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Regency Centers Closes Acquisition Of Urstadt Biddle Properties

Aug 18, 2023•over 2 years ago

Acquiring Company

Portfolio of Five Premier Shopping Centers

Acquired Company

Urstadt Biddle Properties

JacksonvilleReal Estate

Description

Regency Centers Corporation (“Regency”) (Nasdaq: REG) today announced the completion of its previously announced acquisition of Urstadt Biddle Properties Inc. (“Urstadt Biddle”) (NYSE: UBA and UBP) in an all-stock transaction.

Company Information

Company

Portfolio of Five Premier Shopping Centers

Location

Jacksonville, North Carolina, United States

About

The acquired portfolio consists of five suburban shopping centers located within the Rancho Mission Viejo master-planned community. These centers include Bridgepark Plaza, Mercantile West, Mercantile East, Terrace Shops, and Sendero Marketplace. The portfolio is 97% leased and hosts tenants including grocers and personal service providers.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed