Form: 8-K

Current report



Exhibit 99.2




 
Brixmor Property Group
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
Table of Contents
 
 
 
 
 
 
 
 
 
Page
 
 
Glossary of Terms
 
1
 
 
Results Overview
 
6
 
 
Financial Summary
 
 
 
 
 
Consolidated Balance Sheets
 
8
 
 
 
Consolidated Statements of Operations
 
9
 
 
 
Consolidated Statements of Cash Flows
 
10
 
 
 
Reconciliation of Net Income (Loss) to EBITDA
 
11
 
 
 
Reconciliation of Net Income (Loss) to Funds From Operations
 
12
 
 
 
Supplemental Balance Sheet Detail
 
13
 
 
 
Net Operating Income Detail, Supplemental Statements of Operations Detail, Operating Ratios & Additional Disclosures
 
14
 
 
 
Same Property NOI Analysis & Reconciliation to Net Loss Attributable to Common Stockholders
 
15
 
 
 
Capital Expenditures
 
16
 
 
 
Capitalization, Liquidity & Debt Ratios
 
17
 
 
 
Pro Forma Debt Overview
 
18
 
 
 
Pro Forma Summary of Outstanding Debt
 
19
 
 
 
Unsecured Credit Facility Covenant Disclosure
 
22
 
 
 
Reconciliation of GAAP Balance Sheet to Pro Forma Balance Sheet
 
24
 
 
 
Reconciliation of GAAP Statements of Operations to Pro Forma Statements of Operations
 
25
 
 
Transaction Summary
 
 
 
 
 
Acquisitions
 
27
 
 
 
Dispositions
 
28
 
 
IPO Portfolio Summary
 
 
 
 
 
Portfolio Overview
 
30
 
 
 
Properties by State
 
31
 
 
 
Properties by Largest US MSAs
 
33
 
 
 
Largest MSAs by ABR
 
35
 
 
 
Top Forty Retailers Ranked by ABR
 
39
 
 
 
New & Renewal Lease Summary
 
41
 
 
 
Anchor Space Repositioning Summary
 
42
 
 
 
New Lease Net Effective Rent
 
44
 
 
 
Lease Expiration Schedule
 
45
 
 
 
Redevelopment Summary
 
46
 
 
 
Property List
 
47
 
 
Guidance
 
 
 
 
 
Guidance & Additional Disclosures
 
65
 
 
 
 
 
 
 
 
 
 
 
 
 
This presentation includes financial information for the Company’s actual results and the IPO portfolio on a pro forma basis giving effect to the company’s initial public offering completed on November 4, 2013. The company is also providing certain property related performance data for the IPO portfolio.
 
 
 
 
 
 
 
Note: Financial information is unaudited.
 
 
 
For additional information visit: www.brixmor.com.
 
 
 
 
 
 
 
 
 
This Supplemental Disclosure 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 our expectations regarding the performance of our business, our financial results, our 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 our prospectus dated October 29, 2013, filed with the SEC pursuant to Rule 424(b) of the Securities Act on October 31, 2013, 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 our filings with the SEC. We undertake 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
 
Supplemental Disclosure - Three Months Ended December 31, 2013
Glossary of Terms
 
 
Term
Definition
 
 
 
 
Acquired Properties
Includes 43 properties contributed to the portfolio by certain investment funds affiliated with The Blackstone Group L.P. in connection with the IPO
 
 
completed on November 4, 2013. The Acquired Properties were acquired in exchange for units in our Operating Partnership ("OP Units").
 
 
 
 
Anchor Spaces
Means space equal to or more than 10,000 sq. ft. of GLA.
 
 
 
 
Anchor Space Repositioning
Anchor leasing that is primarily focused on reconfiguring or remerchandising existing space with minimal work required outside of normal tenant
 
 
improvement costs.
 
 
 
 
Annualized Base Rent or "ABR"
As of a specified date means monthly base rent as of such date, under leases which have been signed or commenced as of the specified date multiplied
 
 
by 12. Annualized base rent (i) excludes tenant reimbursements or expenses borne by the tenants, such as the expenses for real estate taxes and
 
 
insurance and common area and other operating expenses, (ii) does not reflect amounts due per percentage rent lease terms, (iii) is calculated on a
 
 
cash basis and differs from how rent is calculated in accordance with GAAP for purposes of financial statements and (iv) does not include any ancillary
 
 
income at a property.
 
 
 
 
ABR per sq. ft. or "ABR/SF"
Is calculated as ABR divided by leased GLA, excluding ground leases.
 
 
 
 
Billed GLA
Includes leases for spaces where the tenant is currently paying rent.
 
 
 
 
Blended Lease Spreads
Means combined spreads for new and renewal leases (including exercised options) on comparable leases.
 
 
 
 
Capitalization Rate ("Cap Rate")
Net operating income divided by purchase price.
 
 
 
 
Community Shopping Center
Means a shopping center that meets the International Council of Shopping Centers’ (“ICSC”) definition of community center. ICSC generally defines a
 
 
community center as a shopping center with general merchandise or convenience-oriented merchandise. Although similar to a neighborhood center
 
 
(as defined below), a community shopping center offers a wider range of apparel and other soft goods than a neighborhood center. Community
 
 
centers range from 125,000 to 400,000 sq. ft. in GLA and are usually configured in a straight-line as a strip and are commonly anchored by discount
 
 
stores, supermarkets, drugstores and large specialty discount stores.
 
 
 
 
Comparable Leases
Include only those spaces that were occupied within the prior 12 months.
 
 
 
 
EBITDA & Adjusted EBITDA
Is calculated as the sum of net income (loss) in accordance with generally accepted accounting principles in the United States of America (“GAAP”)
 
 
before interest expense, income taxes, depreciation and amortization. Adjusted EBITDA represents EBITDA as adjusted for (i) acquisition related costs,
 
 
(ii) gain (loss) on disposition of operating properties, (iii) impairment of real estate assets and real estate equity investments, and (iv) gain (loss) on
 
 
disposition of unconsolidated joint ventures.
 
 
EBITDA and Adjusted EBITDA are supplemental, non-GAAP measures utilized in various financial ratios and are helpful to securities analysts, investors and
 
 
other interested parties in the evaluation of REITS, as a measure of Brixmor’s operational performance because EBITDA and Adjusted EBITDA exclude

Page 1



Brixmor Property Group
 
Supplemental Disclosure - Three Months Ended December 31, 2013
Glossary of Terms
 
 
Term
Definition
 
 
various items that do not relate to or are not indicative of its operating performance. In addition, it includes the results of operations of real estate
 
 
properties that have been sold or classified as real estate held for sale at the end of the reporting period. Accordingly, the use of EBITDA and Adjusted
 
 
EBITDA in various ratios provides a meaningful performance measure as it relates to its ability to meet various coverage tests for the stated period.
 
 
EBITDA and Adjusted EBITDA should not be considered as alternatives to net income (determined in accordance with GAAP) as indicators of financial
 
 
performance and are not alternatives to cash flow from operating activities (determined in accordance with GAAP) as a measure of liquidity. Non-GAAP
 
 
financial measures have limitations as they do not include all items of income and expense that affect operations, and accordingly, should always be
 
 
considered as supplemental to financial results presented in accordance with GAAP. Computation of EBITDA and Adjusted EBITDA may differ in certain
 
 
respects from the methodology utilized by other REITS and, therefore, may not be comparable to such other REITS. Investors are cautioned that items
 
 
excluded from EBITDA and Adjusted EBITDA are significant components in understanding and addressing financial performance.
 
 
 
 
Excluded Properties
Includes 47 properties distributed to certain investment funds affiliated with the Blackstone Group L.P. in connection with the IPO completed on November 4, 2013 or sold.
 
 
 
 
Financial Liabilities
Represents certain fixed obligations including capital leases.
 
 
 
 
Funds From Operations (“FFO") &
Is calculated as the sum of net income (loss) in accordance with GAAP excluding (i) gain (loss) on disposition of operating properties, and (ii) extraordinary
 
FFO As Adjusted
items, plus (iii) depreciation and amortization of operating properties, (iv) impairment of operating properties and real estate equity investments, and
 
 
(v) after adjustments for joint ventures calculated to reflect funds from operations on the same basis. FFO as Adjusted represents FFO excluding certain
 
 
transactional income and expenses, impairments of land parcels and non-operating gains which management believes are not reflective of results within the operating
 
 
real estate portfolio.
 
 
FFO is a supplemental, non-GAAP measure utilized to evaluate the operating performance of real estate companies. It is frequently used by securities
 
 
analysts, investors and other interested parties in the evaluation of REITS. Brixmor presents FFO as adjusted as an additional supplemental measure as it is
 
 
more reflective of core operating performance. FFO as adjusted provides securities analysts, investors and other interested parties an additional measure
 
 
in comparing Brixmor's performance across reporting periods on a consistent basis by excluding items that are not indicative of core operating
 
 
performance. FFO and FFO as adjusted should not be considered as alternatives to net income (determined in accordance with GAAP) as indicators of
 
 
financial performance and are not alternatives to cash flow from operating activities (determined in accordance with GAAP) as a measure of liquidity.
 
 
Non-GAAP financial measures have limitations as they do not include all items of income and expense that affect operations, and accordingly, should
 
 
always be considered as supplemental to financial results presented in accordance with GAAP. Computation of FFO and FFO as adjusted may differ in
 
 
certain respects from the methodology utilized by other REITS and, therefore, may not be comparable to such other REITS. Investors are cautioned that
 
 
items excluded from FFO and FFO as adjusted are significant components in understanding and addressing financial performance.
 
 
 
 
Gross Leasable Area or "GLA"
Represents the total amount of property square footage that can generate income by being leased to tenants.
 
 
 
 
Ground Lease
A long-term lease of land in which the tenant erects improvements at its own expense. At the end of the lease term, the improvements become the
 
 
property of the landowner.
 
 
 
 
IPO Portfolio
Includes all properties owned as of the completion of the IPO on November 4, 2013. This portfolio includes the Acquired Properties and excludes the
 
 
Excluded Properties.
 
 
 

Page 2



Brixmor Property Group
 
Supplemental Disclosure - Three Months Ended December 31, 2013
Glossary of Terms
 
 
Term
Definition
 
Leased GLA
Includes the aggregate GLA of all leases in effect on a given date, including those that are fully executed but as to which the tenant has not yet opened
 
 
for business and/or not yet commenced the payment of rent.
 
 
 
 
LIBOR
Means London Interbank Offered Rate.
 
 
 
 
Metropolitan Statistical Area or "MSA"
Is defined by the United States Office of Management and Budget (“OMB”) as a region associated with at least one urbanized area that has a
 
 
population of at least 50,000 and comprises the central county or counties containing the core, plus adjacent outlying counties having a high degree of
 
 
social and economic integration with the central county or counties as measured through commuting.
 
 
 
 
Neighborhood Shopping Center
Means a shopping center that meets ICSC’s definition of neighborhood center. ICSC generally defines a neighborhood center as a shopping center with
 
 
offerings that are convenience-oriented. Neighborhood centers range from 30,000 to 125,000 sq. ft. in GLA and are generally anchored by a
 
 
supermarket.
 
 
 
 
Net Effective Rent
Adjusts for any tenant incentive / allowance, landlord work, third party leasing commissions and rent concessions at 100% of costs, weighted by GLA over the
 
 
lease term.
 
 
 
 
Net Operating Income or "NOI"
Is calculated as total property revenues (minimum rent, percentage rents, and recoveries from tenants and other income) less direct property operating
 
 
expenses (operating and maintenance and real estate taxes) from the properties owned by Brixmor. NOI excludes corporate level income (including
 
 
management, transaction, and other fees).
 
 
NOI is a supplemental, non-GAAP measure utilized to evaluate the operating performance of real estate companies and is frequently used by securities
 
 
analysts, investors and other interested parties in understanding business and operating results regarding the underlying economics of Brixmor's business
 
 
operations. NOI is not intended to be a performance measure that should be regarded as an alternative to, or more meaningful than, net income
 
 
(determined in accordance with GAAP) or other GAAP financial measures. Non-GAAP financial measures have limitations as they do not include all items
 
 
of income and expense that affect operations, and accordingly, should always be considered as supplemental to financial results presented in accordance
 
 
with GAAP. Computation of NOI may differ in certain respects from the methodology utilized by other REITs and, therefore, may not be comparable to
 
 
such other REITs.
 
