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Overview
and its history Regency Centers is a real estate investment trust (REIT) company that specializes in the acquisition, development, and management of shopping centers in affluent and densely populated areas in the United States. The company was founded in 1963 in Jacksonville, Florida, by Martin and Joan Connor as a small development firm. In the 1970s, the company focused on building neighborhood and community shopping centers in the Southeast, and expanded into regional malls in the 1980s. In 1993, the company became a publicly traded REIT and shifted its focus again to neighborhood and community shopping centers in major metropolitan areas. This strategy proved successful and by 2000, Regency Centers became the largest owner and operator of grocery-anchored shopping centers in the country. In the mid-2000s, Regency Centers began to diversify its portfolio by including mixed-use developments and outdoor lifestyle centers. Today, the company owns and operates over 400 properties across 28 states, with a total market value of over $16 billion. Regency Centers has a strong commitment to sustainability and has implemented several green initiatives in its properties, including energy efficiency programs, recycling efforts, and LEED certification for new developments. In addition to its real estate operations, Regency Centers is also involved in community outreach and philanthropy. The company has a charitable foundation, Regency Cares, which supports various causes and organizations in the communities where they operate. Overall, Regency Centers has built a reputation as a leader in the shopping center industry, with a focus on creating high-quality, sustainable, and community-focused properties.
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