Regency Centers acquires $357M portfolio of five Orange County shopping centers

REGENCY CENTERS LP

Acquired five premier centers (630K sq ft) in Rancho Mission Viejo, Orange County, CA.
Portfolio is 96% occupied; grocer sales ~$800/sq ft; avg household income ~$200K.
Funded with 2.77M OP units at $72/unit, assumption of $150M secured debt at 4.2% (12 yr avg maturity), and $7M cash.
Transaction expected to be accretive to Regency's 2025 Core Operating Earnings per share.
Sellers advised by BofA Securities and EY; Regency advised by Paul Hastings.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

REGENCY CENTERS LP issued 2,773,083 limited common partnership units of common stock to seller of a portfolio of five shopping centers for $72.00 per unit.

Security: common stock
Shares: 2,773,083 limited common partnership units
Purchaser: seller of a portfolio of five shopping centers
Consideration: $72.00 per unit

Exact text from the filing

Regency Centers, L.P., the operating partnership of Regency Centers Corporation (the “Company”), issued 2,773,083 limited common partnership units (“Common Units”), at an issuance price of $72.00 per unit, to partially fund the Company’s acquisition of a portfolio of five shopping centers located in Orange County, California.

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Source: SEC EDGAR

accession 0001193125-25-307224

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