 
 
 
NOI Yield
Is calculated as projected NOI over incremental cost of a given anchor space repositioning / redevelopment project.
 
 
 
 
Non-controlling Interests
The non-controlling interests relate to portions of consolidated subsidiaries held by the non-controlling interest holders. The Company's material
 
 
subsidiaries include a corporation, BPG Subsidiary Inc. (“BPG Sub”), and the Brixmor Operating Partnership. As of December 31, 2013, the Company
 
 
owns 79.68% of BPG Sub and is entitled to receive 79.68% of all net income and gains before depreciation. The remaining 20.32% is held by Blackstone
 
 
Retail Transaction II Holdco L.P. (“Holdco II”) an affiliate of BREP VI and management of the Company. As of December 31, 2013, BPG Sub owns 94.75%
 
 
of the OP. The remaining 5.25% is held by certain investment funds affiliated with the Blackstone Group L.P. and management of the Company. As of
 
 
December 31, 2013 the Company owns 75.5% of BPG Sub and the Brixmor Operating Partnership on a combined basis.
 
 
 
 
Non-owned Major Tenant
Also called shadow anchor. Includes tenants that are situated on parcels which are owned by unrelated third parties, but, due to their location within
 
 
or immediately adjacent to shopping center, to the consumer appear as another retail tenant of the shopping center and, as a result, attract additional
 
 
customer traffic to the center.

Page 3



Brixmor Property Group
 
Supplemental Disclosure - Three Months Ended December 31, 2013
Glossary of Terms
 
 
Term
Definition
 
 
 
 
Percent Leased
Refers to the percentage of GLA that is leased, includes lease agreements that have been signed but not yet commenced.
 
 
 
 
Pro Forma
Reflects the impact of the following transactions associated with the IPO including (i) the contribution of the Acquired Properties (ii) the distribution of
 
 
the Excluded Properties (iii) the acquisition of the interest not already held in Arapahoe Crossings L.P. (iv) borrowings under the Unsecured Credit
 
 
Facility, including the use thereof and (v) the net proceeds from the IPO, including the use thereof. The pro forma adjustments associated with these
 
 
transactions assume that each transaction was completed as of December 31, 2013 for the purposes of the unaudited pro forma consolidated balance
 
 
sheet and as of January 1, 2013 for the purposes of the unaudited pro forma consolidated statement of operations.
 
 
 
 
PSF
Means per square foot ("sq. ft.") of GLA.
 
 
 
 
Redevelopment Properties
Larger scale projects that typically involve substantial demolition of a portion of the shopping center to accommodate new retailers. These projects
 
 
typically are accompanied with new construction and site infrastructure costs.
 
 
 
 
Renewal Leases
Includes expiring leases renewed with the same tenant or the exercise of options by tenants to extend the term of expiring leases. All other leases are
 
 
categorized as new.
 
 
 
 
Rent Growth
Is calculated as ABR in the final year of the lease compared to ABR in the first year of the new lease. New lease spreads include only those spaces that were
 
 
occupied within the prior 12 months. Renewal and option lease spreads include leases rolling over with the same tenant in the same location. Data includes
 
 
all leases in effect, including those that are fully executed, but not yet open.
 
 
 
 
Same Property Net Operating Income
Is calculated (using properties owned as of the end of both reporting periods and for the entirety of both periods excluding properties classified as
 
or Same Property NOI
discontinued operations), as rental income (minimum rent, percentage rents, tenant recoveries and other property income) less rental operating
 
 
expenses (property operating expenses, real estate taxes and bad debt expense) of the properties owned by Brixmor. Same property NOI excludes
 
 
corporate level income (including transaction and other fees), lease termination income, straight-line rent and amortization of above- and below-market
 
 
leases of the same property pool from the prior year reporting period to the current year reporting period.
 
 
Same property NOI is a supplemental, non-GAAP financial measure utilized to evaluate the operating performance of real estate companies and is
 
 
frequently used by securities analysts, investors and other interested parties in understanding business and operating results regarding the underlying
 
 
economics of Brixmor's business operations. It includes only the net operating income of properties owned for the full period presented, which eliminates
 
 
disparities in net income due to the acquisition or disposition of properties during the period presented, and therefore, provides a more consistent metric
 
 
for comparing the performance of properties. Management uses same property NOI to review operating results for comparative purposes with respect to
 
 
previous periods or forecasts, and also to evaluate future prospects. Same property NOI is not intended to be a performance measure that should be
 
 
regarded as an alternative to, or more meaningful than, net income (determined in accordance with GAAP) or other GAAP financial measures. Non-GAAP
 
 
financial measures have limitations as they do not include all items of income and expense that affect operations, and accordingly, should always be
 
 
considered as supplemental to financial results presented in accordance with GAAP. Computation of same property NOI may differ in certain respects
 
 
from the methodology utilized by other REITs and, therefore, may not be comparable to such other REITs.
 
 
 
 
Small Shop Spaces
Means space of less than 10,000 sq. ft. of GLA.
 
 
 

Page 4



Brixmor Property Group
 
Supplemental Disclosure - Three Months Ended December 31, 2013
Glossary of Terms
 
 
Term
Definition
 
Straight-line Rent
GAAP requirement to average the tenant's rent payments over the life of the lease, regardless of actual cash collected in the period.
 
 
 
 
Year Built
Year of most recent anchor space repositioning / redevelopment or year built if no redevelopment has occurred.
 
 
 


Page 5



Brixmor Property Group
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
Results Overview (Unaudited, dollars in thousands except per share and per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pro Forma
 
Actual Results
 
Summary Financial Results
 
Three Months Ended 12/31/13
 
Twelve Months Ended 12/31/13
 
Three Months Ended 12/31/13
 
Twelve Months Ended 12/31/13
 
 
Total revenues (page 9)
 
$
304,805

 
$
1,206,963

 
$
312,027

 
$
1,174,697

 
 
Net income (loss) attributable to common stockholders (page 9)
 
$
15,944

 
$
27,832

 
$
(12,099
)
 
$
(93,696
)
 
 
Net income (loss) attributable to common stockholders - per diluted share (page 9)
 
$
0.07

 
$
0.12

 
$
(0.06
)
 
$
(0.5
)
 
 
Adjusted EBITDA (page 11)
 
$
207,845

 
$
814,390

 
$
173,834

 
$
725,946

 
 
Funds from operations (FFO) (page 12)
 
$
134,045

 
$
510,728

 
$
96,622

 
$
364,915

 
 
FFO as adjusted (page 12)
 
$
134,045

 
$
510,197

 
$
96,622

 
$
365,763

 
 
FFO per share/OP Unit - diluted (page 12)
 
$
0.44

 
$
1.68

 
$
0.34

 
$
1.45

 
 
FFO as adjusted per share/OP Unit - diluted (page 12)
 
$
0.44

 
$
1.68

 
$
0.34

 
$
1.45

 
 
Annualized dividends declared per share/ OP Unit (page 12)
 
$
0.20

 
$
0.80

 
$
—

 
$
—

 
 
Share/OP Unit dividend payout ratio (as % of FFO) (page 12)
 
45.4
%
 
47.7
%
 
—

 
—

 
 
Net operating income (NOI) (page 14)
 
$
225,059

 
$
891,052

 
$
224,805

 
$
857,345

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months
 
Three Months
 
 
 
 
 
Summary Operating and Financial Ratios
 
Ended 12/31/13
 
Ended 9/30/13
 
 
 
 
 
 
NOI margin (page 14)
 
74.0
%
 
74.5
%
 
 
 
 
 
 
Same property NOI (page 15) (1)
 
3.9
%
 
3.5
%
 
 
 
 
 
 
Fixed charge coverage (page 17)
 
2.6x

 
2.4x

 
 
 
 
 
 
Net principal debt to adjusted EBITDA (GAAP) (page 17)
 
7.1x

 
7.1x

 
 
 
 
 
 
Net principal debt to adjusted EBITDA (cash) (page 17)
 
7.7x

 
7.9x

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Summary Portfolio Statistics
 
At 12/31/13
 
At 9/30/13
 
 
 
 
Number of properties (page 30)
 
522

 
522

 
 
 
 
 
 
GLA (page 30)
 
86,806,352

 
86,796,116

 
 
 
 
 
 
Percent leased (page 30)
 
92.4
%
 
92.1
%
 
 
 
 
 
 
Percent billed (page 30)
 
90.7
%
 
90.2
%
 
 
 
 
 
 
ABR / SF (page 30)
 
$
11.93

 
$
11.87

 
 
 
 
 
 
Total rent spread (page 41)
 
11
%
 
11.5
%
 
 
 
 
 
 
New lease rent spread (page 41)
 
24.8
%
 
50.9
%
 
 
 
 
 
 
Renewal lease rent spread (page 41)
 
8.5
%
 
7.6
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Excludes Acquired Properties and Excluded Properties. Includes joint venture, Montecito Marketplace at pro rata share.
 
 
 
 



Page 6





 
 
 
 
 
 
 
 
Financial Summary

Supplemental Disclosure
Three Months Ended December 31, 2013
 





Brixmor Property Group
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
Consolidated Balance Sheets (Unaudited, dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pro Forma
 
Actual Results
 
 
 
 
 
12/31/13
 
12/31/13
 
12/31/12
 
Assets
 
 
 
 
 
 
 
 
 
Real estate
 
 
 
 
 
 
 
 
Land
$
1,989,160

 
$
2,055,802

 
$
1,915,667

 
 
 
Buildings and improvements
8,654,899

 
8,781,926

 
7,978,759

 
 
 
 
 
10,644,059

 
10,837,728

 
9,894,426

 
 
 
Accumulated depreciation and amortization
(1,160,478
)
 
(1,190,170
)
 
(796,296
)
 
 
Real estate, net
9,483,581

 
9,647,558

 
9,098,130

 
 
Investments in and advances to unconsolidated joint ventures
5,171

 
9,205

 
16,038

 
 
Cash and cash equivalents
95,332

 
113,915

 
103,098

 
 
Restricted cash
74,847

 
75,457

 
90,160

 
 
Marketable securities
22,104

 
22,104

 
24,883

 
 
Receivables, net
175,584

 
178,505

 
156,944

 
 
Deferred charges and prepaid expenses, net
103,237

 
105,522

 
95,118

 
 
Other assets
14,043

 
19,650

 
19,358

 
Total assets
$
9,973,899

 
$
10,171,916

 
$
9,603,729

 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Debt obligations, net
$
5,965,307

 
5,981,289

 
$
6,499,356

 
 
Financing liabilities, net
175,111

 
175,111

 
174,440

 
 
Accounts payable, accrued expenses and other liabilities
701,495

 
709,529

 
632,112

 
Total liabilities
6,841,913

 
6,865,929

 
7,305,908

 
 
 
 
 
 
 
 
 
 
 
Redeemable non-controlling interests
21,467

 
21,467

 
21,467

 
Commitments and contingencies
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
Equity
 
 
 
 
 
 
 
 
 
Preferred stock, $0.01 par value, authorized 300,000,000 shares,
 
 
 
 
 
 
 
 
0 and 125 shares outstanding
—

 
—

 
—

 
 
Common stock, $0.01 par value, authorized 3,000,000,000 shares,
 
 
 
 
 
 
 
 
229,689,960 and 182,242,460 shares outstanding
2,297

 
2,297

 
1,822

 
 
Additional paid in capital
2,543,690

 
2,543,690

 
1,746,271

 
 
Accumulated other comprehensive loss
(6,812
)
 
(6,812
)
 
(39
)
 
 
Distributions in excess of accumulated loss
(196,707
)
 
(196,707
)
 
(26,559
)
 
Total stockholders' equity
2,342,468

 
2,342,468

 
1,721,495

 
 
Non-controlling interests
768,051

 
942,052

 
554,859

 
Total equity
3,110,519

 
3,284,520

 
2,276,354

 
Total liabilities and equity
$
9,973,899

 
$
10,171,916

 
$
9,603,729



Page 8



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
Consolidated Statements of Operations (Unaudited, dollars in thousands, except per share amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pro Forma
 
Actual Results
 
 
 
 
 
Three Months
 
Twelve Months
 
Three Months Ended
 
Twelve Months Ended
 
 
 
 
 
Ended 12/31/13
 
Ended 12/31/13
 
12/31/13
 
12/31/12
 
12/31/13
 
12/31/12
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Rental income
$
238,487

