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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