 "Crafting the New Face of Retail." | |
| Company type | Public |
|---|---|
| Nasdaq: REG S&P 500 Index component | |
| Industry | Real estate investment trust |
| Founded | 1963; 62 years ago (1963) |
| Headquarters | Wells Fargo Center Jacksonville, Florida |
Key people | Martin E. (Hap) Stein Jr. (chairman) Lisa Palmer (CEO) Michael J. Mas (CFO) |
| Products | Shopping malls |
| Revenue |  $1.133 billion (2019) |
 $239 million (2019) | |
| Total assets | $11.132 billion (2019) |
| Total equity | $6.289 billion (2019) |
Number of employees | 450 (2019) |
| Website | regencycenters |
| Footnotes / references [1] | |
Regency Centers Corporation is areal estate investment trust based inJacksonville, Florida, and is one of the largest operators of shopping centers withgrocery stores asanchor tenants. As of October 21, 2020, the company owned 415 properties comprising 56-million-square feet of space. Notable properties owned by the company includeSerramonte Center and a 30% interest inVillage District.[1]
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 became apublic company, raising $108 million in aninitial public offering.[2]
In 1997, the company acquired Branch Properties, aPublix developer and leading owner of shopping centers in Atlanta, Georgia.[3]
In 2004, the company acquired a $400-million property portfolio from Branch Properties.[4]
On December 27, 2004, the company andCalifornia State Teachers’ Retirement System (CalSTRS) formed a new co-investment partnership to acquire over $200 million in neighborhood and community shopping centers.[5]
In 2005, the company, in partnership with Macquarie CountryWide Trust, acquired 101 centers from First Washington Realty, Inc. and California Public Employees' Retirement System for $2.74 billion.[6] First Washington Realty Inc. and the California Public Employees’ Retirement System bought back a 60% interest in most of the portfolio in 2009.[7]
In August 2013, the company sold a portfolio of seven grocery-oriented shopping centers to a joint venture betweenBlackstone Group and DDR Corp. (nowSITE Centers) for $332 million.[8]
In 2017, the company acquiredEquity One.[9][10]
Longtime CEO Hap Stein stepped down from his role as Chairman & CEO in 2019. He was succeeded by Lisa Palmer.[11][12]