10/19/2011

Blackstone Group's Brixmor Property Group plans to invest $300 million over the next five years to redevelop retail properties. Brixmor changed its name from Centro Properties Group U.S. after it was acquired by Blackstone in a $9 billion transaction. Now Brixmor can focus on growth, says CEO Michael Carroll. "It is a very unique time here in our company, effectively a new day where we can change the name, leave that former legacy behind and really try to reset this company to achieve its operating goals and really take it to a place that we want to take it to."

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