The company, which has spent the last few years building its portfolio largely through acquisition, has approximately $153 million in ground-up and redevelopment projects in the pipeline, and plans a consistent stream of new developments in coming years.
"This is where we see our growth in the coming years," said Chaim Katzman, chairman and CEO. "It's going to be a combination [of development and acquisition], but clearly we will see more development as a result of our quest to buy more land."
Equity One will close on at least two more land parcels in the next 90 days, and has added staff to focus on site selection and development.
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