 
$
940,669

 
$
238,963

 
$
222,019

 
$
908,854

 
$
874,325

 
 
Expense reimbursements
64,343

 
256,119

 
64,820

 
60,593

 
249,265

 
233,489

 
 
Other revenues
1,975

 
10,175

 
8,244

 
2,737

 
16,578

 
11,358

 
Total revenues
304,805

 
1,206,963

 
312,027

 
285,349

 
1,174,697

 
1,119,172

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs
31,748

 
125,072

 
32,227

 
33,073

 
121,262

 
123,503

 
 
Real estate taxes
44,416

 
175,902

 
45,163

 
41,063

 
174,634

 
161,681

 
 
Depreciation and amortization
113,397

 
475,682

 
111,887

 
120,973

 
447,915

 
502,231

 
 
Provision for doubtful accounts
3,015

 
11,314

 
3,105

 
2,961

 
11,687

 
11,766

 
 
Impairment of real estate assets
—

 
1,531

 
—

 
—

 
23,534

 
—

 
 
Acquisition related costs
—

 
—

 
—

 
162

 
—

 
541

 
 
General and administrative
18,427

 
81,211

 
55,396

 
19,313

 
121,093

 
88,843

 
Total operating expenses
211,003

 
870,712

 
247,778

 
217,545

 
900,125

 
888,565

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other income (expense)
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividends and interest
205

 
841

 
204

 
275

 
832

 
1,138

 
 
Interest expense
(72,569
)
 
(296,735
)
 
(72,739
)
 
(94,560
)
 
(347,996
)
 
(383,715
)
 
 
Gain on sale of real estate assets and acquisition of joint venture interest
—

 
2,062

 
—

 
451

 
2,223

 
501

 
 
Other
 
(143
)
 
(5,298
)
 
(5,509
)
 
(747
)
 
(31,626
)
 
(503
)
 
Total other income (expense)
(72,507
)
 
(299,130
)
 
(78,044
)
 
(94,581
)
 
 (376,567)

 
(382,579
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before equity in income of unconsolidated joint ventures
21,295

 
37,121

 
(13,795
)
 
(26,777
)
 
(101,995
)
 
(151,972
)
 
Equity in income of unconsolidated joint ventures
161

 
1,098

 
166

 
1

 
1,167

 
687

 
Impairment of investment in unconsolidated joint ventures
—

 
—

 
—

 
(314
)
 
—

 
(314
)
 
Income (loss) from continuing operations
21,456

 
38,219

 
(13,629
)
 
(27,090
)
 
(100,828
)
 
(151,599
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discontinued operations
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from discontinued operations
—

 
—

 
2,628

 
317

 
1,672

 
(884
)
 
 
Gain on disposition of operating properties
—

 
—

 
761

 
825

 
3,392

 
5,369

 
 
Impairment on real estate held for sale
—

 
—

 
(1,799
)
 
(3,053
)
 
(23,119
)
 
(13,599
)
 
Income (loss) from discontinued operations
—

 
—

 
1,590

 
(1,911
)
 
(18,055
)
 
(9,114
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
21,456

 
38,219

 
(12,039
)
 
(29,001
)
 
(118,883
)
 
(160,713
)
 
Non-controlling interests
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (income) loss attributable to non-controlling interests
(5,512
)
 
(10,387
)
 
102

 
6,812

 
25,349

 
38,146

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) attributable to Brixmor Property Group Inc.
15,944

 
27,832

 
(11,937
)
 
(22,189
)
 
(93,534
)
 
(122,567
)
 
Preferred stock dividends
—

 
—

 
(162
)
 
(296
)
 
(162
)
 
(296
)
 
Net income (loss) attributable to common stockholders
$
15,944

 
$
27,832

 
$
(12,099
)
 
$
(22,485
)
 
$
(93,696
)
 
$
(122,863
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
0.07

 
$
0.12

 
$
(0.06
)
 
$
(0.12
)
 
$
(0.42
)
 
$
(0.64
)
 
 
 
Diluted
$
0.07

 
$
0.12

 
$
(0.06
)
 
$
(0.12
)
 
$
(0.42
)
 
$
(0.64
)
 
 
Net income (loss) attributable to common stockholders:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
0.07

 
$
0.12

 
$
(0.06
)
 
$
(0.12
)
 
$
(0.50
)
 
$
(0.68
)
 
 
 
Diluted
$
0.07

 
$
0.12

 
$
(0.06
)
 
$
(0.12
)
 
$
(0.50
)
 
$
(0.68
)
 
 
Weighted average number of vested common shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
outstanding- basic and diluted: (1)
         228,113

 
         228,113

 
213,675

 
180,675

 
188,993

 
180,675

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Excludes convertible units of partnership interest in Brixmor Operating Partnership LP (“OP Units”), convertible shares of the Company’s majority owned subsidiary, BPG Subsidiary Inc. (“BPG Subsidiary”) and unvested restricted stock awards as their impact would either have no effect on the per share amounts or would be anti-dilutive.

Page 9



Brixmor Property Group
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
Consolidated Statements of Cash Flows (Unaudited, dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Actual Results
 
 
 
 
 
Twelve Months Ended
 
 
 
 
 
12/31/13
 
12/31/12
 
 
 
 
 
 
 
 
 
Operating activities:
 
 
 
 
Net loss
 
$
(118,883
)
 
$
(160,713
)
 
Adjustments to reconcile net loss to net cash provided by operating activities:
 
 
 
 
 
Depreciation and amortization
450,279

 
510,435

 
 
Debt premium and discount amortization
(20,973
)
 
(25,314
)
 
 
Deferred financing cost amortization
10,831

 
10,272

 
 
Above- and below-market lease intangible amortization
(51,379
)
 
(50,881
)
 
 
Provisions of impairment
46,653

 
13,913

 
 
Gain on sales of real estate assets and acquisition of joint venture interest
(5,615
)
 
(5,870
)
 
 
Amortization of class B units
36,395

 
6,420

 
 
Other
 
(1,165
)
 
(687
)
 
 
Loss on debt extinguishment, net
16,498

 
—

 
Changes in operating assets and liabilities:
 
 
 
 
 
Restricted cash
5,562

 
(8,144
)
 
 
Receivables
(17,055
)
 
(11,793
)
 
 
Deferred charges and prepaid expenses
(22,826
)
 
(24,422
)
 
 
Other assets
2,901

 
(2,692
)
 
 
Accounts payable, accrued expenses and other liabilities
767

 
18,323

 
Net cash provided by operating activities
331,990

 
268,847

 
 
 
 
 
 
 
 
 
Investing activities:
 
 
 
 
 
Building improvements
(150,461
)
 
(177,213
)
 
 
Acquisitions of real estate assets, net of cash acquired
(6,377
)
 
(6,000
)
 
 
Proceeds from sales of real estate assets
58,994

 
50,609

 
 
Distributions from unconsolidated joint ventures
593

 
1,640

 
 
Contributions to unconsolidated joint ventures
(25
)
 
(1,496
)
 
 
Change in restricted cash attributable to investing activities
8,108

 
16,266

 
 
Purchase of marketable securities
(12,737
)
 
(22,116
)
 
 
Proceeds from sales of marketable securities
15,538

 
19,608

 
Net cash used in investing activities
(86,367
)
 
(118,702
)
 
 
 
 
 
 
 
 
 
Financing activities:
 
 
 
 
 
Repayment of debt obligations and financing liabilities
(2,702,931
)
 
(530,342
)
 
 
Proceeds from debt obligations
57,000

 
360,000

 
 
Repayment of borrowings under unsecured revolving credit facility
(914,108
)
 
—

 
 
Proceeds from borrowings under unsecured credit facility
2,534,286

 
—

 
 
Deferred financing costs
(27,529
)
 
(7,256
)
 
 
Proceeds from issuance of common stock
893,860

 
—

 
 
Redemption of preferred stock
(1,250
)
 
—

 
 
Common and preferred stock dividends
(47,442
)
 
(19,209
)
 
 
Distributions to non-controlling interests and other
(26,692
)
 
(7,846
)
 
Net cash used in financing activities
(234,806
)
 
(204,653
)
 
Change in cash and cash equivalents
10,817

 
(54,508
)
 
Cash and cash equivalents at beginning of period
103,098

 
157,606

 
 
 
 
 
 
 
 
 
Cash and cash equivalents at end of period
$
113,915

 
$
103,098

 
 
 
 
 
 
 
 
 
Supplemental cash flow information, including non-cash investing and/or financing activities:
 
 
 
 
 
Cash paid for interest, net of amount capitalized
$
343,771

 
$
388,320

 
 
State and local taxes paid
2,013

 
2,754

 
 
Capitalized interest
4,968

 
1,661

 
 
Fair value of Operating Partnership units issued for acquisition of real estate assets
317,556

 
—



Page 10



Brixmor Property Group
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
Reconciliation of Net Income (Loss) to EBITDA (Unaudited, dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pro Forma
 
Actual Results
 
 
 
 
 
Three Months
 
Twelve Months
 
Three Months
 
Twelve Months
 
 
 
 
 
Ended 12/31/13
 
Ended 12/31/13
 
Ended 12/31/13
 
Ended 12/31/13
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
$
21,456

 
$
38,219

 
$
(12,039
)
 
$
(118,883
)
 
 
Interest expense - continuing operations
72,569

 
296,735

 
72,739

 
347,996

 
 
Interest expense - discontinued operations
—

 
—

 
131

 
1,879

 
 
Interest expense - unconsolidated joint ventures
44

 
577

 
62

 
651

 
 
Federal and state taxes
358

 
3,526

 
—

 
2,851

 
 
Depreciation and amortization - continuing operations
113,397

 
475,682

 
111,887

 
447,915

 
 
Depreciation and amortization - discontinued operations
—

 
—

 
3

 
2,319

 
 
Depreciation and amortization - unconsolidated joint ventures
21

 
182

 
13

 
180

 
EBITDA
 
207,845

 
814,921

 
172,796

 
684,908

 
 
Straight-line rent
(5,426
)
 
(19,794
)
 
(5,090
)
 
(16,975
)
 
 
Above- and below-market rent amortization
(12,376
)
 
(52,431
)
 
(12,329
)
 
(51,379
)
 
 
Total adjustments
(17,802
)
 
(72,225
)
 
(17,419
)
 
(68,354
)
 
Cash EBITDA
$
190,043

 
$
742,696

 
$
155,377

 
$
616,554

 
 
 
 
 
 
 
 
 
 
 
 
 
EBITDA
 
207,845

 
814,921

 
172,796

 
684,908

 
 
Gain on disposition of operating properties
—

 
—

 
(761
)
 
(3,392
)
 
 
Gain from land sales and acquisition of joint venture interest
—

 
(2,062
)
 
—

 
(2,223
)
 
 
Impairment on operating properties and land sales
—

 
1,531

 
—

 
23,534

 
 
Impairment on real estate held for sale
—

 
—

 
1,799

 
23,119

 
 
Total adjustments
—

 
(531
)
 
1,038

 
41,038

 
Adjusted EBITDA
$
207,845

 
$
814,390

 
$
173,834

 
$
725,946

 
 
Straight-line rent
(5,426
)
 
(19,794
)
 
(5,090
)
 
(16,975
)
 
 
Above- and below-market rent amortization
(12,376
)
 
(52,431
)
 
(12,329
)
 
(51,379
)
 
 
Total adjustments
(17,802
)
 
(72,225
)
 
(17,419
)
 
(68,354
)
 
Cash Adjusted EBITDA
$
190,043

 
$
742,165

 
$
156,415

 
$
657,592

 
 
 
 
 
 
 
 
 
 
 
 


Page 11



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
Reconciliation of Net Income (Loss) to Funds From Operations (Unaudited, dollars in thousands, except per share amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pro Forma
 
Actual Results
 
 
 
 
 
Three Months
 
Twelve Months
 
Three Months Ended
 
Twelve Months Ended
 
 
 
 
 
Ended 12/31/13
 
Ended 12/31/13
 
12/31/13
 
12/31/12
 
12/31/13
 
12/31/12
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
$
21,456

 
$
38,219

 
$
(12,039
)
 
$
(29,001
)
 
$
(118,883
)
 
$
(160,713
)
 
 
Gain on disposition of operating properties
—

 
—

 
(761
)
 
(825
)
 
(3,392
)
 
(5,369
)
 
