Announced
Completed
Financials
Tags
Commercial REITs
Acquisition
real estate investment trust
Majority
Single Bidder
Friendly
Domestic
United States
Private
Completed
Synopsis
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.
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