==============================================================================


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  -------------

                                  SCHEDULE 13D
                                 (Rule 13d-101)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
            TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
                                  RULE 13d-2(a)


                                (Amendment No. 9)


                           Regency Realty Corporation
            --------------------------------------------------------
                                (Name of Issuer)

                     Common Stock, par value $.01 per share
          ------------------------------------------------------------
                         (Title of Class of Securities)

                                   758939 10 2
                ------------------------------------------------
                                 (CUSIP Number)


                                   Ariel Amir
                          Security Capital U.S. Realty
                              25b, boulevard Royal
                                Luxembourg L-2449
                                (011-352) 4637561
       ------------------------------------------------------------------
                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)

                                February 28, 1999
       ------------------------------------------------------------------
                  (Date of Event Which Requires Filing of This
                                   Statement)


      If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box: [  ].
                         (Continued on following pages)

                              (Page 1 of 21 Pages)
==============================================================================





                                                      --------------------------
  CUSIP No. 758939 10 2                                     Page 2 of 21
                                                      --------------------------
- ------------------------------------------------------------------------------
1.    NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Security Capital U.S. Realty
- ------------------------------------------------------------------------------
2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

                                                                   (a) [  ]
                                                                   (b) [  ]
- ------------------------------------------------------------------------------
3.    SEC USE ONLY
- ------------------------------------------------------------------------------
4.    SOURCE OF FUNDS
      BK, OO
- ------------------------------------------------------------------------------
5.    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
      TO ITEMS 2(d) OR 2(e)
- ------------------------------------------------------------------------------
6.    CITIZENSHIP OR PLACE OF ORGANIZATION
      Luxembourg
- --------------------------------------------------------------------------------
 Number of   7.  SOLE VOTING POWER
   Shares           34,273,236
             -------------------------------------------------------------------
Beneficially 8.  SHARED VOTING POWER
  Owned By          0
             -------------------------------------------------------------------
    Each     9.  SOLE DISPOSITIVE POWER
 Reporting          34,273,236
             -------------------------------------------------------------------
Person With  10. SHARED DISPOSITIVE POWER
                    0
- --------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
      34,273,236
- ------------------------------------------------------------------------------
12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
      CERTAIN SHARES

- ------------------------------------------------------------------------------
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
      59.4%
- ------------------------------------------------------------------------------
14.   TYPE OF REPORTING PERSON
      CO
- ------------------------------------------------------------------------------





                                                      --------------------------
  CUSIP No. 758939 10 2                                     Page 3 of 21
                                                      --------------------------
- ------------------------------------------------------------------------------
1.    NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Security Capital Holdings  S.A.
- ------------------------------------------------------------------------------
2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                   (a) [  ]
                                                                   (b) [  ]
- ------------------------------------------------------------------------------
3.    SEC USE ONLY
- ------------------------------------------------------------------------------
4.    SOURCE OF FUNDS
      BK, OO
- ------------------------------------------------------------------------------
5.    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
      TO ITEMS 2(d) OR 2(e)
- ------------------------------------------------------------------------------
6.    CITIZENSHIP OR PLACE OF ORGANIZATION
      Luxembourg
- --------------------------------------------------------------------------------
 Number of   7.  SOLE VOTING POWER
   Shares           34,273,236
             -------------------------------------------------------------------
Beneficially 8.  SHARED VOTING POWER
  Owned By          0
             -------------------------------------------------------------------
    Each     9.  SOLE DISPOSITIVE POWER
 Reporting          34,273,236
             -------------------------------------------------------------------
Person With  10. SHARED DISPOSITIVE POWER
                    0
- --------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
      34,273,236
- ------------------------------------------------------------------------------
12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
      CERTAIN SHARES
                                                                       [  ]
- ------------------------------------------------------------------------------
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
      59.4%
- ------------------------------------------------------------------------------
14.   TYPE OF REPORTING PERSON
      CO
- ------------------------------------------------------------------------------





