USAA takes 80% stake in Regency portfolio

11/9/2009 | CoStar Group

The USAA Real Estate Co. has taken an 80% share in a portfolio of eight shopping centers owned by Regency Centers. Regency said it would generate $104 million in net proceeds from the deal. The grocery-anchored centers -- located in the markets of Los Angeles; San Francisco; Houston; Dallas; Atlanta; Orlando, Fla.; and Raleigh, N.C. -- have 153 tenants and are 94% leased.

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