“I am deeply gratified for the opportunity to have worked with the best professionals in the business for so many years,” Stein said. “Regency’s people are the cornerstone of the company and help us live out our values each and every day. Lisa is the embodiment of those values and is devoted to Regency’s special culture.”

“Lisa has a deep understanding of the key aspects of our business, our strategy, and our vision to be the preeminent national shopping center owner, operator, and developer,” Stein continued. “She is highly respected in the capital markets, by those with whom she has worked within the shopping center industry, and, importantly, by fellow members of Regency’s wonderful team. I am extremely confident in Regency’s future in the talented hands of Lisa Palmer.”

C. Ronald Blankenship, lead director of Regency’s Board of Directors, said, “Hap has steadfastly led Regency Centers since its IPO over 25 years ago. The company’s well-conceived growth through several real estate cycles and the resulting impressive shareholder return is directly attributable to Hap’s far-sighted direction and consistent execution. The appointment of Lisa as Regency’s president and chief executive officer is the result of the board’s rigorous and well-constructed succession plan that has been a focus over the last several years. Lisa is an exceptional executive, and the board is excited about her leading Regency into the future.”

Palmer has been President of Regency since January 1, 2016, and chief financial officer since January 2013. She has also served as a director since 2018. She joined the company in 1996 and has served in various capacities including SVP of capital markets.

“I am honored to have the opportunity to lead Regency Centers,” said Palmer. “I am truly humbled by the confidence Hap and the Board of Directors have placed in me.”