                                                      --------------------------
  CUSIP No. 758939 10 2                                     Page 4 of 21
                                                      --------------------------
- ------------------------------------------------------------------------------
1.    NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Security Capital Shopping Center I Sarl
- ------------------------------------------------------------------------------
2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                   (a) [  ]
                                                                   (b) [  ]
- ------------------------------------------------------------------------------
3.    SEC USE ONLY
- ------------------------------------------------------------------------------
4.    SOURCE OF FUNDS
      OO
- ------------------------------------------------------------------------------
5.    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
      TO ITEMS 2(d) OR 2(e)
                                                                       [  ]
- ------------------------------------------------------------------------------
6.    CITIZENSHIP OR PLACE OF ORGANIZATION
      Luxembourg
- --------------------------------------------------------------------------------
 Number of   7.  SOLE VOTING POWER
   Shares           2,037,600
             -------------------------------------------------------------------
Beneficially 8.  SHARED VOTING POWER
  Owned By          0
             -------------------------------------------------------------------
    Each     9.  SOLE DISPOSITIVE POWER
 Reporting          2,037,600
             -------------------------------------------------------------------
Person With  10. SHARED DISPOSITIVE POWER
                    0
- --------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
      2,037,600
- ------------------------------------------------------------------------------
12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
      CERTAIN SHARES
                                                                       [  ]
- ------------------------------------------------------------------------------
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
      3.5%
- ------------------------------------------------------------------------------
14.   TYPE OF REPORTING PERSON
      CO
- ------------------------------------------------------------------------------





                                                      --------------------------
  CUSIP No. 758939 10 2                                     Page 5 of 21
                                                      --------------------------
- ------------------------------------------------------------------------------
1.    NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Security Capital Shopping Center II Sarl
- ------------------------------------------------------------------------------
2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                   (a) [  ]
                                                                   (b) [  ]
- ------------------------------------------------------------------------------
3.    SEC USE ONLY
- ------------------------------------------------------------------------------
4.    SOURCE OF FUNDS
      OO
- ------------------------------------------------------------------------------
5.    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
      TO ITEMS 2(d) OR 2(e)
                                                                       [  ]
- ------------------------------------------------------------------------------
6.    CITIZENSHIP OR PLACE OF ORGANIZATION
      Luxembourg
- --------------------------------------------------------------------------------
 Number of   7.  SOLE VOTING POWER
   Shares           2,037,600
             -------------------------------------------------------------------
Beneficially 8.  SHARED VOTING POWER
  Owned By          0
             -------------------------------------------------------------------
    Each     9.  SOLE DISPOSITIVE POWER
 Reporting          2,037,600
             -------------------------------------------------------------------
Person With  10. SHARED DISPOSITIVE POWER
                    0
- --------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
      2,037,600
- ------------------------------------------------------------------------------
12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
      CERTAIN SHARES
                                                                       [  ]
- ------------------------------------------------------------------------------
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
      3.5%
- ------------------------------------------------------------------------------
14.   TYPE OF REPORTING PERSON
      CO
- ------------------------------------------------------------------------------





                                                      --------------------------
  CUSIP No. 758939 10 2                                     Page 6 of 21
                                                      --------------------------
- ------------------------------------------------------------------------------
1.    NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Security Capital Shopping Center III Sarl
- ------------------------------------------------------------------------------
2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                   (a) [  ]
                                                                   (b) [  ]
- ------------------------------------------------------------------------------
3.    SEC USE ONLY
- ------------------------------------------------------------------------------
4.    SOURCE OF FUNDS
      OO
- ------------------------------------------------------------------------------
5.    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
      TO ITEMS 2(d) OR 2(e)
                                                                       [  ]
- ------------------------------------------------------------------------------
6.    CITIZENSHIP OR PLACE OF ORGANIZATION
      Luxembourg
- --------------------------------------------------------------------------------
 Number of   7.  SOLE VOTING POWER
   Shares           2,037,600
             -------------------------------------------------------------------
Beneficially 8.  SHARED VOTING POWER
  Owned By          0
             -------------------------------------------------------------------
    Each     9.  SOLE DISPOSITIVE POWER
 Reporting          2,037,600
             -------------------------------------------------------------------
Person With  10. SHARED DISPOSITIVE POWER
                    0
- --------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
      2,037,600
- ------------------------------------------------------------------------------
12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
      CERTAIN SHARES
                                                                       [  ]
- ------------------------------------------------------------------------------
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
      3.5%
- ------------------------------------------------------------------------------
14.   TYPE OF REPORTING PERSON
      CO
- ------------------------------------------------------------------------------





