Regency Centers said on July 24, 2025 that it had announced the acquisition of a portfolio of 5 shopping centers in Rancho Mission Viejo in Orange County, California, totaling about 630,000 square feet.

1. 01

   Regency Centers said on July 24, 2025 that it had announced the acquisition of a portfolio of 5 shopping centers in Rancho Mission Viejo in Orange County, California, totaling about 630,000 square feet.

2. 02

   The company said it funded the $357 million purchase price with operating partnership units issued at $72 per unit, the assumption of $150 million of secured mortgage debt, and $7 million in cash used to pay off a single secured loan.

3. 03

   Regency Centers, L.P., the company's operating partnership, issued 2,773,083 limited common partnership units at $72.00 per unit on July 23, 2025 to partially fund the acquisition, relying on the exemption under Section 4(a)(2) for the registration.

4. 04

   The company said the assumed secured mortgage debt carries a weighted average interest rate of 4.2% and a term to maturity of about 12 years. It also said the portfolio is 96% occupied and that grocer sales are approaching $800 per square foot.

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Original filing

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