 
Gain on disposition of unconsolidated joint venture operating properties
—

 
—

 
—

 
(119
)
 
—

 
(24
)
 
 
Depreciation and amortization- real estate related- continuing operations
112,905

 
473,682

 
111,395

 
120,359

 
445,915

 
499,478

 
 
Depreciation and amortization- real estate related- discontinued operations
—

 
—

 
3

 
1,516

 
2,319

 
8,204

 
 
Depreciation and amortization- real estate related- unconsolidated joint ventures
21

 
182

 
13

 
123

 
180

 
817

 
 
Impairment of operating properties
—

 
—

 
1,799

 
3,053

 
43,582

 
13,599

 
 
Impairment of unconsolidated joint ventures
—

 
—

 
—

 
314

 
—

 
314

 
 
Net loss attributable to non-controlling interests not convertible into common stock
(337
)
 
(1,355
)
 
(3,788
)
 
(328
)
 
(4,806
)
 
(1,306
)
 
FFO
 
 
$
134,045

 
$
510,728

 
$
96,622

 
$
95,092

 
$
364,915

 
$
355,000

 
 
Gains from land sales and acquisition of joint venture interest
—

 
(2,062
)
 
—

 
(451
)
 
(2,223
)
 
(501
)
 
 
Impairment of development/land parcels
—

 
1,531

 
—

 
—

 
3,071

 
—

 
 
Acquisition related costs
—

 
—

 
—

 
162

 
—

 
541

 
 
Total adjustments
—

 
(531
)
 
—

 
(289
)
 
848

 
40

 
FFO as adjusted
$
134,045

 
$
510,197

 
$
96,622

 
$
94,803

 
$
365,763

 
$
355,040

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FFO per share/OP Unit - diluted
$
0.44

 
$
1.68

 
$
0.34

 
$
0.39

 
$
1.45

 
$
1.47

 
FFO as adjusted per share/OP Unit - diluted
$
0.44

 
$
1.68

 
$
0.34

 
$
0.39

 
$
1.45

 
$
1.47

 
Weighted average shares/OP Units outstanding - basic and diluted (1)
304,231

 
304,231

 
284,958

 
240,905

 
252,009

 
240,905

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Annualized dividends declared per share/OP Unit (2)
$
0.20

 
$
0.80

 
 
 
 
 
 
 
 
 
Annualized shares/OP Unit dividends declared
$
60,846

 
$
243,385

 
 
 
 
 
 
 
 
 
Share/OP Unit dividend payout ratio (as % of FFO)
45.4%

 
47.7%

 
 
 
 
 
 
 
 
 
Share/OP Unit dividend payout ratio (as % of FFO as adjusted)
45.4%

 
47.7%

 
 
 
 
 
 
 
 
 
 
 
 
 
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Basic and diluted shares/OP Units outstanding reflects an assumed conversion of certain BPG Subsidiary shares and OP Units to common stock of the Company and the vesting of certain restricted stock awards.
(2) The Company's Board of Directors declared an initial quarterly cash dividend of $0.20 per common share (equivalent to $0.80 per annum). The dividend was pro-rated to $0.127 per common share to reflect the period commencing on November 4, 2013, the IPO completion date, and ending on December 31, 2013. This pro-rated dividend was paid on January 15, 2014 to stockholders of record on January 6, 2014.
 
 
 
 
 
 
 
 
 
 
 
 


Page 12



Brixmor Property Group
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
Supplemental Balance Sheet Detail (Unaudited, dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Actual Results
 
 
 
 
 
12/31/13
 
12/31/12
 
 
 
 
 
 
 
 
 
Real estate, net
 
 
 
 
 
Land
 
$
2,055,802

 
$
1,915,667

 
 
Buildings and improvements
 
 
 
 
 
 
Building
7,436,072

 
6,817,378

 
 
 
Building and tenant improvements
346,521

 
193,091

 
 
 
Construction in process (anchor space repositioning and redevelopment only)
27,386

 
61,753

 
 
 
Lease intangibles
971,947

 
906,537

 
 
 
 
 
10,837,728

 
9,894,426

 
 
Accumulated depreciation and amortization
(1,190,170
)
 
(796,296
)
 
 
 
Total real estate, net
$
9,647,558

 
$
9,098,130

 
 
 
 
 
 
 
 
 
Receivables, net
 
 
 
 
 
Straight-line rent receivable (1)
$
47,669

 
$
31,240

 
 
Tenant receivables
145,247

 
134,356

 
 
Allowance for doubtful accounts
(30,190
)
 
(28,233
)
 
 
Other
 
15,779

 
19,581

 
 
Total receivables, net
$
178,505

 
$
156,944

 
 
 
 
 
 
 
 
 
Deferred charges and prepaid expenses, net
 
 
 
 
 
Deferred charges, net (1)
$
73,791

 
$
65,568

 
 
Prepaid expenses, net
31,731

 
29,550

 
 
Total deferred charges and prepaid expenses, net
$
105,522

 
$
95,118

 
 
 
 
 
 
 
 
 
Other assets
 
 
 
 
 
Furniture, fixtures and leasehold improvements, net
$
10,591

 
$
8,345

 
 
Real estate assets held for sale
5,531

 
1,610

 
 
Other
 
3,528

 
9,403

 
 
Total other assets
$
19,650

 
$
19,358

 
 
 
 
 
 
 
 
 
Accounts payable, accrued expenses and other liabilities
 
 
 
 
 
Accounts payable and accrued expenses
$
230,967

 
$
214,244

 
 
Dividends payable
38,637

 
—

 
 
Below market leases (1)
388,176

 
376,124

 
 
Other
 
51,749

 
41,744

 
 
Total accounts payable, accrued expenses and other liabilities
$
709,529

 
$
632,112

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Equivalent Pro Forma amounts as of 12/31/13 are: $47,058 of straight-line rent receivable; $71,507 of deferred charges, net; and $385,097 of below market leases.


Page 13



Brixmor Property Group
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
Net Operating Income Detail, Supplemental Statements of Operations Detail, Operating Ratios & Additional Disclosures (Unaudited, dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pro Forma
 
Actual Results
 
 
 
 
 
Three Months
 
Twelve Months
 
Three Months
 
Twelve Months
 
 
 
 
 
Ended 12/31/13
 
Ended 12/31/13
 
Ended 12/31/13
 
Ended 12/31/13
 
Net Operating Income Detail
 
 
 
 
 
 
 
 
 
Rental income
$
238,487

 
$
940,669

 
$
238,963

 
$
908,854

 
 
Expense reimbursements
64,343

 
256,119

 
64,820

 
249,265

 
 
Percentage rents
1,408

 
6,552

 
1,517

 
6,809

 
 
Operating costs
(31,748
)
 
(125,072
)
 
(32,227
)
 
(121,262
)
 
 
Real estate taxes
(44,416
)
 
(175,902
)
 
(45,163
)
 
(174,634
)
 
 
Provision for doubtful accounts
(3,015
)
 
(11,314
)
 
(3,105
)
 
(11,687
)
 
Net operating income
225,059

 
891,052

 
224,805

 
857,345

 
 
 
 
 
 
 
 
 
 
 
 
 
Reconciliation of net operating income to net income (loss) attributable to common stockholders
 
 
 
 
 
 
 
 
Fee income
567

 
3,623

 
6,727

 
9,769

 
 
Depreciation and amortization
(113,397
)
 
(475,682
)
 
(111,887
)
 
(447,915
)
 
 
Impairment of real estate assets
—

 
(1,531
)
 
—

 
(23,534
)
 
 
General and administrative
(18,427
)
 
(81,211
)
 
(55,396
)
 
(121,093
)
 
 
Total other expenses
(72,507
)
 
(299,130
)
 
(78,044
)
 
(376,567
)
 
 
Equity in income of unconsolidated joint ventures
161

 
1,098

 
166

 
1,167

 
 
Loss from discontinued operations
—

 
—

 
1,590

 
(18,055
)
 
 
Net (income) loss attributable to non-controlling interests
(5,512
)
 
(10,387
)
 
102

 
25,349

 
 
Preferred stock dividends
—

 
—

 
(162
)
 
(162
)
 
Net income (loss) attributable to common stockholders
$
15,944

 
$
27,832

 
$
(12,099
)
 
$
(93,696
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Statement of Operations Detail
 
 
 
 
 
 
 
 
Other revenues
 
 
 
 
 
 
 
 
 
Percentage rents
$
1,408

 
$
6,552

 
$
1,517

 
$
6,809

 
 
Fee income
567

 
3,623

 
6,727

 
9,769

 
 
Total other revenues
$
1,975

 
$
10,175

 
$
8,244

 
$
16,578

 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
 
 
 
 
 
 
 
 
Mortgage and note interest
$
65,330

 
$
263,381

 
$
63,864

 
$
342,867

 
 
Unsecured credit facility interest
10,205

 
40,783

 
11,670

 
16,193

 
 
Deferred financing cost amortization
2,097

 
17,648

 
2,209

 
10,761

 
 
Debt premium and discount amortization, net
(5,063
)
 
(25,077
)
 
(5,004
)
 
(21,825
)
 
 
Total interest expense
$
72,569

 
$
296,735

 
$
72,739

 
$
347,996

 
 
 
 
 
 
 
 
 
 
 
 
 
Other expense
 
 
 
 
 
 
 
 
 
Loss on debt extinguishment, net
$
—

 
$
—

 
$
2,279

 
$
20,569

 
 
Federal and state taxes
358

 
3,545

 
—

 
2,851

 
 
Other
 
(215
)
 
1,753

 
3,230

 
8,206

 
 
Total other expense
$
143

 
$
5,298

 
$
5,509

 
$
31,626

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Ratios
 
 
 
 
 
 
 
 
 
NOI margin (NOI / total rental revenues) (1)(2)
74.0
%
 
74.0
%
 
73.6
%
 
73.6
%
 
 
Expense recovery ratio (expense reimbursements / (operating costs + real estate taxes))
84.5
%
 
85.1
%
 
83.8
%
 
84.2
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Additional Disclosures
 
 
 
 
 
 
 
 
 
Base rent
$
216,210

 
$
855,875

 
$
217,159

 
$
827,731

 
 
Lease termination fees
962

 
2,701

 
967

 
2,652

 
 
Straight-line rents
5,426

 
19,794

 
5,135

 
16,944

 
 
Above- and below-market rent amortization, net
12,376

 
52,431

 
12,336

 
51,471

 
 
Capitalized interest
1,611

 
4,949

 
1,615

 
4,954

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) NOI excludes all unconsolidated joint venture NOI, including Montecito Marketplace NOI of $187 and $774 at pro rata share for the three and twelve months ended December 31, 2013, respectively.
(2) NOI includes straight-line rents and above- and below-market rent amortization, net.
 