                                                      --------------------------
  CUSIP No. 758939 10 2                                     Page 7 of 21
                                                      --------------------------
- ------------------------------------------------------------------------------
1.    NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Security Capital Shopping Center IV Sarl
- ------------------------------------------------------------------------------
2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                   (a) [  ]
                                                                   (b) [  ]
- ------------------------------------------------------------------------------
3.    SEC USE ONLY
- ------------------------------------------------------------------------------
4.    SOURCE OF FUNDS
      OO
- ------------------------------------------------------------------------------
5.    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
      TO ITEMS 2(d) OR 2(e)
                                                                       [  ]
- ------------------------------------------------------------------------------
6.    CITIZENSHIP OR PLACE OF ORGANIZATION
      Luxembourg
- --------------------------------------------------------------------------------
 Number of   7.  SOLE VOTING POWER
   Shares           2,037,600
             -------------------------------------------------------------------
Beneficially 8.  SHARED VOTING POWER
  Owned By          0
             -------------------------------------------------------------------
    Each     9.  SOLE DISPOSITIVE POWER
 Reporting          2,037,600
             -------------------------------------------------------------------
Person With  10. SHARED DISPOSITIVE POWER
                    0
- --------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
      2,037,600
- ------------------------------------------------------------------------------
12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
      CERTAIN SHARES
                                                                       [  ]
- ------------------------------------------------------------------------------
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
      3.5%
- ------------------------------------------------------------------------------
14.   TYPE OF REPORTING PERSON
      CO
- ------------------------------------------------------------------------------





                                                      --------------------------
  CUSIP No. 758939 10 2                                     Page 8 of 21
                                                      --------------------------
- ------------------------------------------------------------------------------
1.    NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Security Capital Shopping Center V Sarl
- ------------------------------------------------------------------------------
2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                   (a) [  ]
                                                                   (b) [  ]
- ------------------------------------------------------------------------------
3.    SEC USE ONLY
- ------------------------------------------------------------------------------
4.    SOURCE OF FUNDS
      OO
- ------------------------------------------------------------------------------
5.    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
      TO ITEMS 2(d) OR 2(e)
                                                                       [  ]
- ------------------------------------------------------------------------------
6.    CITIZENSHIP OR PLACE OF ORGANIZATION
      Luxembourg
- --------------------------------------------------------------------------------
 Number of   7.  SOLE VOTING POWER
   Shares           2,037,600
             -------------------------------------------------------------------
Beneficially 8.  SHARED VOTING POWER
  Owned By          0
             -------------------------------------------------------------------
    Each     9.  SOLE DISPOSITIVE POWER
 Reporting          2,037,600
             -------------------------------------------------------------------
Person With  10. SHARED DISPOSITIVE POWER
                    0
- --------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
      2,037,600
- ------------------------------------------------------------------------------
12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
      CERTAIN SHARES
                                                                       [  ]
- ------------------------------------------------------------------------------
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
       3.5%
- ------------------------------------------------------------------------------
14.   TYPE OF REPORTING PERSON
      CO
- ------------------------------------------------------------------------------





                                                      --------------------------
  CUSIP No. 758939 10 2                                     Page 9 of 21
                                                      --------------------------
- ------------------------------------------------------------------------------
1.    NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
      Security Capital Shopping Center VI Sarl
- ------------------------------------------------------------------------------
2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                   (a) [  ]
                                                                   (b) [  ]
- ------------------------------------------------------------------------------
3.    SEC USE ONLY
- ------------------------------------------------------------------------------
4.    SOURCE OF FUNDS
      OO
- ------------------------------------------------------------------------------
5.    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
      TO ITEMS 2(d) OR 2(e)
                                                                       [  ]
- ------------------------------------------------------------------------------
6.    CITIZENSHIP OR PLACE OF ORGANIZATION
      Luxembourg
- --------------------------------------------------------------------------------
 Number of   7.  SOLE VOTING POWER
   Shares           2,033,828
             -------------------------------------------------------------------
Beneficially 8.  SHARED VOTING POWER
  Owned By          0
             -------------------------------------------------------------------
    Each     9.  SOLE DISPOSITIVE POWER
 Reporting          2,033,828
             -------------------------------------------------------------------
Person With  10. SHARED DISPOSITIVE POWER
                    0
- --------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
      2,033,828
- ------------------------------------------------------------------------------
12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
      CERTAIN SHARES
                                                                       [  ]
- ------------------------------------------------------------------------------
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
       3.5%
- ------------------------------------------------------------------------------
14.   TYPE OF REPORTING PERSON
      CO
- ------------------------------------------------------------------------------





