The REIT also recently made two key executive appointments. In one, Howard M. Sipzner was appointed executive vice president. He will continue to serve as Equity One's chief financial officer. In the other, David W. Briggs was appointed vice president and treasurer. He also will continue as chief accounting officer of Equity One.

Equity One mainly acquires, renovates, develops and manages community and neighborhood shopping centers that are anchored by supermarket chains and other necessity retailers, including drug stores and discount retailers. The REIT has 185 properties with 20 million sf, mainly in metropolitan areas in the southern US, in its portfolio.

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