 
 
 
 
 
 


Page 14



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
Same Property NOI Analysis & Reconciliation to Net Loss Attributable to Common Stockholders (Unaudited, dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Actual Results (1)
 
 
 
 
 
Three Months Ended
 
 
 
Twelve Months Ended
 
 
 
 
 
 
 
12/31/13
 
12/31/12
 
Change
 
12/31/13
 
12/31/12
 
Change
 
Same Property NOI Analysis
 
 
 
 
 
 
 
 
 
 
 
 
Number of properties
479

 
479

 
—
 
479

 
479

 
—
 
Percent billed
90.8
%
 
90.0
%
 
0.8%
 
90.8
%
 
90.0
%
 
0.8%
 
Percent leased
92.6
%
 
91.3
%
 
1.2%
 
92.6
%
 
91.3
%
 
1.2%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue breakdown
 
 
 
 
 
 
 
 
 
 
 
 
 
Rental income
$
206,865

 
$
200,627

 
3.1%
 
$
814,233

 
$
790,046

 
3.1%
 
 
Expense reimbursements
60,467

 
59,338

 
1.9%
 
241,328

 
227,919

 
5.9%
 
 
Percentage rents
1,374

 
1,376

 
(0.1)%
 
6,342

 
6,115

 
3.7%
 
 
 
 
 
268,707

 
261,341

 
2.8%
 
1,061,902

 
1,024,080

 
3.7%
 
Rental property expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
Property operating expenses
(29,810
)
 
(31,950
)
 
(6.7)%
 
(116,922
)
 
(118,583
)
 
(1.4)%
 
 
Real estate taxes
(41,966
)
 
(39,861
)
 
5.3%
 
(167,393
)
 
(156,584
)
 
6.9%
 
 
Bad debt expense
(2,933
)
 
(2,745
)
 
6.8%
 
(10,902
)
 
(11,534
)
 
(5.5)%
 
 
 
 
 
(74,708
)
 
(74,557
)
 
0.2%
 
(295,218
)
 
(286,700
)
 
3.0%
 
Same property NOI
$
193,999

 
$
186,784

 
3.9%
 
$
766,684

 
$
737,380

 
4.0%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same property NOI excluding redevelopments (2)
$
189,075

 
$
182,475

 
3.6%
 
$
747,464

 
$
722,129

 
3.5%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NOI margin (3)
72.2
%
 
71.5
%
 
1.0%
 
72.2
%
 
72.0
%
 
0.3%
 
Expense recovery ratio
84.2
%
 
82.6
%
 
2.0%
 
84.9
%
 
82.8
%
 
2.5%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Percent contribution to same property NOI growth:
 
 
 
 
 
 
 
 
 
 
 
 
 
Rent growth
6,238

 
 
 
3.3%
 
24,187

 
 
 
3.3%
 
 
Net recoveries
1,166

 
 
 
0.6%
 
4,260

 
 
 
0.6%
 
 
Other revenues
(2
)
 
 
 
 (0.0%)
 
227

 
 
 
0.0%
 
 
Bad debt expense
(187
)
 
 
 
(0.1%)
 
632

 
 
 
0.1%
 
 
 
 
 
 
 
 
 
3.9%
 
 
 
 
 
4.0%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reconciliation of Net Loss Attributable to Brixmor Property Group Inc. to Same Property NOI
 
 
 
 
 
 
Net loss attributable to Brixmor Property Group Inc.
$
(11,937
)
 
$
(22,189
)
 
 
 
$
(93,534
)
 
$
(122,567
)
 
 
 
Adjustments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue adjustments (4)
(24,661
)
 
(17,230
)
 
 
 
(76,658
)
 
(67,303
)
 
 
 
 
Depreciation and amortization
111,887

 
120,973

 
 
 
447,915

 
502,231

 
 
 
 
Impairment of real estate assets
—

 
—

 
 
 
23,534

 
—

 
 
 
 
Impairment of investment in unconsolidated joint ventures
—

 
314

 
 
 
—

 
314

 
 
 
 
Acquisition related costs
—

 
162

 
 
 
—

 
541

 
 
 
 
General and administrative
55,396

 
19,313

 
 
 
121,093

 
88,843

 
 
 
 
Total other expenses
78,044

 
94,581

 
 
 
376,567

 
382,579

 
 
 
 
Equity in income of unconsolidated joint ventures
(166
)
 
(1
)
 
 
 
(1,167
)
 
(687
)
 
 
 
 
Pro rata share of same property NOI of unconsolidated joint ventures
258

 
263

 
 
 
1,043

 
844

 
 
 
 
Loss from discontinued operations
(1,590
)
 
1,911

 
 
 
18,055

 
9,114

 
 
 
 
Net loss attributable to non-controlling interests
(102
)
 
(6,812
)
 
 
 
(25,349
)
 
(38,146
)
 
 
 
 
Non-same store NOI
(13,130
)
 
(4,501
)
 
 
 
(24,815
)
 
(18,383
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same property NOI
$
193,999

 
$
186,784

 
 
 
$
766,684

 
$
737,380

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impact of redevelopments
(4,924
)
 
(4,309
)
 
 
 
(19,220
)
 
(15,251
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Same property NOI excluding redevelopments
$
189,075

 
$
182,475

 
 
 
$
747,464

 
$
722,129

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Represents all properties owned prior to the completion of the IPO. This portfolio excludes the Excluded Properties and the Acquired Properties. Includes unconsolidated joint venture, Montecito Marketplace, at pro rata share.
(2) Excludes six redevelopment properties.
 
 
 
 
 
 
 
 
 
 
 
(3) NOI excludes straight-line rents and above- and below-market rent amortization, net.
 
 
 
 
 
 
 
 
 
 
 
(4) Includes adjustments for lease settlement income, straight-line rents, above- and below-market rent amortization, net and fee income from unconsolidated joint ventures.
 
 

Page 15



Brixmor Property Group
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
Capital Expenditures (Unaudited, dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pro Forma
 
Actual Results
 
 
 
 
 
Three Months
 
Twelve Months
 
Three Months
 
Twelve Months
 
 
 
 
 
Ended 12/31/13
 
Ended 12/31/13
 
Ended 12/31/13
 
Ended 12/31/13
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures (1):
 
 
 
 
 
 
 
 
 
Building additions and expansions (2)
$
12,548

 
$
56,319

 
$
11,232

 
$
55,441

 
 
Building improvements capitalized (3)
10,339

 
29,035

 
8,130

 
22,904

 
 
Tenant improvements
21,501

 
62,733

 
22,803

 
67,824

 
 
Leasing commissions
3,775

 
9,095

 
3,604

 
8,007

 
Total Capital Expenditures
$
48,163

 
$
157,182

 
$
45,769

 
$
154,176

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Includes unconsolidated joint ventures at pro rata share.
 
 
 
 
 
 
 
(2) Revenue-enhancing expenditures.
 
 
 
 
 
 
 
(3) Non revenue-enhancing expenditures such as lighting, painting, parking lots, roofing and signage.
 
 
 
 
 
 


Page 16



Brixmor Property Group
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
Capitalization, Liquidity & Debt Ratios (Unaudited, dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pro Forma as of
 
Actual Results as of
 
 
 
 
 
 
12/31/13
 
12/31/13
 
12/31/12
 
 
Debt:
 
 
 
 
 
 
 
 
 
 
Revolving credit facility
$
120,179

 
$
120,179

 
—

 
 
 
Term loan facility
1,500,000

 
1,500,000

 
—

 
 
 
Unsecured notes
339,851

 
339,851

 
384,087

 
 
 
Mortgages
4,005,277

 
4,021,259

 
6,115,269

 
 
 
Financial liabilities
175,111

 
175,111

 
174,440

 
 
Total debt
 
6,140,418

 
6,156,400

 
6,673,796

 
 
Less: cash, cash equivalents and restricted cash
(170,179
)
 
(189,372
)
 
(193,258
)
 
 
Net debt
 
5,970,239

 
5,967,028

 
6,480,538

 
 
 
 
 
 
 
 
 
 
 
 
 
Equity:
 
 
 
 
 
 
 
 
 
 
Stockholders' equity
2,342,468

 
2,342,468

 
1,721,495

 
 
 
Non-controlling interests
768,051

 
942,052

 
554,859

 
 
Total equity
 
3,110,519

 
3,284,520

 
2,276,354

 
 
Total capitalization
$
9,080,758

 
$
9,251,548

 
$
8,756,892

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pro Forma as of
 
 
 
 
 
 
 
 
 
 
12/31/13
 
 
 
 
 
 
Liquidity as of 12/31/13:
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
95,332

 
 
 
 
 
 
 
Available under unsecured credit facility
1,129,821

 
 
 
 
 
 
 
 
 
 
$
1,225,153

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Pro Forma
 
Actual Results
 
 
 
 
 
 
 
 
 Three Months
 
 Three Months
 
 
 
 
 
 
 
 
Ended 12/31/13
 
Ended 12/31/13
 
 
 
 
Ratios:
 
 
 
 
 
 
 
 
 
 
Total debt / total market capitalization (1)
50.0
%
 
50.1
%
 
 
 
 
 
Total debt / total assets, before depreciation (consolidated portfolio only) (2)
54.0
%
 
53.0
%
 
 
 
 
 
Secured debt to total assets (2)
35.5
%
 
34.9%

 
 
 
 
 
Net principal debt to adjusted EBITDA (GAAP)
7.1x

 
8.5x

 
 
 
 
 
Net principal debt to adjusted EBITDA (cash)
7.7x

 
9.4x

 
 
 
 
 
Unencumbered assets to unsecured debt
2.1x

 
2.3x

 
 
 
 
 
Interest coverage (adjusted EBITDA / interest expense)
2.9x

 
2.4x

 
 
 
 
 
Debt service coverage (adjusted EBITDA / (interest expense + scheduled principal payments))
2.6x

 
2.1x

 
 
 
 
 
Fixed charge coverage (adjusted EBITDA / (interest expense + scheduled principal payments + preferred dividends))
2.6x

 
2.1x

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Pro Forma
 
 
 
 
 
 
 
 
 
 
12/31/13
 
 
 
 
 
Percentage of total debt:
 
 
 
 
 
 
 
 
 
Fixed
 
 
89.7
%
 
 
 
 
 
 
Floating
 
 
10.3
%
 
 
 
 
 
Unencumbered summary:
 
 
 
 
 Adjusted (3)
 
 
 
 
Percent of properties
 
 
39.5
%
 
47.2
%
 
 
 
 
Percent of NOI
 
 
36.8
%
 
44.3
%
 
 
 
Weighted average maturity (years):
 
 
 
 
 
 
 
 
 
Fixed
 
 
3.98

 
 
 
 
 
 
Floating
 
 
2.47

 
 
 
 
 
 
Total
 
 
3.83

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Market capitalization based on the December 31, 2013 closing stock price of $20.33.
 
 
 
 
 
 
(2) Excludes Inland Preferred.
 
 
 
 
 
 
(3) Represents scheduled maturities adjusted for the repayment of $539.3 million of debt from January 1, 2014 through February 18, 2014 utilizing the Unsecured Credit Facility.
 

Page 17



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pro Forma Debt Overview (Unaudited, dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Maturity Schedule - Pro Forma Debt & Financial Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Adjusted Scheduled Maturities (2)
 
 
 
 
 
 
 
 
Year
 
 
 
Scheduled Amortization

 
 
 
Scheduled Maturities

 
 
 
Total

 
 
Weighted Avg Interest Rate
 
 
 
 
 
 
 
 
 
 
2014
 
 
 
$
33,475

 
 
 
$
294,971

 
 
 
$
328,446

 
 
 
5.89
%
 
 
 
$
47,369

 
 
 
 
 
 
 
2015
 
 
 
34,141

 
 
 
1,077,800

 
 
 
1,111,941

 
 
 
5.79
%
 
 
 
916,695

 
 
 
 
 
 
 
2016
 
 
 
27,246

 
 
 
1,292,404

 
 
 
1,319,650

 
 
 
5.52
%
 
 
 
1,292,404

 
 
 
 
 
 
 
2017
 
 
 
24,839

 
 
 
623,495

 
 
 
648,334

 
 
 
4.68
%
 
 
 
987,349

 
 
 
 
 
 
 
2018
 
 
 
22,520

 
 
 
1,500,169

 
 
 
1,522,689

 
 
 
2.50
%
 
 
 
1,500,169

 
 
 
 
 
 
 
2019
 
 
 
23,570

 
 
 
—

 
 
 
23,570

 
 
 
6.29
%
 
 
 
—

 
 
 
 
 
 
 
2020
 
 
 
17,673

 
 
 
841,121

 
 
 
858,794

 
 
 
6.50
%
 
 
 
841,121

 
 
 
 
 
 
 
2021
 
 
 
1,355

 
 
 
186,225

 
 
 
187,580

 
 
 
6.24
%
 
 
 
186,225

 
 
 
 
 
 
 
2022+
 
 
 
17,451

 
 
 
39,413

 
 
 
56,864

 
 
 
7.17
%
 
 
 
84,266

 
 
 
 
 
 
 
Total Debt Maturities (1)
 
 $ 202,270

 
 
$
5,855,598
 
 
 
$
6,057,868
 
 
 
 
4.92
%
 
 
$
5,855,598
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net unamortized premiums on mortgages
 
 
 
93,895

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net unamortized discount on notes
 
 
 
(13,766
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net unamortized premiums on financial liabilities
 
2,421

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pro forma debt & financial liabilities, net
 
 
$
6,140,418
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Detailed Maturity Schedule - Pro Forma Debt & Financial Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Rate Secured Mortgages
 
Variable Rate Secured Mortgages (3)
 
Fixed Rate Unsecured Notes (3)
 
Financial Liabilities
 
Variable Rate Unsecured Credit Facility / Fixed Rate Unsecured Credit Facility (3)
 
 
 
