Regency Centers, Jacksonville, Fla., has expanded its joint venture with Macquarie Countrywide Trust of Australia with the addition of five new properties to the venture.Regency, a real estate investment trust, said it is contributing five shopping center grocery-anchored properties in Portland, Ore.; Atlanta, Ga.; Panama City, Fla.; Columbia, S.C.; and Birmingham, Ala. The total gross sale price was $55.3 million. Regency will retain a 25% interest in the properties and manage them on behalf of the venture. With the addition of these properties, the venture will own 20 shopping centers with a total investment of approximately $230 million, Regency said. The REIT can be found online at http://www.regencyrealty.com.
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