                                                      --------------------------
  CUSIP No. 758939 10 2                                     Page 10 of 21
                                                      --------------------------


            This Amendment No. 9 (this "Amendment") is being filed by Security
Capital U.S. Realty, a corporation organized and existing under the laws of
Luxembourg ("Security Capital U.S. Realty"), Security Capital Holdings S.A, a
corporation organized and existing under the laws of Luxembourg and a wholly
owned subsidiary of Security Capital U.S. Realty ("Holdings", and together with
Security Capital U.S. Realty, "SC-USREALTY), Security Capital Shopping Center I
Sarl, Security Capital Shopping Center II Sarl, Security Capital Shopping Center
III Sarl, Security Capital Shopping Center IV Sarl, Security Capital Shopping
Center V Sarl, and Security Capital Shopping Center VI Sarl, each a corporation
organized and existing under the laws of Luxembourg and a wholly owned
subsidiary of Holdings (the "Security Capital Shopping Center Subsidiaries", and
together with SC-USREALTY, the "Reporting Persons"), and amends the Schedule 13D
originally filed on June 21, 1996 (as previously amended, the "Schedule 13D").
Capitalized terms used herein without definition shall have the meanings
ascribed thereto in the Schedule 13D. Except as provided below, there are no
changes to report from the responses previously provided.

ITEM 2   Identity and Background

         Each of the Security Capital Shopping Center Subsidiaries is a
Luxembourg corporation and a wholly owned subsidiary of Holdings that was formed
in connection with an internal reorganization of SC-USREALTY in December 1998.
The principal office of each of the Security Capital Shopping Center
Subsidiaries is located at 25b, boulevard Royal, Luxembourg L-2449.

         Each Security Capital Shopping Center Subsidiary is governed by three
Managers. The name, business address, present principal occupation or employment
and the name, principal business and address of any corporation or other
organization in which such employment is conducted and citizenship of each
manager of the Security Capital Shopping Center Subsidiaries are set forth on
Exhibit 9.3 hereto.

         During the last five years, none of the Security Capital Shopping
Center Subsidiaries and, to the best knowledge of the Reporting Persons, any of
its Managers has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or has been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction as a result of which
such Security Capital Shopping Center Subsidiary or person was or is subject to
a judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect such laws.

ITEM 3   Source and amount of funds and other consideration

         See Item 4 below.





                                                      --------------------------
  CUSIP No. 758939 10 2                                     Page 11 of 21
                                                      --------------------------


ITEM 4   Purpose of Transaction

         Effective as of 11:59 p.m. (Eastern time) on February 28, 1998, PRT was
merged (the "Merger") with and into Regency. Pursuant to the Merger, (i) each
outstanding share of PRT Common Stock was converted into the right to receive
0.48 of a share of Regency Common Stock; (ii) each Series A Cumulative
Convertible Redeemable Preferred Share of Beneficial Interest of PRT was
converted into the right to receive 0.48 of a share of Series 1 Cumulative
Convertible Redeemable Preferred Stock, par value $.01 per share, of Regency;
and (iii) each Series B Cumulative Convertible Redeemable Preferred Share of
Beneficial Interest of PRT was converted into the right to receive 0.48 of a
share of Series 2 Cumulative Convertible Redeemable Preferred Stock, par value
$.01 per share, of Regency. As a result, the Reporting Persons acquired
22,533,020 shares of Regency Common Stock (the "Acquired Regency Shares") in
exchange for its 46,985,459 shares of PRT Common Stock.

         Regency, SC-USREALTY and the others specified in the definition of
"Buyer" under the Regency Registration Rights Agreement (as defined herein) also
entered into Amendment No. 2 (the "Registration Rights Amendment") dated as of
February 28, 1999 to the Registration Rights Agreement dated as of August 28,
1997 (the "Regency Registration Rights Agreement"). Pursuant to the Registration
Rights Amendment, the parties agreed (i) to terminate certain registration
rights agreements between Holdings and PRT, pursuant to which Buyer had certain
registration rights in respect of the Acquired Regency Shares and (ii) to grant
Buyer the registration rights set forth in the Regency Registration Rights
Agreement in respect of the Acquired Regency Shares. The Registration Rights
Amendment also provides that upon consummation of the Merger, Buyer will be
entitled to a minimum of twelve Shelf Registrations (as defined in the Regency
Registration Rights Agreement) plus an additional Shelf Registration for every
$75,000,000 of Regency Common Stock acquired from Regency after the date of the
Merger. A copy of the Registration Rights Amendment is attached hereto as
Exhibit 9.1 and is specifically incorporated herein by reference, and the
description herein of the Registration Rights Amendment is qualified in its
entirety by reference to the Registration Rights Amendment.

