Tuesday, August 13, 2013

Regency Centers Completes Portfolio Sale

JACKSONVILLE, FL--(BUSINESS WIRE)-- Regency Centers Corporation (“Regency”) today announced it has closed on the sale of the portfolio of shopping centers owned by Regency Retail Partners, LP (the “Fund”) together with adjacent property phases wholly-owned by Regency to a joint venture between an affiliate of Blackstone Real Estate Partners VII L.P. and DDR Corp. for a gross sales price of $332 million, including $207 million of assumed mortgage debt.

Given Regency’s 20% ownership interest in the Fund, the company’s share of net sales proceeds from this transaction before closing adjustments was approximately $38 million. The Fund will be dissolved following this transaction.

 For a complete copy of the company’s news release, please contact:

 Regency Centers Corporation
Patrick Johnson, 904-598-7422

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