Darinor Plaza is a 152,025 square foot shopping center located on The Post Road in Norwalk, Connecticut. It is anchored by Kohl's, Old Navy and Party City. It is the company's seventh shopping center in the state of Connecticut and the third shopping center located on The Post Road between Westport and Darien. Darinor was built in 1978 and is 100% leased. The property was purchased for $36 million and is encumbered by an $18.8 million mortgage.1225 Second Avenue is an 18,474 square foot retail condominium covering a full city block on Second Avenue between 64 th and 65 th Street in New York City. It is anchored by CVS and 7-11. The property was purchased for $27.5 million and is encumbered by a $16.7 million mortgage. Together with Clocktower, this property marks the company's sixth acquisition in New York City. "These acquisitions are consistent with our strategy of owning retail properties in urban markets with visible growth through contractual rent increases, below market rents and redevelopment opportunities," said Jeff Olson, CEO of Equity One. ABOUT EQUITY ONE, INC. As of June 30, 2012, Equity One’s consolidated property portfolio comprised 165 properties consisting of approximately 16.8 million square feet of gross leasable area, including 142 shopping centers, 11 development or redevelopment properties, five non-retail properties and seven land parcels. As of June 30, 2012, our core portfolio was 91.8% leased and included national, regional and local tenants. Additionally, the company had joint venture interests in 17 shopping centers and two office buildings totaling approximately 2.8 million square feet of gross leasable area. FORWARD-LOOKING STATEMENTS Certain matters discussed by Equity One in this press release constitute forward-looking statements within the meaning of the federal securities laws. Forward-looking statements in this press release include, among others, statements about the quality of assets acquired and their potential for redevelopment. Although Equity One believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that these expectations will be achieved. Factors that could cause actual results to differ materially from current expectations include volatility of the capital markets; changes in macro-economic conditions and the demand for retail space in the states in which Equity One owns properties; the continuing financial success of Equity One’s current and prospective tenants; the risks that Equity One may not be able to proceed with or obtain necessary approvals for development or redevelopment projects or that it may take more time to complete such projects or incur costs greater than anticipated; the availability of properties for acquisition; the extent to which continuing supply constraints occur in geographic markets where Equity One owns properties; the success of its efforts to lease up vacant space; the effects of natural and other disasters; the ability of Equity One to successfully integrate the operations and systems of acquired companies and properties; changes in Equity One’s credit ratings; and other risks, which are described in Equity One’s filings with the Securities and Exchange Commission.