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Regency Centers Releases Green Bond Use of Proceeds & Management Report

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Regency Centers Corporation (“Regency”), a national owner, operator, and developer of grocery-anchored shopping centers, has released its Use of Proceeds and Management Report, which details the use of net proceeds from its Green Bond issuance on May 16, 2014. Net proceeds from the sale totaled approximately $247 million and have been used to fund Eligible Green Projects, as defined in the prospectus supplement, including seven LEED Certified centers and two in-process developments seeking LEED Certification.

“We’re proud to be able to demonstrate our commitment to sustainability and to being an industry leader,” said Lisa Palmer, CFO and executive vice president for Regency Centers. “Our sustainability program continues to prove that responsible investment enhances our development projects and the communities in which they operate.”

The report can be found online here (Green Bond Use of Proceeds & Management Report) and it outlines the allocation of proceeds for the following centers:

  • Balboa Mesa Shopping Center – San Diego, CA
  • East Washington Place – Petaluma, CA
  • Granada Village – Granada Hills, CA
  • Grand Ridge Plaza – Issaquah, WA
  • Market at Colonnade Center – Raleigh, NC
  • Northgate Marketplace – Medford, OR
  • Persimmon Place – Dublin, CA
  • Roscoe Square – Chicago, IL
  • Village at La Floresta – Brea, CA

About Regency Centers Corporation (NYSE:REG)

With more than 50 years of experience, Regency is the preeminent national owner, operator and developer of high-quality, grocery-anchored neighborhood and community shopping centers. The Company’s portfolio of 321 retail properties encompasses over 43 million square feet located in top markets throughout the United States, including co-investment partnerships. Regency has developed 219 shopping centers since 2000, representing an investment at completion of more than $3 billion. Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self-administered and self-managed.

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