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Brixmor Property Group Names William L. Brown To Lead Redevelopment Efforts

Company Release - 7/17/2017 4:05 PM ET

NEW YORK, July 17, 2017 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today the appointment of William (Bill) L. Brown as Executive Vice President, Development and Redevelopment. Mr. Brown will have strategic and day-to-day responsibility for the Company's expanding redevelopment program, which is focused on reconfiguring and improving older, well-located shopping centers to better serve their local communities and deliver compelling returns. 

"With over 25 years of redevelopment and development experience, primarily in the shopping center space, Bill's expertise and oversight will help us accelerate the tremendous value-creation opportunities within our portfolio. His proven leadership and execution capabilities from project conception to completion are a strong addition to our best-in-class leasing, operating and construction teams," commented James Taylor, Chief Executive Officer and President.

Mr. Brown most recently served as Executive Vice President, Development for Equity One, Inc., where he built a $1 billion ten-year vertically integrated, multi-use redevelopment pipeline. From 2004 to 2015, he was a Regional Vice President, Development and former President - KDI for Kimco Realty Corporation, where he managed more than 50 development projects, including overseeing highest-and-best-use analysis, underwriting and the entitlement and governmental approvals processes. He also previously held senior real estate positions at Schnitzer Northwest, Inc. and Myers Development Company.

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ABOUT BRIXMOR PROPERTY GROUP
Brixmor Property Group, a real estate investment trust (REIT), is a leading owner and operator of high-quality, open-air shopping centers. The Company's more than 500 retail centers comprise 85 million square feet in established trade areas across the nation and are supported by a diverse mix of highly productive non-discretionary and value-oriented retailers, as well as consumer-oriented service providers. Brixmor is committed to maximizing the value of its portfolio by prioritizing investments, cultivating relationships and capitalizing on embedded growth opportunities through driving rents, increasing occupancy and pursuing value-enhancing reinvestment opportunities. Headquartered in New York City, Brixmor is a partner to more than 5,500 best-in-class national, regional and local tenants and is the largest landlord to The TJX Companies and The Kroger Company. 

SAFE HARBOR LANGUAGE
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  These statements include, but are not limited to, statements related to the Company's expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements.  You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2016, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

Brixmor Property Group Logo. (PRNewsFoto/Brixmor Property Group)

 

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SOURCE Brixmor Property Group Inc.