         SC-USREALTY and Regency also entered into a waiver dated as of February
28, 1999 (the "Waiver"), pursuant to which SC-USREALTY agreed that the
acquisition by LaSalle Advisors Limited or its affiliates (collectively,
"LaSalle") of beneficial ownership of a specified number of shares of Regency
Common Stock in connection with the Merger would not terminate the Standstill
Period under the Stockholders Agreement; provided that the acquisition of
beneficial ownership of any shares of capital stock of Regency that are entitled
to vote generally in the election of Regency's directors ("Voting Securities")
by LaSalle after the date of the Merger will terminate the Standstill Period if
after giving effect to such acquisition LaSalle and its Affiliates beneficially
own more than 9.8% of the voting power of the outstanding shares of Voting
Securities, subject to certain exceptions set forth in the Waiver. A copy of the
Waiver is attached hereto as Exhibit 9.2 and is specifically incorporated herein
by reference, and the description herein of the Waiver is qualified in its
entirety by reference to the Waiver.





                                                      --------------------------
  CUSIP No. 758939 10 2                                     Page 12 of 21
                                                      --------------------------


Item 5   Interest in Securities of the Issuer

        (a) Security Capital Shopping Center I Sarl, Security Capital Shopping
            Center II Sarl, Security Capital Shopping Center III Sarl, Security
            Capital Shopping Center IV Sarl and Security Capital Shopping Center
            V Sarl each beneficially own 2,037,600 shares of Regency Common
            Stock. Security Capital Shopping Center VI Sarl beneficially owns
            2,033,828 shares of Regency Common Stock. All of the shares of
            Regency Common Stock beneficially owned by the Security Capital
            Shopping Center Subsidiaries remain beneficially owned by
            SC-USREALTY.

        (b) Each Reporting Person has the power to vote or direct the vote and
            dispose or direct the disposition of the Shares beneficially owned
            by such Reporting Persons as indicated in pages 2 through 9 above.

        (c) See response to Item 4.

Item 6   Contracts, Arrangements, Understandings or Relationships With Respect 
         to Securities of the Issuer

See response to Item 4.

Item 7   Material to be Filed as Exhibits


Exhibit 9.1 Amendment No. 2 to Registration Rights Agreement dated as
            of February 28, 1999 between Regency, SC-USREALTY and the others
            specified in the definition of "Buyer" under the Regency
            Registration Rights Agreement

Exhibit 9.2 Waiver dated as of February 28, 1999 between SC-USREALTY and
            Regency

Exhibit 9.3 Information with respect to the Managers of the Security Capital
            Shopping Center Subsidiaries

Exhibit 9.4 Joint Filing Agreement with Respect to Schedule 13D





                                                      --------------------------
  CUSIP No. 758939 10 2                                     Page 13 of 21
                                                      --------------------------


                                   SIGNATURES


            After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.

Dated as of: March 5, 1999



                                        SECURITY CAPITAL U.S. REALTY


                                        By:   /s/ Ariel Amir
                                           Name:  Ariel Amir
                                           Title: Vice-President









                                                      --------------------------
  CUSIP No. 758939 10 2                                     Page 14 of 21
                                                      --------------------------


                                INDEX OF EXHIBITS


Exhibit 9.1 Amendment No. 2 to Registration Rights Agreement dated as
            of February 28, 1999 between Regency, SC-USREALTY and the others
            specified in the definition of "Buyer" under the Regency
            Registration Rights Agreement

Exhibit 9.2 Waiver dated as of February 28, 1999 between SC-USREALTY and
            Regency

Exhibit 9.3 Information with respect to the Managers of the Security Capital
            Shopping Center Subsidiaries

Exhibit 9.4 Joint Filing Agreement with Respect to Schedule 13D




                                                                   Page 15 of 21
                                                                     Exhibit 9.1


                  AMENDMENT NO. 2 TO REGISTRATION RIGHTS AGREEMENT


            THIS AMENDMENT NO. 2 TO REGISTRATION RIGHTS AGREEMENT (the
"Amendment") dated as of February 28, 1999, is made by and among Regency Realty
Corporation, a Florida corporation (the "Company"), Security Capital U.S.
Realty, a Luxembourg corporation ("US-REALTY"), Security Capital Holdings S.A.,
a Luxembourg corporation ("Holdings" and together with US-REALTY, "Security
Capital") and the others specified in the definition of "Buyer" under the
Company Registration Rights Agreement (as hereinafter defined). Any capitalized
term used but not defined herein shall have the meaning ascribed thereto in the
Company Registration Rights Agreement.

