Regency Centers Corporation announced the completion of its acquisition of a portfolio of five premier suburban shopping centers located in the Rancho Mission Viejo master-planned community in Orange County, California. The portfolio, which includes Bridgepark Plaza, Mercantile West, Mercantile East, Terrace Shops, and Sendero Marketplace, spans nearly 630,000 square feet. The transaction, valued at $357 million, was funded through a mix of operating partnership units, the assumption of $150 million in secured mortgage debt, and $7 million in cash. Regency Centers highlighted the strategic alignment of the acquisition with its capital allocation objectives and its potential to enhance Core Operating Earnings per share in 2025. The centers, noted for their robust line-up of needs-based tenants, are 97% leased, with strong community demographic trends supporting their performance.