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Brixmor Property Group Earns High GRESB Rating In Company's First Full Year Of GRESB Disclosure

Company Release - 10/10/2018 4:05 PM ET

NEW YORK, Oct. 10, 2018 /PRNewswire/ -- Brixmor Property Group (NYSE: BRX) ("Brixmor" or the "Company") today announced it has been recognized by two leading organizations for its commitment to environmental, social and governance excellence.  

The Global Real Estate Sustainability Benchmark (GRESB) awarded Brixmor four out of five Green Stars for outstanding sustainability performance in the Company's first full year of ESG disclosure to investors via GRESB, versus two out of five Green Stars earned during the grace period last year. GRESB is the global standard for environmental, social and governance (ESG) benchmarking and reporting for real estate companies and investors.  GRESB's annual Real Estate Assessment evaluates performance against seven sustainability aspects through more than 50 performance indicators such as energy consumption, GHG emissions, water consumption and waste.  In addition to the "Green Star" designation, the Company scored over 90 points, out of 100, in four out of the seven categories.

In addition to the GRESB recognition, the Institute for Market Transformation (IMT) and the U.S. Department of Energy (USDOE) Better Buildings Alliance recently recognized Brixmor as a Green Lease Leader at the highest Gold level.  Furthermore, the Company's innovative work with sustainability-focused clauses in tenant leases is featured in an IMT case study. The Company's use of green lease provisions has facilitated the installation of financially viable solar developments while providing tenants below-market-rate electricity from these properties' renewable energy systems.  To read more, visit Green Lease Leaders: Using the Lease to Drive Innovation and Clean Energy.

"We believe in delivering sustainable business results through a relentless focus on the environmental, social and economic well-being of our company, our tenants, our properties and the communities we serve," said Daren Moss, vice president of operations and environmental management with Brixmor Property Group. "Recognition by leading organizations such as GRESB and USDOE validate the hard work by our team to operate at the highest standards in our portfolio nationwide."

To view Brixmor's integrated approach to sustainability, visit www.brixmor.com/about/sustainability

Brixmor Property Group
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 471 retail centers comprise approximately 80 million square feet of prime retail space in established trade areas.  The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers.  Brixmor is a proud real estate partner to more than 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets, Wal-Mart, Ross Stores and L.A. Fitness.

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, 2017, 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.