Regency Centers Acquires Urstadt Biddle Properties in All-Stock Transaction

May 18, 2023

Regency Centers Corporation agreed to acquire Urstadt Biddle Properties Inc. in an all-stock merger valued at approximately $1.4 billion including assumed debt and preferred stock. The combined company will create a larger portfolio of grocery-anchored, open-air shopping centers (481 properties, ~56 million sq. ft.), with Regency shareholders owning ~93% and Urstadt Biddle shareholders ~7% of the combined company.

Buyers
Regency Centers Corporation
Targets
Urstadt Biddle Properties Inc.
Sellers
Urstadt Biddle Properties shareholders
Industry
Real Estate
Location
Connecticut, United States
Transaction Type
Buyout

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