| Real Estate Investments |
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2. |
Real Estate Investments |
The following tables detail the properties acquired for the periods set forth below:
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(in thousands) |
Six months ended June 30, 2025 |
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Date Purchased |
Property Name |
City/State |
Property
Type |
Regency's Ownership |
Purchase
Price (1) |
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Debt
Assumed,
Net of
Discounts (Premium) (1) |
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Intangible
Assets (1) |
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Intangible
Liabilities (1) |
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Consolidated |
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1/1/2025 |
Putnam Plaza (2) |
Carmel Hamlet, NY |
Operating |
100% |
$ |
31,000 |
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16,749 |
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4,308 |
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460 |
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1/10/2025 |
Orange Meadows |
Orange, CT |
Outparcel |
100% |
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4,200 |
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— |
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354 |
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299 |
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3/14/2025 |
Brentwood Place |
Nashville, TN |
Operating |
100% |
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118,500 |
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40,060 |
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9,371 |
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18,295 |
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Total consolidated |
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$ |
153,700 |
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56,809 |
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14,033 |
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19,054 |
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Unconsolidated |
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5/12/2025 |
Armonk Square |
Armonk, NY |
Operating |
20% |
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26,250 |
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11,884 |
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2,405 |
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5,498 |
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Total unconsolidated |
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$ |
26,250 |
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11,884 |
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2,405 |
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5,498 |
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Total property acquisitions |
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$ |
179,950 |
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68,693 |
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16,438 |
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24,552 |
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(1)Amounts for purchase price and allocation are reflected at 100%. (2)This property was held within a single property unconsolidated real estate partnership, in which the Company held a 66.7% ownership interest. Effective January 1, 2025, the Company purchased its partner's remaining 33.3% ownership interest. In July 2025, the Company completed a $357 million acquisition of five operating properties, all located in Orange County, California. The purchase price was funded through a combination of units of the Operating Partnership issued at $72 per unit, the assumption of $150 million of secured mortgage debt with a weighted average interest rate of 4.2% and an average remaining term of approximately 12 years, and $7 million in cash used to pay off an existing secured loan.
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(in thousands) |
Six months ended June 30, 2024 |
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Date Purchased |
Property Name |
City/State |
Property
Type |
Regency's Ownership |
Purchase
Price (1) |
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Debt
Assumed,
Net of
Discounts (Premium) (1) |
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Intangible
Assets (1) |
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Intangible
Liabilities (1) |
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2/23/2024 |
The Shops at Stone Bridge |
Cheshire, CT |
Development |
100% |
$ |
8,000 |
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— |
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— |
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— |
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5/3/2024 |
Compo Acres North shopping center |
Westport, CT |
Operating |
100% |
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45,500 |
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— |
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5,360 |
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2,175 |
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Total property acquisitions |
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$ |
53,500 |
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— |
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5,360 |
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2,175 |
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(1)Amounts for purchase price and allocation are reflected at 100%. |