Regency Centers Corporation (NYSE: REG) is a Real estate investment trust (REIT) based in Jacksonville, Florida and one of the largest operators of grocery-anchored shopping centers. About 90 percent of its shopping centers are anchored by grocers ranking in the top three of their market. In 1963, the company was founded as Regency Square Properties by Martin and Joan Stein. Four years later, the company built Jacksonvilles first regional mall, Regency Square. Regency then expanded into Tampa, Florida in 1985, with the development of a community shopping center. Expansion continued into South Florida in 1992 with an acquisition that focused on development and acquiring retail assets. By 1993, the company went public with a $108 million initial offering, trading under the REG symbol. Regency Centers acquired Branch Properties in 1997; a Publix developer and leading owner of shopping centers in Atlanta, Georgia.