Regency Centers Announces Portfolio Under Contract
JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Regency Centers Corporation (“Regency”) announced today that it and its partners, as previously discussed, have elected to sell all of the assets (the “Portfolio”) owned in Regency Retail Partners, LP (the “Fund”). The Portfolio is under contract and once the transaction closes, the Fund, of which Regency has a 20% interest, will be dissolved. Further details will be disclosed once the disposition is complete, which is expected to occur by the end of the third quarter due to a number of secured loan assumptions.
About Regency Centers Corporation (NYSE:REG)
Regency is the preeminent national owner, operator, and developer of dominant grocery-anchored and community shopping centers. At December 31, 2012, the Company owned 348 retail properties, including those held in co-investment partnerships. Including tenant-owned square footage, the portfolio encompassed 46.3 million square feet located in top markets throughout the United States. Since 2000, Regency has developed 209 shopping centers, including those currently in-process, representing an investment at completion of more than $3.0 billion. Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self-administered and self-managed.
Forward-looking statements involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements. Please refer to the documents filed by Regency Centers Corporation with the SEC, specifically the most recent reports on Forms 10-K and 10-Q, which identify important risk factors which could cause actual results to differ from those contained in the forward-looking statements.
Regency Centers Corporation
Patrick Johnson, 904-598-7422
Source: Regency Centers Corporation