Year
 
Scheduled Amortization

 
Scheduled Maturities

 
Weighted Avg Interest Rate

 
Scheduled Maturities

 
Weighted Avg Interest Rate

 
Scheduled Maturities

 
Weighted Avg Interest Rate

 
Scheduled Amortization

 
Scheduled Maturities

 
Weighted Avg Interest Rate

 
Scheduled Maturities

 
Weighted Avg Interest Rate

 
 
 
2014
 
$
32,582

 
$
190,369

 
5.21
%
 
$
—

 
—

 
$
104,602

 
7.33
%
 
$
893

 
$
—

 
6.00
%
 
—

 
—

 
 
 
2015
 
33,195

 
470,729

 
5.43
%
 
251,105

 
4.26
%
 
225,000

 
5.27
%
 
946

 
130,966

 
10.96
%
 
—

 
—

 
 
 
2016
 
26,241

 
1,235,404

 
5.60
%
 
57,000

 
3.75
%
 
—

 
—

 
1,005

 
—

 
6.00
%
 
—

 
—

 
 
 
2017
 
23,773

 
327,817

 
6.42
%
 
175,499

 
3.16
%
 
—

 
—

 
1,066

 
—

 
6.00
%
 
120,179

 
1.79
%
 
 
 
2018
 
21,388

 
169

 
6.35
%
 
—

 
—

 
—

 
—

 
1,132

 
—

 
6.00
%
 
1,500,000

 
2.44
%
 
 
 
2019
 
22,368

 
—

 
6.31
%
 
—

 
—

 
—

 
—

 
1,202

 
—

 
6.00
%
 
—

 
—

 
 
 
2020
 
16,397

 
841,121

 
6.50
%
 
—

 
—

 
—

 
—

 
1,276

 
—

 
6.00
%
 
—

 
—

 
 
 
2021
 
—

 
186,225

 
6.24
%
 
—

 
—

 
—

 
—

 
1,355

 
—

 
6.00
%
 
—

 
—

 
 
 
2022+
 
—

 
—

 
—

 
—

 
—

 
24,015

 
7.5
%
 
17,451

 
15,398

 
6.93
%
 
—

 
—

 
 
 
Total Debt Maturities
$
175,944

 
$
3,251,834

 
5.91
%
 
$
483,604

 
3.80
%
 
$
353,617

 
6.03
%
 
$
26,326

 
$
146,364

 
9.97
%
 
$
1,620,179

 
2.39
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Excludes unconsolidated joint venture, Montecito Marketplace, debt of $14.9 million at pro rata share.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(2) Represents scheduled maturities adjusted for the repayment of $539.3 million of debt from January 1, 2014 through February 18, 2014 utilizing the Unsecured Credit Facility. Also reflects the reclassification of $47.0 million of Brixmor unsecured notes from 2014 to 2022+ as a result of the noteholders not exercising their put option in January 2014. See footnote 6 on page 21 for additional information.
 
(3) No scheduled amortization until maturity dates.

Page 18



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Pro Forma Summary of Outstanding Debt (Unaudited, dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Number of
 
Outstanding
 
Actual
 
Maturity
 
Percent of
 
 
 
Loan / Property Name
 
City
 
State
 
 Properties
 
Balance
 
Interest Rate
 
Date
 
Total Indebtedness
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FIXED RATE DEBT:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured Mortgages
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Rio Grande Plaza (1)
 
Rio Grande
 
NJ
 
1

 
$
7,500

 
5.63
%
 
1/1/14
 
0.13
%
 
 
 
 
REIT 1 LP 135 (1)
 
—
 
—
 
8

 
135,500

 
4.85
%
 
5/1/14
 
2.30
%
 
 
 
 
Village at Newtown
 
Newtown
 
PA
 
1

 
24,286

 
5.25
%
 
6/1/14
 
0.41
%
 
 
 
 
The Vineyards at Chateau Elan
 
Braselton
 
GA
 
1

 
9,084

 
5.88
%
 
7/11/14
 
0.15
%
 
 
 
 
Villa Monaco
 
Denver
 
CO
 
1

 
8,318

 
5.56
%
 
9/1/14
 
0.14
%
 
 
 
 
Shoppes of Victoria Square
 
Port St. Lucie
 
FL
 
1

 
6,140

 
5.60
%
 
9/1/14
 
0.10
%
 
 
 
 
Shops of Tuscaloosa
 
Tuscaloosa
 
AL
 
1

 
6,578

 
5.45
%
 
1/11/15
 
0.11
%
 
 
 
 
REIT 2 LP 66
 
—
 
—
 
3

 
66,000

 
5.29
%
 
4/1/15
 
1.12
%
 
 
 
 
Eustis Village
 
Eustis
 
FL
 
1

 
12,364

 
5.45
%
 
5/11/15
 
0.21
%
 
 
 
 
Governors Town Square
 
Acworth
 
GA
 
1

 
9,579

 
5.20
%
 
6/1/15
 
0.16
%
 
 
 
 
Turnpike Plaza
 
Newington
 
CT
 
1

 
20,500

 
4.90
%
 
6/1/15
 
0.35
%
 
 
 
 
Sarasota Village
 
Sarasota
 
FL
 
1

 
9,913

 
5.02
%
 
6/1/15
 
0.17
%
 
 
 
 
Sunshine Square
 
Medford
 
NY
 
1

 
16,904

 
6.85
%
 
8/5/15
 
0.29
%
 
 
 
 
Village West
 
Allentown
 
PA
 
1

 
12,863

 
5.25
%
 
8/5/15
 
0.22
%
 
 
 
 
REIT 20 LP 208
 
—
 
—
 
18

 
208,000

 
5.17
%
 
9/1/15
 
3.53
%
 
 
 
 
Westminster City Center
 
Westminster
 
CO
 
1

 
47,000

 
5.17
%
 
9/1/15
 
0.80
%
 
 
 
 
Hillcrest
 
Spartanburg
 
SC
 
1

 
18,500

 
7.50
%
 
9/1/15
 
0.31
%
 
 
 
 
Hampton Village Centre
 
Rochester Hills
 
MI
 
1

 
27,765

 
5.65
%
 
9/5/15
 
0.47
%
 
 
 
 
Wilmington Island
 
Wilmington Island
 
GA
 
1

 
8,802

 
5.05
%
 
11/11/15
 
0.15
%
 
 
 
 
Streetsboro Crossing
 
Streetsboro
 
OH
 
1

 
8,925

 
5.37
%
 
12/1/15
 
0.15
%
 
 
 
 
REIT 4 LP 169
 
—
 
—
 
22

 
155,489

 
5.62
%
 
1/1/16
 
2.64
%
 
 
 
 
South Plaza Shopping Center
 
California
 
MD
 
1

 
15,562

 
5.42
%
 
1/11/16
 
0.26
%
 
 
 
 
REIT 5 LP 240
 
—
 
—
 
12

 
223,940

 
5.63
%
 
2/1/16
 
3.81
%
 
 
 
 
REIT 20 LP 82
 
—
 
—
 
5

 
82,446

 
6.24
%
 
6/1/16
 
1.40
%
 
 
 
 
REIT 7 LP 86
 
—
 
—
 
7

 
86,000

 
6.32
%
 
8/1/16
 
1.46
%
 
 
 
 
REIT 16 LP 220
 
—
 
—
 
14

 
220,936

 
5.39
%
 
11/1/16
 
3.75
%
 
 
 
 
REIT 14 LP 226
 
—
 
—
 
15

 
226,109

 
5.44
%
 
12/1/16
 
3.84
%
 
 
 
 
REIT 15 LP 233
 
—
 
—
 
15

 
233,977

 
5.44
%
 
12/9/16
 
3.98
%
 
 
 
 
Dublin Village
 
Dublin
 
GA
 
1

 
6,428

 
5.78
%
 
12/11/16
 
0.11
%
 
 
 
 
Conyers Plaza I *
 
Conyers
 
GA
 
1

 
10,800

 
5.77
%
 
1/1/17
 
0.18
%
 
 
 
 
Freshwater - Stateline Plaza
 
Enfield
 
CT
 
1

 
18,150

 
8.00
%
 
2/1/17
 
0.31
%
 
 
 
 
Greensboro Village
 
Gallatin
 
TN
 
1

 
9,144

 
5.52
%
 
2/11/17
 
0.16
%
 
 
 
 
LP - JPM 300
 
—
 
—
 
18

 
296,008

 
6.38
%
 
9/1/17
 
5.03
%
 
 
 
 
Whitaker Square
 
Winston Salem
 
NC
 
1

 
9,293

 
6.32
%
 
12/1/17
 
0.16
%
 
 
 
 
Christmas Tree Plaza
 
Orange
 
CT
 
1

 
4,627

 
7.89
%
 
5/11/18
 
0.08
%
 
 
 
 
Sun Plaza (2)
 
Ft. Walton Beach
 
FL
 
1

 
5,447

 
7.50
%
 
7/1/20
 
0.09
%
 
 
 
 
Elkhart Market Centre (3)
 
Goshen
 
IN
 
1

 
7,191

 
7.50
%
 
7/1/20
 
0.12
%
 
 
 
 
LP - JPM CMBS
 
—
 
—
 
72

 
555,316

 
6.75
%
 
8/1/20
 
9.44
%
 
 

Page 19



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Pro Forma Summary of Outstanding Debt (Unaudited, dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Number of
 
Outstanding
 
Actual
 
Maturity
 
Percent of
 
 
 
Loan / Property Name
 
City
 
State
 
 Properties
 
Balance
 
Interest Rate
 
Date
 
Total Indebtedness
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Monroe ShopRite Plaza
 
Monroe
 
NY
 
1

 
8,564

 
6.50
%
 
8/1/20
 
0.15
%
 
 
 
 
Bethel Park
 
Bethel Park
 
PA
 
1

 
9,952

 
6.50
%
 
8/1/20
 
0.17
%
 
 
 
 
Ivyridge
 
Philadelphia
 
PA
 
1

 
13,882

 
6.50
%
 
8/1/20
 
0.24
%
 
 
 
 
Roosevelt Mall
 
Philadelphia
 
PA
 
1

 
49,488

 
6.50
%
 
8/1/20
 
0.84
%
 
 
 
 
Midway Market Square
 
Elyria
 
OH
 
1

 
5,620

 
8.18
%
 
12/1/20
 
0.10
%
 
 
 
 
Inland (Brixmor/IA, LLC) - Pool A (4)
 
—
 
—
 
9

 
103,044

 
5.91
%
 
12/6/20
 
1.75
%
 
 
 
 
Inland (Brixmor/IA, LLC) - Pool B (4)
 
—
 
—
 
8

 
94,376

 
5.91
%
 
12/6/20
 
1.60
%
 
 
 
 
Inland (Brixmor/IA, LLC) - Pool C (4)
 
—
 
—
 
7

 
101,115

 
5.91
%
 
12/31/20
 
1.72
%
 
 
 
 
REIT 20 LP 51 A
 
—
 
—
 
4

 
48,812

 
6.24
%
 
1/6/21
 
0.83
%
 
 
 
 
REIT 20 LP 45 B
 
—
 
—
 
4

 
43,886

 
6.24
%
 
1/6/21
 
0.75
%
 
 
 
 
REIT 20 LP 42 C
 
—
 
—
 
5

 
41,027

 
6.24
%
 
1/6/21
 
0.70
%
 
 
 
 
REIT 20 LP 37 D
 
—
 
—
 
3

 
35,429

 
6.24
%
 
1/6/21
 
0.60
%
 
 
 
 
REIT 20 LP 43 E
 
—
 
—
 
4

 
41,199

 
6.24
%
 
1/6/21
 
0.70
%
 
 
 
 
TOTAL FIXED RATE SECURED MORTGAGES
 
 
 
 
 
 
 
3,427,778

 
5.91
%
 
 
 
58.24
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unsecured Credit Facility
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Term Loan Facility (5)
 
—
 
—
 
—

 
$
1,500,000

 
2.44
%
 
7/31/2018
 
25.49
%
 
 
 
 
TOTAL FIXED RATE UNSECURED CREDIT FACILITY
—
 
—
 
 
 
1,500,000

 
2.44
%
 
7/31/2018
 
25.49
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unsecured Notes
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
6.90%, 2028 Brixmor LLC Notes I (6)
 
—
 
—
 
—

 
$
25,000

 
6.90
%
 
1/15/14
 
0.42
%
 
 
 
 
6.90%, 2028 Brixmor LLC Notes II (6)
 