            WHEREAS, the parties hereto entered into a Registration Rights
Agreement, dated as of July 10, 1996, as amended by Amendment No. 1 dated as of
August 28, 1997 (as amended, the "Company Registration Rights Agreement"),
pursuant to which Buyer has certain registration rights in respect of the
Registrable Securities;

            WHEREAS, the Company and Pacific Retail Trust, a Maryland real
estate investment trust ("Pacific Retail"), entered into an Agreement and Plan
of Merger dated as of September 23, 1998 (the "Merger Agreement"), pursuant to
which Pacific Retail will merge with and into Regency (the "Merger")
simultaneously with the effectiveness of this Amendment;

            WHEREAS, Holdings and Pacific Retail entered into a Registration
Rights Agreement dated as of October 20, 1995 and Transfer and Registration
Rights Agreements dated as of August 30, 1996, May 14, 1997 and December, 1997
(the "Pacific Retail Registration Rights Agreements");

            WHEREAS, Buyer has certain registration rights pursuant to the
Pacific Retail Registration Rights Agreements in respect of the 22,553,019
shares of Company Common Stock to be received by Buyer in the Merger in exchange
for its shares of Pacific Retail common stock, par value $.01 per share
("Pacific Retail Common Stock");

            WHEREAS, the parties hereto desire to terminate the Pacific Retail
Registration Rights Agreements and amend the Company Registration Rights
Agreement so that the registration rights of Buyer under the Company
Registration Rights Agreement, as amended hereby, apply to any and all shares of
Company Common Stock received by Buyer in the Merger;

            NOW, THEREFORE, in consideration of the mutual covenants and
agreements contained in this amendment and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

            1. Definition of Registrable Securities.  The first sentence of 
subpart (m) of Section 1 of the Company Registration Rights Agreement is hereby
deleted in its entirety and replaced with the following:

            "(m) "Registrable Securities" shall mean (i) any and all shares of
            Company Common Stock acquired by Buyer pursuant to the Stock
            Purchase Agreement, (ii) 





                                                                   Page 16 of 21


            any and all securities acquired by Buyer pursuant to Section 4.2 of
            the Stockholders Agreement or Section 1 of Amendment No.1 to
            Stockholders Agreement dated as of February 10, 1997 by and among
            the Company, Holdings and USREALTY, as amended, (iii) any and all
            shares of Company Common Stock received by Buyer in the Merger in
            exchange for shares of Pacific Retail Common Stock, and (iv) any
            securities issued or issuable with respect to any Company Common
            Stock or other securities referred to in clause (i), (ii) or (iii)
            by way of conversion, exchange, stock dividend or stock split or in
            connection with a combination of shares, recapitalization, merger,
            consolidation or other reorganization or otherwise."

            2. Number of Shelf Registrations. The first sentence of subpart (d)
of Section 2 of the Company Registration Rights Agreement is hereby deleted in
its entirety and replaced with the following:

            "The Company shall be obligated to effect, under this Section 2, a
            minimum of 12 Shelf Registrations, plus an additional Shelf
            Registration for each $75,000,000 of shares of Company Common Stock
            acquired by Buyer from the Company subsequent to the Merger."

            3. Termination of Pacific Retail Registration Rights Agreements. The
parties hereto agree that upon effectiveness of this Amendment the Pacific
Retail Registration Rights Agreements shall be
terminated and of no effect whatsoever.

            4. No Effect on Consistent Terms. All terms of the Company
Registration Rights Agreement not inconsistent with this Amendment shall remain
in place and in full force and effect, and shall continue to apply to the
Company Registration Rights Agreement and to this Amendment. From and after the
date hereof, each reference to the Company Registration Rights Agreement in any
other instrument or document shall be deemed a reference to the Company
Registration Rights Agreement as amended hereby, unless the context otherwise
required.

