Value proposition

We own, operate and develop award-winning retail environments and mixed-use neighborhoods in the nation’s top markets.

An S&P 500 real estate company founded in 1962.
Our mission is to deliver long-term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

A multifaceted business plan.

Fully Integrated
Founded in 1962, we are one of the oldest US REITs. We focus on the ownership, operation and development of high-quality retail properties—from grocery-anchored shopping centers to large-scale mixed-use neighborhoods.

Stability
Our properties are located in eight major markets characterized by their superior demographics, high barriers to entry, and significant demand. Our diversified portfolio is positioned to be the real estate of choice for the widest selection of tenants and uses.

Growth
The flexible nature of our portfolio lends itself to continual evolution through remerchandising and reinvestment that positions our assets for the future. Our developments are backed by 20+ years of proven experience creating live, work, play destinations.

Execution
With a proven history of delivering results and the longest record of annual dividend rate increases among US REITs, our business has been remarkably resilient even in the most adverse economic cycles and is well-positioned for long-term success.

Commercial Real Estate, Shopping Centers, Property Ownership, Property Management, Real Estate Investing, Real Estate Investment Trust, REIT, Mixed Use, Development, Redevelopment, Commercial Leasing, Landlord, Neighborhoods, and Sustainability