—
 
—
 
—

 
25,000

 
6.90
%
 
1/15/14
 
0.42
%
 
 
 
 
7.65%, 2026 Brixmor LLC Notes (6)
 
—
 
—
 
—

 
25,000

 
7.65
%
 
1/15/14
 
0.42
%
 
 
 
 
7.68%, 2026 Brixmor LLC Notes I (6)
 
—
 
—
 
—

 
9,602

 
7.68
%
 
1/15/14
 
0.16
%
 
 
 
 
7.68%, 2026 Brixmor LLC Notes II (6)
 
—
 
—
 
—

 
10,000

 
7.68
%
 
1/15/14
 
0.17
%
 
 
 
 
7.97%, 2026 Brixmor LLC Notes (6)
 
—
 
—
 
—

 
10,000

 
7.97
%
 
1/15/14
 
0.17
%
 
 
 
 
5.30%, 2015 Brixmor LLC Notes
 
—
 
—
 
—

 
100,000

 
5.30
%
 
1/15/15
 
1.70
%
 
 
 
 
5.25%, 2015 Brixmor LLC Notes
 
—
 
—
 
—

 
125,000

 
5.25
%
 
9/15/15
 
2.12
%
 
 
 
 
3.75%, 2023 Brixmor LLC Notes (7)
 
—
 
—
 
—

 
10

 
3.75
%
 
6/1/23
 
0.00
%
 
 
 
 
7.50%, 2029 Brixmor LLC Notes
 
—
 
—
 
—

 
24,005

 
7.50
%
 
7/30/29
 
0.41
%
 
 
 
 
TOTAL FIXED RATE UNSECURED NOTES
 
 
 
 
 
 
 
353,617

 
6.03
%
 
 
 
6.01
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL FIXED RATE DEBT
 
 
 
 
 
 
 
$
5,281,395

 
4.93
%
 
 
 
89.74
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
VARIABLE RATE DEBT:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured Mortgages
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mariner Portfolio - L+352bps w/75bps floor (1)
 
—
 
—
 
19

 
$
161,105

 
4.27
%
 
1/1/15
 
2.74
%
 
 
 
 
LP - Moon 3 - L+375bps w/50bps floor (8)
 
—
 
—
 
3

 
90,000

 
4.25
%
 
9/1/15
 
1.53
%
 
 
 
 
LP - Lights 3 - L+350bps w/25bps floor (9)
 
—
 
—
 
3

 
57,000

 
3.75
%
 
3/1/16
 
0.97
%
 
 
 
 
Throne Portfolio - L+300bps (1)
 
—
 
—
 
14

 
175,499

 
3.16
%
 
7/24/17
 
2.98
%
 
 
 
 
TOTAL VARIABLE RATE SECURED MORTGAGES
 
 
 
 
 
 
 
483,604

 
3.80
%
 
 
 
8.22
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unsecured Credit Facility
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Page 20



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Pro Forma Summary of Outstanding Debt (Unaudited, dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Number of
 
Outstanding
 
Actual
 
Maturity
 
Percent of
 
 
 
Loan / Property Name
 
City
 
State
 
 Properties
 
Balance
 
Interest Rate
 
Date
 
Total Indebtedness
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revolving Credit Facility - L+170bps
 
—
 
—
 
 
 
$
120,179

 
1.79
%
 
7/31/17
 
2.04
%
 
 
 
 
TOTAL VARIABLE RATE UNSECURED CREDIT FACILITY
—
 
—
 
 
 
120,179

 
1.79
%
 
 
 
2.04
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL VARIABLE RATE DEBT
 
 
 
 
 
 
 
$
603,783

 
3.40
%
 
 
 
10.26
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL DEBT
 
 
 
 
 
 
 
$
5,885,178

 
4.77
%
 
 
 
100.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net unamortized premiums on mortgages
93,895

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net unamortized discount on notes
 
(13,766
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
DEBT OBLIGATIONS, NET
 
$
5,965,307

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Inland Preferred
 
—
 
—
 
 
 
$
130,966

 
11.00
%
 
12/6/15
 
75.84
%
 
 
 
 
The Shoppes at Fox Run
 
Glastonbury
 
CT
 
 
 
15,194

 
8.00
%
 
11/12/28
 
8.80
%
 
 
 
 
Bakersfield Plaza
 
Bakersfield
 
CA
 
 
 
13,739

 
6.00
%
 
6/20/31
 
7.96
%
 
 
 
 
Cudahy Plaza
 
Cudahy
 
CA
 
 
 
4,550

 
6.00
%
 
6/20/31
 
2.63
%
 
 
 
 
Bristol Plaza
 
Santa Ana
 
CA
 
 
 
8,241

 
6.00
%
 
6/20/31
 
4.77
%
 
 
 
 
TOTAL FINANCIAL LIABILITIES
 
 
 
 
 
 
 
$
172,690

 
9.97
%
 
 
 
100.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net unamortized premiums on financial liabilities
2,421

 
 
 
 
 
 
 
 
 
 
 
 
 
 
FINANCIAL LIABILITIES, NET
 
$
175,111

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL DEBT & FINANCIAL LIABILITIES, NET
 
 
 
 
 
 
$
6,140,418

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
* Indicates property is part of a larger shopping center.
(1) Loan repaid in full between January 1, 2014 and February 18, 2014.
(2) Lender has a call option at any time with a minimum of 120 days notice.
(3) Lender has a call option at any time after November 2014 with a minimum of 120 days notice.
(4) Represents preferred equity of a venture with Inland American Real Estate Trust Inc., which is treated as mortgage debt for GAAP purposes. Brixmor’s ownership in the venture is approximately 30%.
(5) Term loan facility has been swapped from 1 month Libor to fixed at a combined rate of 0.844% (spread remains 160bps).
(6) The holders of the notes issued under the 1995 indenture have a put right that requires the Company to repurchase notes tendered by holders for an amount equal to the principal amount plus accrued and unpaid interest on January 15, 2014. On January 15, 2014, 55.1% of the notes aggregating $57.65 million at a weighted average rate of 7.43% were tendered. The remaining notes range in maturity from 2026-2028 and maturity will be restated in the Supplemental Disclosure - three months ended March 31, 2014.
(7) As of December 31, 2013, $114.99 million of the $115.0 million aggregate principal amount of the notes had been repaid.
(8) Scheduled to mature on September 1, 2015, subject to two one-year extension options.
(9) Scheduled to mature on March 1, 2016, subject to two one-year extension options.


Page 21




Brixmor Property Group
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
Unsecured Credit Facility Covenant Disclosure (Unaudited, dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Covenants
 
As of 12/31/13
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 I. Leverage ratio
 
 < 60%
 
45.6
%
 
 
 
 
Total Outstanding Indebtedness
 
 
 
6,078,401

 
 
 
 
Balance Sheet Cash
 
 
 
191,698

 
 
 
 
Total Asset Value
 
 
 
12,908,749

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
II. Secured leverage ratio
 
< 40%
 
30.3
%
 
 
 
 
Total Secured Indebtedness
 
 
 
4,104,605

 
 
 
 
Balance Sheet Cash
 
 
191,698

 
 
 
 
Total Asset Value
 
 
 
12,908,479

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
III. Unsecured leverage ratio
 
 < 60%
 
38.3
%
 
 
 
 
Total Unsecured Indebtedness
 
 
 
1,973,796

 
 
 
 
Unrestricted Cash
 
 
 
116,242

 
 
 
 
Unencumbered Asset Value
 
 
4,852,997

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
IV. Fixed charge coverage ratio
 
 > 1.5x
 
 2.6x

 
 
 
 
Total Net Operating Income
 
 
 
897,074

 
 
 
 
Capital Expenditure Reserve
 
 
 
13,786

 
 
 
 
Fixed Charges
 
 
 
344,665

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Definitions for line of credit covenants:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Outstanding Indebtedness:
Total Indebtedness including capital leases, financing liabilities, redeemable non-controlling interests, letters of credit, guarantee obligations, and the
 
 
 
 
 
 
Company's applicable share of joint venture Indebtedness.
 
 
 
 
 
 
 
 
 
 
 
 
Balance Sheet Cash:
 
 
 
Cash and cash equivalents, Restricted cash, and certain Marketable securities.
 
 
 
 
 
 
 
 
 
 
 
 
Total Asset Value
 
 
 
An amount equal to the sum of the following for the Company and the Company's applicable share of its joint ventures: (i) Net Operating Income from
 
 
 
 
 
 
Stabilized Projects for the most recent six months annualized divided by 7.00%, (ii) the amount of Management Fees received by the Company for the most
 
 
 
 
 
 
recent six months annualized divided by 7.00%, (iii) Acquisition Assets valued at the higher of their capitalization value (Net Operating Income for the most
 
 
 
 
 
 
recent six months annualized divided by 7.00%) or acquisition cost, (iv) undepreciated Book Value of Land, (v) undepreciated Book Value of Assets Under
 
 
 
 
 
 
Development, (vi) undepreciated Book Value of Non-Stabilized Projects, (vii) value of Mezzanine Debt Investments, (viii) value of all First Mortgage
 
 
 
 
 
 
Receivables. The aggregate contributions to Total Asset Value from items (v), (vi), and (vii) above shall not exceed 35% of Total Asset Value.

Page 22



Brixmor Property Group
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
Unsecured Credit Facility Covenant Disclosure (Unaudited, dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Secured Indebtedness:
 
All indebtedness that is secured by a lien on any asset.
Total Unsecured Indebtedness:
All Indebtedness that is not Secured Indebtedness.
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrestricted Cash:
 
 
 
Cash and cash equivalents, and certain marketable securities but excluding restricted cash.
 
 
 
 
 
 
 
 
 
 
 
 
Unencumbered Asset Value:
 
Total Asset Value from Unencumbered Assets.
 
 
 
 
 
 
 
 
 
 
 
 
Unencumbered Assets:
 
 
Any acquisition asset, land, operating property and any asset under development located in the Unites States which, as of any date of determination is not
 
 
 
 
 
 
subject to any liens, claims, or restrictions on transferability or assignability of any kind other than (i) permitted encumbrances or liens in favor of the
 
 
 
 
 
 
administrative agent and (ii) customary restrictions on transferability that result in a change of control or that trigger a right of first
 
 
 
 
 
 
offer or right of first refusal.
 
 
 
 
 
 
 
 
 
 
 
 
Total Net Operating Income:
 
For the Company and the Company's applicable share of its joint ventures, as determined in accordance with GAAP, an amount equal to (i) the aggregate
 
 
 
 
 
 
rental income and other revenues from the operation of all real estate assets, including from straight-lined rent and amortization of above or below market
 
 
 
 
 
 
leases minus (ii) all expenses and other charges incurred in connection with the operation of such real estate assets but excluding the payment of or
 
 
 
 
 
 
provision for debt service charges, income taxes, capital expenses, depreciation, amortization and other non-cash expenses.
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
For any period, the sum of (i) total interest expense, (ii) all scheduled principal payments due on account of total outstanding indebtedness (excluding
 
 
 
 
 
 
balloon payments) and (iii) all dividends payable on account of preferred stock or preferred operating partnership units of the borrower or any other person
 
 
 
 
 
 
in the consolidated group.
 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditure Reserve:
 
For any Operating Property, an amount equal to (i) $0.15 multiplied by (ii) the number of square feet of such Operating Property.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Note: For full detailed descriptions of the Unsecured Credit Facility Covenant calculations and definitions of capitalized terms please refer to the Revolving Credit and Term Loan Agreement, dated as of
July 16, 2013 filed as Exhibit 10.6 to Amendment No. 1 to Form S-11, filed with the Securities and Exchange Commission on August 23, 2013.