            5. Headings. The headings contained in this Amendment are
inserted for convenience of reference only and shall not affect the meaning or
interpretation of the Amendment.

            6. Counterparts. This Amendment may be executed in one or
more counterparts, all of which shall be considered one and the same agreement,
and shall become effective when one or more counterparts have been signed by
each party hereto and delivered to the other party.





                                                                   Page 17 of 21


            IN WITNESS WHEREOF, this Amendment has been signed by or on behalf
of each of the parties hereto as of this 28th day of February, 1999.

                                       SECURITY CAPITAL HOLDINGS S.A.



                                       By:   /s/ Ariel Amir
                                          Name:  Ariel Amir
                                          Title: Vice President


                                       SECURITY CAPITAL U.S. REALTY



                                       By:   /s/ Ariel Amir
                                          Name:  Ariel Amir
                                          Title: Vice President



                                       REGENCY REALTY CORPORATION


                                       By:   /s/ Bruce M. Johnson
                                          Name:  Bruce M. Johnson
                                          Title: Managing Director and
                                                 Executive Vice President


                                                                   Page 18 of 21
                                                                     Exhibit 9.2


                                     WAIVER


            THIS WAIVER (the "Waiver") dated as of February 28, 1999, is made by
and among Security Capital U.S. Realty, a Luxembourg corporation, Security
Capital Holdings S.A., a Luxembourg corporation (together with Security Capital
U.S. Realty, "Investor") and Regency Realty Corporation, a Florida corporation
("Regency"). Any capitalized term used but not defined herein shall have the
meaning ascribed thereto in the Stockholders Agreement (as hereinafter defined).

            WHEREAS, the parties hereto and The Regency Group, Inc. entered into
a Stockholders Agreement, dated as of July 10, 1996 (the "Stockholders
Agreement"), pursuant to which, among other things, Investor has agreed to
certain restrictions during the Standstill Period;

            WHEREAS, LaSalle Advisors Limited ("LaSalle") and its Affiliates
directly and indirectly Beneficially Own capital stock of Regency and Pacific
Retail Trust, a Maryland real estate investment trust ("Pacific Retail"), in
each case as set forth in Exhibit A hereto;

            WHEREAS, Regency and Pacific Retail have entered into an Agreement
and Plan of Merger dated as of September 23, 1998 (the "Merger Agreement"),
pursuant to which Pacific Retail will merge with and into Regency (the
"Merger");

            WHEREAS, upon completion of the Merger the shares of capital stock
of Pacific Retail will be converted into capital stock of Regency in accordance
with the Merger Agreement, and LaSalle and its Affiliates will Beneficially Own
7,157,948 shares (the "LaSalle Shares") of Regency common stock, par value $.01
per share ("Regency Common Stock"), assuming conversion of all shares of capital
stock convertible into Regency Common Stock, as set forth in Exhibit A hereto;

            WHEREAS, Investor has agreed that the acquisition of Beneficial
Ownership of shares of Regency Common Stock by LaSalle and its Affiliates in the
Merger will not result in termination of the Standstill Period, subject to and
in accordance with the terms and conditions of this Waiver;

            NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

             1. Ownership by LaSalle and its Affiliates of greater than 9.8% of
the Voting Securities. 
                  (a) Regency represents and warrants that (x) neither
LaSalle nor its Affiliates Beneficially Own any Voting Securities or any
securities convertible into Voting Securities other than the LaSalle Shares, and
(y) upon completion of the Merger, the LaSalle Shares will represent 11.7% of
the voting power of the outstanding shares of Voting Securities, assuming
conversion of the Class B Common Stock, par value $.01 per share, of Regency.

                  (b) Notwithstanding clause (ii) of Section 5.1(a) of the
Stockholders Agreement, the Standstill Period shall not terminate as a result of
LaSalle acquiring Beneficial 





                                                                   Page 19 of 21


Ownership of any of the LaSalle Shares on or prior to the date hereof; provided,
however, that the acquisition by LaSalle or any of its Affiliates of Beneficial
Ownership of any Voting Securities at any time after the date hereof shall
terminate the Standstill Period if after giving effect to such acquisition
LaSalle and its Affiliates Beneficially Own more than 9.8% of the voting power
of the outstanding shares of Voting Securities (any such shares in excess of
such 9.8%, the "Excess Shares"), unless (x) the Excess Shares are at or
immediately following their acquisition deprived of all voting rights pursuant
to limitations on ownership of shares contained in the Company Charter, as in
effect at the relevant time, or in any other legal, valid and enforceable
agreement, plan or other right in effect at such time, or (y) provided the
Excess Shares represent no more than 5.2% of the voting power of the outstanding
Voting Securities, Regency, no later than the earlier of (aa) sixty days after
the date of such acquisition, and (bb) the record date for the first meeting of
shareholders after such record date, has caused LaSalle and its Affiliates to
cease, or LaSalle and its Affiliates otherwise cease having Beneficial Ownership
of the Excess Shares.

