Profile: Regency Centers Corp (REG)
31 Jul 2015
Regency Centers Corporation, incorporated on July 8, 1993, is a real estate investment trust (REIT) and the general partner of the Regency Centers, L.P. (operating partnership). The Company’s operating, investing and financing activities are performed through the Operating Partnership, its wholly owned subsidiaries and through its co-investment partnerships. The Company’s properties consist primarily of grocery-anchored shopping centers. As of December 31, 2014, the Company directly owned 202 Consolidated Properties located in 21 states representing 23.2 million square feet of gross leasable area (GLA). Through co-investment partnerships, it owns partial ownership interests in 120 Unconsolidated Properties located in 23 states and the District of Columbia representing 15.0 million square feet of GLA.
The Company earns revenues and generates cash flow by leasing space in its shopping centers to grocery stores, retail anchors, restaurants, side-shop retailers and service providers, as well as ground leasing or selling out-parcels to these same types of tenants. The Company leases for tenant space under 5,000 square feet generally have terms ranging from three to five years. Leases more than 10,000 square feet generally have lease terms in excess of five years, comprised of anchor tenants. The shopping centers' tenant base includes national and regional supermarkets, drug stores, discount department stores and other retailers. The Company’s properties include Shoppes at Fairhope Village at Alabama; Palm Valley Marketplace and Pima Crossing in Arizona; Amerige Heights Town Center , Blossom Valley and Corral Hollow in California; Buckley Square, Falcon Marketplace and Stroh Ranch in Colorado; Pike Creek and Shoppes of Graylyn in Delaware, and Garden Square, Newberry Square and Regency Square in Florida, among others.
Regency Centers Corp
1 Independent Dr Ste 114
JACKSONVILLE FL 32202-5005