JACKSONVILLE, FL--(BUSINESS WIRE)--Regency Centers Corp. (NYSE:REG) announced today that it has contributed four Regency-developed properties into its co-investment partnerships.
Three were contributed to Regency's partnership with the Oregon Public Employees Retirement Fund (OPERF) in a transaction valued at $83.4 million representing a weighted average cap rate of 7.14%.
The fourth was contributed to Regency's open-end fund, Regency Ret
ail Partners ("the Fund"), at a price of $74.5 million, representing a cap rate of 6.83%.
ail Partners ("the Fund"), at a price of $74.5 million, representing a cap rate of 6.83%. The three Regency-completed developments contributed to OPERF were: John's Creek Center, a Publix-anchored center in Jacksonville, Florida; Signal Hill Shopping Center, Shoppers Food Warehouse-anchored center in Manassas, VA (top right photo) ; and, Hollymead Town Center, Harris Teeter and Target-anchored center in Charlottesville, VA.
Silver Spring Square (bottom left photo) in Harrisburg, PA, a Wegmans and Target-anchored center, was contributed to the Fund. This represents the tenth contribution since the inception of the fund in December 2006.
CONTACT: IRinfo@regencycenters.com
CONTACT: IRinfo@regencycenters.com
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