            IN WITNESS WHEREOF, this Waiver has been signed by or on behalf of
each of the parties hereto as of this 28th day of February, 1999.



                                       SECURITY CAPITAL HOLDINGS S.A.



                                       By:   /s/ Ariel Amir
                                          Name:  Ariel Amir
                                          Title: Vice President


                                       SECURITY CAPITAL U.S. REALTY



                                       By:   /s/ Ariel Amir
                                          Name:  Ariel Amir
                                          Title: Vice President

Accepted and Agreed by:

REGENCY REALTY CORPORATION


By:   /s/ Bruce M. Johnson
   Name:  Bruce M. Johnson
   Title: Managing Director and Executive Vice President



                                                                   Page 20 of 21
                                                                     Exhibit 9.3


                        MANAGERS OF THE SECURITY CAPITAL
                          SHOPPING CENTER SUBSIDIARIES

            The identity and background of the managers for all of the Security
Capital Shopping Center Subsidiaries are as follows:

       1. Jeffrey Cozad:  Jeffrey Cozad is a Manager of each of the
          Security Capital Shopping Center Subsidiaries.  Mr. Cozad's present
          principal occupation is as Managing Director of Security Capital
          U.S. Realty, whose business address is 25b, boulevard Royal,
          Luxembourg L-2449.  Mr. Cozad is a United States citizen.

       2. Christopher House: Christopher House is a Manger of each of the
          Security Capital Shopping Center Subsidiaries. Mr. House's present
          principal occupation is as Vice President of Holdings, whose business
          address is 25b, boulevard Royal, Luxembourg L-2449. Mr.
          House is a United States citizen.

       3. Peter James: Peter James is a Manager of each of the Security Capital
          Shopping Center Subsidiaries. Mr. James' present principal occupation
          is as Senior Vice-President of SC Group Incorporated, whose business
          address is 399 Park Avenue, New York, NY 10022. Mr.
          James is a British citizen.




                                                                   Page 21 of 21
                                                                     Exhibit 9.4


               Joint Filing Agreement with Respect to Schedule 13D

            In accordance with Rule 13d-1(k) of Regulation 13D-G under the
Securities Exchange Act of 1934, the undersigned hereby agree that any statement
on Schedule 13D to be filed with the Securities and Exchange Commission by any
of the undersigned, including any amendment thereto, with respect to the Common
Stock, par value $.01 per share, of Regency Realty Corporation, a Florida
corporation, may be filed by Security Capital U.S. Realty, a Luxembourg
corporation, on behalf of each of the undersigned.

            IN WITNESS WHEREOF, the undersigned have caused this Agreement to be
executed as of the 5th day of March, 1999.



                                SECURITY CAPITAL U.S. REALTY


                                By:   /s/ Ariel Amir
                                   Name:  Ariel Amir
                                   Title: Vice-President


                                SECURITY CAPITAL HOLDINGS S.A.


                                By:   /s/ Ariel Amir
                                   Name:  Ariel Amir
                                   Title: Vice-President


                                SECURITY CAPITAL SHOPPING CENTER I SARL 
                                SECURITY CAPITAL SHOPPING CENTER II SARL 
                                SECURITY CAPITAL SHOPPING CENTER III SARL 
                                SECURITY CAPITAL SHOPPING CENTER IV SARL 
                                SECURITY CAPITAL SHOPPING CENTER V SARL 
                                SECURITY CAPITAL SHOPPING CENTER VI SARL 
                                SECURITY CAPITAL SHOPPING CENTER VII SARL


                                By:   /s/ Christopher W. House
                                   Name:  Christopher W. House
                                   Title: Manager

                                By:   /s/ Jeffrey A. Cozad
                                   Name:  Jeffrey A. Cozad
                                   Title: Manager