"It's an excellent time to monetize our investments in an excellent company," Dan Whitney of GE's Real Estate Unit tells GlobeSt.com, adding that "the retail market is still very attractive to us."

Security Capital has agreed to sell 18,596,832 shares of Regency common stock in an underwritten secondary offering. The shares are being sold to the public at $32.56 per share. The underwriters have a 30-day over-allotment option to purchase an additional 2,789,524 shares in connection with the offering.

Security has also entered into private sale agreements with certain underwriters for 7.2 million shares of Regency common stock in connection with the concurrent offering by Citigroup Global Markets Holdings Inc. of SynDECSSM linked to shares of Regency common stock. The underwriters have a 30-day over-allotment option to purchase an additional 1,080,000 shares in connection with the SynDECSSM offering.