Nov
16
Regency Centers to Upsize with Equity One Merger
ByThe transaction will give the REIT a total market capitalization of $15.6 billion.
Equity One’s largest asset – Serramonte Center, Daly City, Calif.
Jacksonville, Fla. & New York—Move over, Kimco. Step aside, Federal Realty Investment Trust. Regency Centers Corp. will soon move to the top of the list of the largest U.S. shopping center REITs by equity value, now that the company has committed to a merger with Equity One Inc. The transaction, which values Equity One at $4.6 billion, will give the new Regency a total market capitalization of $15.6 billion.
According to Hoya Capital Real Estate, Kimco and Federal Realty have respective market capitalizations of $12.3 and $11.1 billion…
