Regency Centers Reports Minimal Damage From Hurricane Sandy
Regency Centers Corporation (the “Company”) announced today that upon
initial inspection, the Company’s shopping centers along the East Coast
have sustained only minor damage as a result of Hurricane Sandy.
Regency Centers Corporation (the “Company”) announced today that upon initial inspection, the Company’s shopping centers along the East Coast have sustained only minor damage as a result of Hurricane Sandy. Beyond power outages at a limited number of properties, the scope of damage has been limited to tree and debris removal and minor roof leaks. The Company will provide further updates, if necessary, next week on the Company’s quarterly earnings call.
About Regency Centers Corporation (NYSE: REG) Regency is the preeminent national owner, operator, and developer of dominant grocery-anchored and community shopping centers. At June 30, 2012, the Company owned 364 retail properties, including those held in co-investment partnerships. Including tenant-owned square footage, the portfolio encompassed 49.5 million square feet located in top markets throughout the United States. Since 2000, Regency has developed 209 shopping centers, including those currently in-process, representing an investment at completion of more than $3.0 billion. Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self-administered and self-managed. Forward-looking statements involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements. Please refer to the documents filed by Regency Centers Corporation with the SEC, specifically the most recent reports on Forms 10-K and 10-Q, which identify important risk factors which could cause actual results to differ from those contained in the forward-looking statements.