Regency Centers Announces Tender Offer for Four Series of Notes

JACKSONVILLE, FL-(BUSINESS WIRE)-- Regency Centers Corporation (NYSE:REG) announced that its operating partnership, Regency Centers, L.P., has commenced a cash tender offer (the "Tender Offer") for any and all of its notes (the "Notes") set forth below.

The aggregate principal amount outstanding of Notes subject to the Tender Offer is $400,000,000. Regency Centers, L.P. expects to purchase the Notes utilizing available cash and borrowings under existing lines of credit.

Aggregate Principal CUSIP Security Description Amount Outstanding Purchase Price((1))

75884R AF 0 8.45% Notes due September $150,000,000 $1,035
1, 2010
75884R AG 8 8.00% Notes due December $10,000,000 $1,035
15, 2010
75884R AH 6 7.95% Notes due January $220,000,000 $1,035
15, 2011
75884R AJ 2 7.25% Notes due December $20,000,000 $1,035
12, 2011
(1) Per $1,000 principal amount of Notes accepted for purchase.

The Tender Offer will expire at 5:00 p.m., New York City time, on Monday, August 17, 2009, unless extended or earlier terminated by Regency Centers, L.P. (the "Expiration Time").

Under certain circumstances described in the Offer to Purchase referred to below, Regency Centers, L.P. may terminate the Tender Offer before the Expiration Time. Any tendered Notes may be withdrawn prior to, but not after, the Expiration Time and withdrawn Notes may be re-tendered by a holder at any time prior to the Expiration Time.

The consideration payable for the Notes will be $1,035 per $1,000 principal amount of Notes, plus accrued and unpaid interest to, but not including, the payment date for the Notes purchased in the Tender Offer. The payment date for Notes purchased in the Tender Offer is expected to be the next business day following the Expiration Time.

The complete terms and conditions of the Tender Offer are set forth in the Offer to Purchase dated August 10, 2009 (the "Offer to Purchase") and the related Letter of Transmittal (the "Letter of Transmittal") that are being sent to holders of the Notes.

Holders are urged to read the Tender Offer documents carefully before making any decision with respect to the Tender Offer. Copies of the Offer to Purchase and Letter of Transmittal may be obtained from D.F. King & Co., Inc., the Information Agent for the Tender Offer, at (800) 859-8508 (toll-free).

Wells Fargo Securities and J.P. Morgan are the Dealer Managers for the Tender Offer. Questions regarding the Tender Offer may be directed to Wells Fargo Securities at (866) 309-6316 (toll-free) or (704) 715-8341 (collect) or J.P. Morgan at (866) 834-4666 (toll-free) or (212) 834-3118 (collect).

Contact: Lisa Palmer, 904-598-7636, http://www.regencycenters.com/