Regency Centers to Acquire Equity One
Jacksonville based Regency Centers Corp. just announced a deal to acquire another major shopping center owner, Equity One, Inc. Regency currently owns 307 properties across the country, and the acquisition/merger with Equity One (122 properties) will result in a combined company with 429 properties across the US, with a total market value of $15.6 Billion. The deal is expected to take place in the first to second quarter of 2017. The company will retain the Regency Centers name and the headquarters will remain in Jacksonville. The merger will be done through an exchange of stock.
Posted on November 15, 2016, in Downtown, General CRE News/Reports, JAX Daily Record, Jobs/JAX Economy, Shopping Centers/Retailers, Uncategorized and tagged Equity One, Merger, Regency Centers. Bookmark the permalink. Leave a comment.