M&A Deal Summary

Regency Centers Acquires Urstadt Biddle Properties

On May 18, 2023, Regency Centers acquired real estate company Urstadt Biddle Properties for 1.4B USD

Acquisition Highlights
  • This is Regency Centers’ 11th transaction in the Real Estate sector.
  • This is Regency Centers’ largest (disclosed) transaction.
  • This is Regency Centers’ 11th transaction in the United States.
  • This is Regency Centers’ 2nd transaction in Connecticut.

M&A Deal Summary
Date 2023-05-18
Target Urstadt Biddle Properties
Sector Real Estate
Buyer(s) Regency Centers
Deal Type Add-on Acquisition
Deal Value 1.4B USD
Advisor(s) Deutsche Bank Corporate & Investment Banking (Financial)
Hogan Lovells (Legal)

Target

Urstadt Biddle Properties

Greenwich, Connecticut, United States
website
Urstadt Biddle Properties is a self-administered equity real estate investment trust which owns or has equity interests in 69 properties containing approximately 4.8 million square feet of space. Urstadt Biddle Properties is based in Greenwich, Connecticut.

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Buyer(S) 1

Buyer

Regency Centers

Jacksonville, Florida, United States

website

Category Company
Sector Real Estate
Employees431
Revenue 1.2B USD (2022)
DESCRIPTION

Regency Centers is the preeminent national owner, operator and developer of high-quality, grocery-anchored neighborhood and community shopping centers. The Company’s portfolio of 332 retail properties encompasses over 43.9 million square feet located in top markets throughout the United States, including co-investment partnerships. Regency Centers is based in Jacksonville, Florida.

DEAL STATS #
Overall 11 of 12
Sector (Real Estate) 11 of 12
Type (Add-on Acquisition) 7 of 8
State (Connecticut) 2 of 2
Country (United States) 11 of 12
Year (2023) 1 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-09 Scripps Ranch Marketplace

San Diego, California, United States

Scripps Ranch Marketplace is a provider of shopping center is anchored by Vons as well as CVS, Starbucks, and other local operators.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-14 Longmeadow Shops

Longmeadow, Massachusetts, United States

Longmeadow Shops is a neighborhood center with approximately 100,000 square feet of space serves as a town gathering spot for shopping and dining. Longmeadow Shops is based in Longmeadow, Massachusetts.

Buy -
Mergr

Product

Company

Legal