Regency Centers Corporation
Encyclopedia
Regency Centers Corporation is a Real estate investment trust
(REIT) based in Jacksonville, Florida
and one of the largest operators of grocery-anchored shopping centers. About 90 percent of its shopping centers are anchored by grocers ranking in the top three of their market. Regency’s chairman and CEO, Martin E. Stein, Jr., is the son of the couple, Martin and Joan E. Stein, that founded the REIT’s predecessor, Regency Realty in the 1960s.
Real estate investment trust
A real estate investment trust or REIT is a tax designation for a corporate entity investing in real estate. The purpose of this designation is to reduce or eliminate corporate tax. In return, REITs are required to distribute 90% of their taxable income into the hands of investors...
(REIT) based in Jacksonville, Florida
Jacksonville, Florida
Jacksonville is the largest city in the U.S. state of Florida in terms of both population and land area, and the largest city by area in the contiguous United States. It is the county seat of Duval County, with which the city government consolidated in 1968...
and one of the largest operators of grocery-anchored shopping centers. About 90 percent of its shopping centers are anchored by grocers ranking in the top three of their market. Regency’s chairman and CEO, Martin E. Stein, Jr., is the son of the couple, Martin and Joan E. Stein, that founded the REIT’s predecessor, Regency Realty in the 1960s.