Regency Centers is a publicly traded real estate investment trust that owns, operates, and develops open-air shopping centers in suburban markets across the United States. Founded in 1963 by Martin and Joan Stein as Regency Square Properties in Jacksonville, Florida, the company went public in 1993 and has grown into one of the largest shopping center REITs in the nation. Trading on NASDAQ under ticker symbol REG, Regency Centers is a member of the S&P 500 Index. The company focuses on grocery-anchored neighborhood and community shopping centers in affluent suburban trade areas. Regency operates over 470 properties totaling approximately 59 million square feet. More than 85% of Regency's properties feature grocery anchors, with grocers generating approximately 20% of annual base rent. Leading anchors include Kroger, Publix, Whole Foods, Trader Joe's, and Safeway. Regency pursues growth through acquisitions, ground-up development, and redevelopment projects. Major markets include Los Angeles, Orange County, San Diego, San Francisco, South Florida, Tampa, Jacksonville, Austin, Dallas, Houston, Atlanta, Boston, New York/New Jersey, and Washington, DC.