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Press Release

Brixmor Property Group Responds To Hurricane Harvey

- Reports Limited Damage -

- Launches Multi-Tier Relief Effort -

Company Release - 9/1/2017 1:26 PM ET

NEW YORK, Sept. 1, 2017 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today that of its 52 properties in the areas impacted by the storm in Texas and Louisiana, one property remains closed due to structural damage, while clean-up is underway at an additional seven properties which experienced water intrusion, minor wind-related damages or power outages.  The remaining 44 properties are open and operating.

As part of the Company's ongoing commitment to the communities it serves, Brixmor has launched a multi-tier relief effort across its organization, as well as in partnership with its national tenants.  These efforts include:

  • Partnering with the Houston Food Bank and providing a donation to cover over 50,000 meals for those most impacted by the storm;
  • Partnering with certain of its national tenants to provide essential supplies to residents affected in areas that its shopping centers serve, including personal care items, ice and school supplies; and
  • Partnering with the American Red Cross, offering use of several of the Company's shopping center parking lots for relief stations.

"We are thankful that our Houston employee base and their families are safe and appreciate their efforts and leadership in responding to this natural disaster.  We recognize this will be a long recovery and our thoughts and prayers are with those directly impacted.  For anyone interested in joining our efforts to support the Houston Food Bank, please click HERE," said James Taylor, Chief Executive Officer and President.

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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.