Regency Centers, an owner, operator, and developer of shopping centers, completed the acquisition of Urstadt Biddle Properties, a self-administered equity REIT, for $1.4bn. “We are proud of this transaction and excited to start unlocking the synergies and growth opportunities that we expect this combination to provide. These centers align well with Regency’s portfolio strategy and meaningfully expand our presence in strong trade areas in the Northeast," Lisa Palmer, Regency President and Chief Executive Officer.