop; Barney's New York; CVS Pharmacy; The Gap/Old Navy and Sports Authority. The Company's subsidiaries include DIM Vastgoed, N.V. and C&C (US) No. 1, Inc.
Equity One Inc
1600 NE Miami Gardens Dr
NORTH MIAMI BEACH FL 33179-4900