Regency Centers and Equity One to Merge in $15.6 Billion Transaction

Regency Centers Corporation and Equity One, Inc. announced that they have entered into a definitive merger agreement (“Agreement”) under which Equity One will merge with and into Regency, with Regency continuing as the surviving public company and creating the preeminent shopping center Real Estate Investment Trust (“REIT”).

The resulting enterprise will have industry-leading operating, development, redevelopment capacities as well as an unparalleled portfolio of primarily grocery-anchored properties uniquely positioned to sustain growth in net operating income (“NOI”) and create value for all of its stakeholders. The combined company is expected to have a pro forma equity market capitalization of approximately $11.7 billion and a total market capitalization of $15.6 billion, making it the largest REIT by equity value in the shopping center index.

This is an excerpt from this press release on Businesswire.com.