Brixmor Property Group is a publicly traded real estate investment trust (NYSE: BRX) founded in 2003 as Centro Watt, a joint venture between Australia's Centro Properties Group and U.S.-based Watt Commercial Realty. As of December 31, 2025, Brixmor owns 348 open-air shopping centers comprising approximately 62.7 million square feet across 29 U.S. states. The portfolio focuses on necessity-based, grocery-anchored and value-retailer-anchored neighborhood centers in established trade areas. The company operates centers anchored by grocers and value brands in high-traffic locations within 100-plus markets. Geographic concentration is in Florida (14.0% of revenues), Texas (11.9%), and California (11.7%). Recent strategic acquisitions include The Plaza at Buckland Hills, a 304,000-square-foot center in Manchester, Connecticut, and North Ridge Shopping Center, a 171,000-square-foot grocery-anchored center in north Raleigh, North Carolina, both completed in December 2024.