Profile: Regency Centers Corp (REG.N)
28 Jun 2016
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 subsidiaries and through its co-investment partnerships. The Company owns direct or partial interests in approximately 320 shopping centers, which are grocery-anchored community and neighborhood centers. The Company's centers are located in over 30 states and the District of Columbia, and contain approximately 38.0 million square feet of gross leasable area (GLA). The Company's properties are leased to tenants under operating leases. Its leases for tenant space under approximately 5,000 square feet have terms ranging from three to five years. The Company's leases over 10,000 square feet have lease terms in excess of five years, which consists of anchor tenants. Many of the anchor leases contain provisions allowing the tenant the option of extending the term of the lease at expiration. The shopping centers' tenant base primarily includes national and regional supermarkets, drug stores, discount department stores and other retailers.
The Company has shopping centers that are subject to non-cancelable, long-term ground leases where a third-party owns and leases the underlying land to the Company to construct and/or operate a shopping center. In addition, the Company has non-cancelable operating leases pertaining to office space from which it conducts its business. 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