Regency Centers Announces Dissolution of Four-Property Partnership
JACKSONVILLE, Fla. -- March 21, 2013
Regency Centers Corporation (“Regency”) (NYSE: REG) announced today that it
and its co-investment partner, Charter Hall Retail REIT (“CQR”), have agreed
to dissolve their remaining co-investment partnership.
As a result of the dissolution, which is effective immediately, portfolio
assets were distributed as 100% ownership interests between CQR and Regency
after a selection process as provided for by the terms of the original
partnership agreement. Regency received full ownership interest in Hilltop
Village, a 100,030 sf center anchored by King Soopers and located in Denver,
Colorado, while CQR received full interest in the three remaining assets.
About Regency Centers Corporation (NYSE: REG)
Regency is the preeminent national owner, operator, and developer of dominant
grocery-anchored and community shopping centers. At December 31, 2012, the
Company owned 348 retail properties, including those held in co-investment
partnerships. Including tenant-owned square footage, the portfolio encompassed
46.3 million square feet located in top markets throughout the United States.
Since 2000, Regency has developed 209 shopping centers, including those
currently in-process, representing an investment at completion of more than
$3.0 billion. Operating as a fully integrated real estate company, Regency is
a qualified real estate investment trust that is self-administered and
Forward-looking statements involve risks and uncertainties. Actual future
performance, outcomes and results may differ materially from those expressed
in forward-looking statements. Please refer to the documents filed by Regency
Centers Corporation with the SEC, specifically the most recent reports on
Forms 10-K and 10-Q, which identify important risk factors which could cause
actual results to differ from those contained in the forward-looking
Regency Centers Corporation
Patrick Johnson, 904-598-7422
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