Regency Centers Corporation
From Wikipedia, the free encyclopedia
| Regency Center Corporation | |
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| Type | Public (NYSE: REG) |
| Founded | 1963 |
| Headquarters | Jacksonville, Florida, USA |
| Key people | Martin E. (Hap) Stein Jr., Chairman & CEO Mary Lou Fiala, President, COO, and Director Bruce M. Johnson, Managing Director & CFO |
| Industry | Real Estate Investment Trust |
| Products | Shopping Centers |
| Revenue | $420.3 million (2006) |
| Website | www.regencycenters.com |
Regency Centers Corporation (NYSE: REG) is a Real estate investment trust (REIT) based in Jacksonville, Florida and one of the largest operators of grocery-anchored shopping centers. The business owns, manages, and develops neighborhood shopping centers in nearly 30 states and Washington, DC. Most are anchored by a Publix, Kroger, Safeway or SUPERVALU grocery. The company owns and/or manages more than 400 properties, comprising more than 50,000,000 sq ft (4,600,000 m²). of leaseable space, mostly in Florida, California, Texas, Georgia, and Virginia. Growth occurs through the purchase of existing shopping centers or by acquiring land on which new centers can be developed. About 90 percent of its shopping centers are anchored by grocers ranking in the top three of their market. Regency’s chairman and CEO, Martin E. Stein, Jr., is the son of the couple that founded the REIT’s predecessor, Regency Realty in the 1960s.
