Profile: Brixmor Property Group Inc (BRX.N)
20 Jan 2017
Brixmor Property Group Inc., incorporated on May 27, 2011, and subsidiaries (collectively BPG) is an internally managed real estate investment trust (REIT). Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership) is the entity through which BPG conducts its operations and owns its assets. BPG owns 100% of the common stock of BPG Subsidiary Inc. (BPG Sub), which is the sole member of Brixmor OP GP LLC (the General Partner), the sole general partner of the Operating Partnership. The Company operates the wholly owned portfolio of grocery-anchored community and neighborhood shopping centers in the United States. The Company's portfolio consists of over 515 shopping centers totaling approximately 90 million square feet of gross leasable area.
The Company's community and neighborhood shopping centers provide a mix of retailers and are primarily located in over 50 Metropolitan Statistical Areas. It has approximately 5,500 diverse national, regional and local retailers with approximately 10,000 leases in its Portfolio. Its primary objective is to maximize total returns to its stockholders through a combination of growth and value-creation at the asset level supported by stable cash flows. It seeks to achieve this through ownership of a large, diversified portfolio of primarily grocery-anchored community and neighborhood shopping centers and by creating meaningful net operating income (NOI) growth from this portfolio.
Brixmor Property Group Inc
450 Lexington Ave
NEW YORK NY 10017-3904