- Business
- Regency Centers Corporation Regency Centers Corporation (REG) serves as a preeminent national real estate investment trust that owns, operates, and develops grocery-anchored shopping centers located in affluent suburban trade areas across the United States with compelling demographics. The company manages a portfolio of approximately 485 centers totaling over 59 million square feet of retail space, with 80% anchored by top grocers such as Publix and other leading supermarkets; it offers leasing opportunities to a mix of highly productive restaurants, service providers, pharmacies, and best-in-class national and local retailers that emphasize necessity-based retail serving community needs. Headquartered in Jacksonville, Florida, where it was founded in 1963 by Martin and Joan Stein, Regency Centers operates as a fully integrated, self-administered, and self-managed S&P 500 constituent with properties concentrated in high-barrier-to-entry markets featuring average household incomes exceeding $160,000. In July 2025, the company completed a $357 million acquisition of five premier suburban shopping centers in Orange County, California, funded through operating partnership units, assumed mortgage debt, and cash, enhancing its presence in supply-constrained coastal markets and expected to be accretive to core operating earnings. This transaction follows prior strategic moves, including the 2023 acquisition of Urstadt Biddle Properties adding 77 properties in affluent New York-area communities and the 2017 merger with Equity One that scaled its national footprint.