Our Vision
Our vision is to be the premier shopping center company through quality and excellence.
Our Mission
Regency Centers is a national developer, owner and operator of grocery-anchored and community shopping centers. Regency will be the industry leader through the highly-focused commitment of our talented employees to provide thriving shopping centers for the benefit of our retail customers, communities, investment partners and shareholders.
Our Values
We believe in quality service to our customers. The primary reason we are in business is to serve our customers. Our customers are the tenants in our shopping centers and investment partners. When we serve our customers well, success follows.
We believe that by using sound judgment and thorough diligence, combined with disciplined entrepreneurship, we can be the industry leader in a highly competitive and ever-changing market. Additionally, we seek to create value for our customers and partners through leading-edge operating systems and ongoing process improvements.
We believe the capital and trust that our shareholders have invested in our company are precious assets. We are committed to enhancing shareholder wealth.
We believe that our people are our most important resource. Our employees are key in providing customers with quality service, creating and executing industry-leading systems and in building shareholder value.
We believe in recruiting the best people for each position, compensating them well, fostering a dynamic and balanced work environment, and providing them the communication, tools and training to successfully perform and enjoy their work.
We believe in teamwork. Pooling the multifaceted talents of the team will produce results that are best for our customers and for the company.
We believe in unwavering standards of integrity and honesty. Since 1963, our company has enjoyed a reputation for maintaining the highest ethical principles.
We believe in being good stewards of our communities through developing and operating thriving and environmentally sustainable shopping centers and contributing to the betterment of our communities are in the best interest of our company and our people.
Adhering to these core principles and values fosters an environment and culture conducive to achieving Regency’s vision and goals.
Quality and Innovation
Quality is the underlying foundation for every Regency project. Our commitment is evident in the strength of our portfolio. Regency consistently delivers state-of-the-art shopping centers featuring best-in-class retailers in top markets with excellent demographics.
Through being innovative and entrepreneurial, we are the industry leader in a highly competitive and ever-changing market. Through leading-edge systems and ongoing process improvements, we create value for our customers and our partners. Today, Regency’s greengenuity™ program is at the forefront of responsible development.
- Regency is always moving forward, leveraging our expertise to provide the best centers in the best locations.
- Defensive portfolio: 82% of Regency's portfolio is grocery-anchored
In 2009, raised over $1 billion of capital. - Since 2000, Regency has developed 201 shopping centers, including those currently in-process, representing an investment at completion of nearly $3 billion.
- Regency has 18 offices located in top markets nationwide.
- In 2003, Regency celebrated their 40th year as a real estate company and 10th year as a public REIT.
- Regency placed over $454 million of mortgages in 2009.
- Regency's senior officers average over 30 years of experience.
- Regency was founded in 1963 by Martin & Joan Stein.
- Significant capacity available for mortgage financing with 80% unsecured assets, representing potential loan proceeds of $1.4 billion.
GREENGENUITY
We use the latest advances in green building design, construction, operations and maintenance to reduce the use of natural resources and increase efficiencies at our new developments and existing centers. Our program is flexible and responsive to retailer and community needs, as well as geographic factors.
- Energy efficient buildings reduce expenses and greenhouse gas emissions
- Water conservation reduces water use with “smart” irrigation equipment, drawing reclaimed water and high-efficiency plumbing fixtures
- Innovative storm water management minimizes run-off and improves water quality
- Sustainable building materials use high recycled content, low toxicity and local/regional materials
- Alternative energy supplements conventional fuels with clean and renewable alternatives
- Energy efficient buildings reduce expenses and greenhouse gas emissions
greengenuity = expertise
- Over 50% of Regency’s construction associates have received the LEED Accredited Professional (AP) credential.
- LEED certified 3 centers in CA, NV and PA. Currently 3 in-process developments and 11 additional future projects registered for LEED certification.
- Expects to exceed goal of LEED certifying 20% of new developments in 2008, and on target to achieve goals of 40% in 2009 and 60% in 2010.
- Regency is an active leader in key industry sustainability associations.
Smart Irrigation in 90 centers
96 million gallons of water expected to be saved annually
Following an initial pilot program, conventional timer irrigation controllers were replaced with "smart" controllers that use local weather data to automatically adjust the irrigation schedule. The controllers also adjust the water schedule based on individual landscape needs. Regency expects to save 96 million gallons of water per year and reduce CAM costs. The project will also minimize sewer overcharges, landscape replacement and maintenance costs that can result from over watering.