Rule 424(b)(2) Registration Number 333-2546 PROSPECTUS SUPPLEMENT DATED JULY 8, 1996 Regency Realty Corporation 934,400 Shares Common Stock All of the shares of Common Stock offered hereby are being sold directly by Regency Realty Corporation (the "Company") pursuant to the terms of a Stock Purchase Agreement dated as of June 11, 1996, by and among the Company, Security Capital Holdings S.A. and Security Capital U.S. Realty. The shares are being sold at a price of $17.625 per share. The aggregate proceeds of $16,468,800 will be used by the Company to repay borrowings outstanding under the Company's revolving credit agreement bearing interest at a weighted average annual rate of 7.06%. Such borrowings were incurred in the past year to finance the acquisition of shopping center properties. THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.