Regency Centers Corporation
"Crafting the New Face of Retail."
|
|
| Public company | |
| Traded as | : REG S&P 500 Component |
| Industry | Real Estate Investment Trust |
| Founded | 1963 |
| Headquarters |
Wells Fargo Center One Independent Drive Suite 114 Jacksonville, Florida, U.S. |
|
Key people
|
Martin E. (Hap) Stein Jr., Chairman & CEO Lisa Palmer, President and CFO Mac Chandler, EVP Development James Thompson, EVP Operations |
| Products | Shopping malls |
| Revenue |  US$614 million (2016) |
 -US$119 million (2016) |
|
| -US$166 million (2016) |
|
| Total assets | US$4.488 billion (2016) |
| Total equity | US$2.591 billion (2016) |
|
Number of employees
|
371 (2016) |
| Website | www.regencycenters.com |
Regency Centers Corporation is a real estate investment trust (REIT) based in Jacksonville, Florida and is one of the largest operators of grocery-anchored shopping centers.
The company owns 429 properties comprising 57.2 million square feet of space, 87% of which are anchored by grocery stores that rank in the top three of their market.
The company has 19 offices throughout the United States.
In 1963, the company was founded as Regency Square Properties by Martin and Joan Stein. Four years later, the company built Jacksonville's first regional mall, Regency Square.
In 1993, the company went public, raising $108 million in an initial public offering.
In 1997, Regency acquired Branch Properties, a Publix developer and leading owner of shopping centers in Atlanta, Georgia.
In 2004, Regency acquired a $400 million property portfolio from Branch Properties.
On December 27, 2004, Regency and California State Teachers' Retirement System (CalSTRS) formed a new co-investment partnership to acquire over $200 million in neighborhood and community shopping centers.
In 2005, Regency, in partnership with Macquarie CountryWide Trust, acquired 101 centers from First Washington Realty, Inc. and California Public Employees' Retirement System for $2.74 billion. First Washington Realty Inc. and the California Public Employees’ Retirement System bought back a 60% interest in most of the portfolio in 2009.
In 2007, Regency launched greengenuity® to reduce the environmental impact of new developments, existing centers and corporate operations.
In August 2013, Regency sold a portfolio of 7 grocery-oriented shopping centers to a joint venture between Blackstone Group and DDR Corp. for $332 million.
In 2017, Regency acquired Equity One, creating a company with a $16 billion market capitalization.
Regency’s chairman and CEO, Martin E. "Hap" Stein, Jr., is the son of Martin and Joan E. Stein, who founded the REIT’s predecessor, Regency Realty in the 1960s. Stein has served as CEO since the company’s initial public offering in 1993, and as Chairman since 1999. He served as President of Regency's predecessor real estate division beginning in 1981, and as a Vice President from 1976 to 1981. Stein served as 2008 Chairman of the National Association of Real Estate Investment Trusts (NAREIT). He holds, or has held, leadership positions with NAREIT, the Urban Land Institute and the Real Estate Roundtable, in addition to board positions with FRP Holdings, Stein Mart, and his alma mater, Washington and Lee University. Stein earned a bachelor’s degree from Washington and Lee University and a Master of Business Administration from Dartmouth College.
...
Wikipedia