Page 23



Brixmor Property Group
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
Reconciliation of GAAP Balance Sheet to Pro Forma Balance Sheet (Unaudited, dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Actual Results
 
 
 
Pro Forma
 
 
 
 
 
 
12/31/13
 
Adjustments (1)
 
12/31/13
 
 
Assets
 
 
 
 
 
 
 
 
 
 
Real estate
 
 
 
 
 
 
 
 
 
Land
$
2,055,802

 
$
(66,642
)
 
$
1,989,160

 
 
 
 
Buildings and improvements
8,781,926

 
(127,027
)
 
8,654,899

 
 
 
 
 
 
10,837,728

 
(193,669
)
 
10,644,059

 
 
 
 
Accumulated depreciation and amortization
(1,190,170
)
 
29,692

 
(1,160,478
)
 
 
 
Real estate, net
9,647,558

 
(163,977
)
 
9,483,581

 
 
 
Investments in and advances to unconsolidated joint ventures
9,205

 
(4,034
)
 
5,171

 
 
 
Cash and cash equivalents
113,915

 
(18,583
)
 
95,332

 
 
 
Restricted cash
75,457

 
(610
)
 
74,847

 
 
 
Marketable securities
22,104

 
—

 
22,104

 
 
 
Receivables, net
178,505

 
(2,921
)
 
175,584

 
 
 
Deferred charges and prepaid expenses, net
105,522

 
(2,285
)
 
103,237

 
 
 
Other assets
19,650

 
(5,607
)
 
14,043

 
 
Total assets
$
10,171,916

 
$
(198,017
)
 
$
9,973,899

 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
Debt obligations, net
$
5,981,289

 
$
(15,982
)
 
$
5,965,307

 
 
 
Financing liabilities, net
175,111

 
—

 
175,111

 
 
 
Accounts payable, accrued expenses and other liabilities
709,529

 
(8,034
)
 
701,495

 
 
Total liabilities
6,865,929

 
(24,016
)
 
6,841,913

 
 
 
 
 
 
 
 
 
 
 
 
 
Redeemable non-controlling interests
21,467

 
—

 
21,467

 
 
Commitments and contingencies
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
Equity
 
 
 
 
 
 
 
 
 
 
Preferred stock, $0.01 par value, authorized 300,000,000 shares,
 
 
 
 
 
 
 
 
 
0 shares outstanding
—

 
—

 
—

 
 
 
Common stock, $0.01 par value, authorized 3,000,000,000 shares,
 
 
 
 
 
 
 
 
 
229,689,960 shares outstanding
2,297

 
—

 
2,297

 
 
 
Additional paid in capital
2,543,690

 
—

 
2,543,690

 
 
 
Accumulated other comprehensive loss
(6,812
)
 
—

 
(6,812
)
 
 
 
Distributions in excess of accumulated loss
(196,707
)
 
—

 
(196,707
)
 
 
Total stockholders' equity
2,342,468

 
—

 
2,342,468

 
 
 
Non-controlling interests
942,052

 
(174,001
)
 
768,051

 
 
Total equity
3,284,520

 
(174,001
)
 
3,110,519

 
 
Total liabilities and equity
$
10,171,916

 
$
(198,017
)
 
$
9,973,899

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Reflects the impact of distributing the Excluded Properties as if the distribution was completed on December 31, 2013.
 
 
 


Page 24



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
Reconciliation of GAAP Statements of Operations to Pro Forma Statements of Operations (Unaudited, dollars in thousands, except per share amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended 12/31/13
 
Twelve Months Ended 12/31/13
 
 
 
 
 
Actual
 
 
 
 
 
Actual
 
 
 
 
 
 
 
 
 
Results
 
Adjustments (1)
 
Pro Forma
 
Results
 
Adjustments (1)
 
Pro Forma
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Rental income
$
238,963

 
$
(476
)
 
$
238,487

 
$
908,854

 
$
31,815

 
$
940,669

 
 
Expense reimbursements
64,820

 
(477
)
 
64,343

 
249,265

 
6,854

 
256,119

 
 
Other revenues
8,244

 
(6,269
)
 
1,975

 
16,578

 
(6,403
)
 
10,175

 
Total revenues
312,027

 
(7,222
)
 
304,805

 
1,174,697

 
32,266

 
1,206,963

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating costs
32,227

 
(479
)
 
31,748

 
121,262

 
3,810

 
125,072

 
 
Real estate taxes
45,163

 
(747
)
 
44,416

 
174,634

 
1,268

 
175,902

 
 
Depreciation and amortization
111,887

 
1,510

 
113,397

 
447,915

 
27,767

 
475,682

 
 
Provision for doubtful accounts
3,105

 
(90
)
 
3,015

 
11,687

 
(373
)
 
11,314

 
 
Impairment of real estate assets
—

 
—

 
—

 
23,534

 
(22,003
)
 
1,531

 
 
General and administrative
55,396

 
(36,969
)
 
18,427

 
121,093

 
(39,882
)
 
81,211

 
Total operating expenses
247,778

 
(36,775
)
 
211,003

 
900,125

 
(29,413
)
 
870,712

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other income (expense)
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividends and interest
204

 
1

 
205

 
832

 
9

 
841

 
 
Interest expense
(72,739
)
 
170

 
(72,569
)
 
(347,996
)
 
51,261

 
(296,735
)
 
 
Gain on sale of real estate assets and acquisition of joint venture interest
—

 
—

 
—

 
2,223

 
(161
)
 
2,062

 
 
Other
 
(5,509
)
 
5,366

 
(143
)
 
(31,626
)
 
26,328

 
(5,298
)
 
Total other income (expense)
(78,044
)
 
5,537

 
(72,507
)
 
(376,567
)
 
77,437

 
(299,130
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before equity in income of unconsolidated joint ventures
(13,795
)
 
35,090

 
21,295

 
(101,995
)
 
139,116

 
37,121

 
Equity in income of unconsolidated joint ventures
166

 
(5
)
 
161

 
1,167

 
(69
)
 
1,098

 
Income (loss) from continuing operations
(13,629
)
 
35,085

 
21,456

 
(100,828
)
 
139,047

 
38,219

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discontinued operations
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from discontinued operations
2,628

 
(2,628
)
 
—

 
1,672

 
(1,672
)
 
—

 
 
Gain on disposition of operating properties
761

 
(761
)
 
—

 
3,392

 
(3,392
)
 
—

 
 
Impairment on real estate held for sale
(1,799
)
 
1,799

 
—

 
(23,119
)
 
23,119

 
—

 
Loss from discontinued operations
1,590

 
(1,590
)
 
—

 
(18,055
)
 
18,055

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
(12,039
)
 
33,495

 
21,456

 
(118,883
)
 
157,102

 
38,219

 
Non-controlling interests
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) attributable to non-controlling interests
102

 
(5,614
)
 
(5,512
)
 
25,349

 
(35,736
)
 
(10,387
)
 
Net income (loss) attributable to Brixmor Property Group Inc.
(11,937
)
 
27,881

 
15,944

 
(93,534
)
 
121,366

 
27,832

 
Preferred stock dividends
(162
)
 
162

 
—

 
(162
)
 
162

 
—

 
Net income (loss) attributable to common stockholders
$
(12,099
)
 
$
28,043

 
$
15,944

 
$
(93,696
)
 
$
121,528

 
$
27,832

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
(0.06
)
 
$
0.13

 
$
0.07

 
$
(0.42
)
 
$
0.54

 
$
0.12

 
 
 
Diluted
$
(0.06
)
 
$
0.13

 
$
0.07

 
$
(0.42
)
 
$
0.54

 
$
0.12

 
 
Net income (loss) attributable to common stockholders:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
(0.06
)
 
$
0.13

 
$
0.07

 
$
(0.50
)
 
$
0.62

 
$
0.12

 
 
 
Diluted
$
(0.06
)
 
$
0.13

 
$
0.07

 
$
(0.50
)
 
$
0.62

 
$
0.12

 
 
Weighted average number of vested common shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
outstanding- basic and diluted (2):
213,675

 
14,438

 
228,113

 
188,993

 
39,120

 
228,113

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Reflects the impact of the following transactions associated with the IPO including (i) the contribution of the Acquired Properties (ii) the distribution of the Excluded Properties (iii) the acquisition of the interest not already held in Arapahoe Crossings L.P. (iv) borrowings under the unsecured credit facility, including the use thereof and (v) the net proceeds from the IPO, including the use thereof.  The pro forma adjustments associated with these transactions assume that each transaction was completed as of January 1, 2013.   For the three and twelve months ended December 31, 2013, other revenues and general and administrative expenses were adjusted by $6,146 and $37,009, respectively, for non-cash stock based compensation transactions that were recorded in connection with the IPO.
(2) Excludes convertible OP Units, convertible BPG subsidiary shares and unvested restricted stock awards as their impact would either have no effect on the per share amounts or would be anti-dilutive.


Page 25




 
 
 
 
 
 
Transaction Summary

Supplemental Disclosure
Three Months Ended December 31, 2013
 





Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
Acquisitions (Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
Property Type (1)
 
City, State
 
MSA
 
Purchase Date
 
Purchase Amount
 
Cap-Rate
 
GLA / Acres
 
Percent Leased
 
Anchor Tenant
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Arapahoe Crossings (2)
O
 
Aurora, CO
Denver-Aurora-Broomfield, CO
7/31/13
 
$
20,000

 
7.3
%
 
466,363

 
96.5
%
 
2nd & Charles, AMC Theatres, Big Lots, Gordmans, King Soopers (Kroger), Kohl's, Marshalls
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL - TWELVE MONTHS ENDED 12/31/13
 
$
20,000

 
 
 
466,363

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) O - Ownership interest.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(2) Acquired the remaining 70% interest in the property not owned by the Company in exchange for $18.7 million, net of cash aquired, and the $41.9 million mortgage encumbering the asset.


Page 27



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
Dispositions (Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
Property Type (1)
 
City, State
 
MSA
 
Sale Date
 
Sale Amount
 
Gain / (loss)
 
Cap-Rate
 
GLA / Acres
 
Percent Leased
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Land at Victory Square
 
L
 
Savannah, GA
Savannah, GA
 
7/18/13
 
$
575

 
$
361

 
—

 
0.8 acres
 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL - TWELVE MONTHS ENDED 12/31/13
 
$
575

 
$
361

 
—

 
0.8 acres
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) L - Land.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Page 28



 
 
 
 
 
 
IPO Portfolio Summary

Supplemental Disclosure
Three Months Ended December 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NOTE: Information presented on pages 30-63 is for the IPO Portfolio. The IPO Portfolio includes all properties owned as of the completion of the IPO on November 4, 2013. This portfolio includes the Acquired Properties and excludes the Excluded Properties. Joint venture, Montecito Marketplace is included at 100%.
 
 
 
 
 





Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
Portfolio Overview
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of:
 
 
 
 
 
 
12/31/13
 
9/30/13
 
6/30/13
 
3/31/13
 
12/31/12
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Number of properties
 
522

 
522

 
522

 
522

 
522

 
 
 
GLA
 
 
86,806,352

 
86,796,116

 
86,739,958

 
86,708,730

 
86,616,342

 
 
 
Percent leased
 
92.4
%
 
92.1
%
 
91.6
%
 
91.2
%
 
91.3
%
 
 
 
 
TOTAL ≥ 10,000 SF
 
97.1
%
 
96.9
%
 
96.4
%
 
96.1
%
 
96.1
%
 
 
 
 
TOTAL < 10,000 SF
 
81.6
%
 
80.9
%
 
80.6
%
 
80.0
%
 
80.1
%
 
 
 
Percent billed
 
90.7
%
 
90.2
%
 
89.9
%
 
89.6
%
 
90.0
%
 
 
 
ABR
 
 
$
895,080,953

 
$
886,800,318

 
$
878,210,270

 
$
870,724,429

 
$
866,740,040

 
 
 
ABR/SF
 
$
11.93

 
$
11.87

 
$
11.83

 
$
11.79

 
$
11.72

 
 
 
Percent grocery anchored
 
70
%
 
71
%
 
70
%
 
70
%
 
70
%
 
 
 
Percent community shopping centers
 
63
%
 
63
%
 
63
%
 
63
%
 
63
%
 
 
 
Percent neighborhood shopping centers
37
%
 
37
%
 
37
%
 
37
%
 
37
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PORTFOLIO BY UNIT SIZE AS OF 12/31/13
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Number of Units
 
GLA
 
Percent Leased
 
Percent of Vacant GLA
 
 ABR
 
ABR/SF
 
 
≥ 35,000 SF
 
581

 
36,262,238

 
98.4
%
 
8.6
%
 
$
270,995,157

 
$
8.56

 
 
20,000 – 34,999 SF
 
558

 
14,667,573

 
96.6
%
 
7.5
%
 
130,163,375

 
9.33

 
 
10,000 - 19,999 SF
 
713

 
9,686,279

 
92.9
%
 
10.5
%
 
107,491,035

 
12.25

 
 
5,000 - 9,999 SF
 
1,384

 
9,553,689

 
83.7
%
 
23.7
%
 
115,291,518

 
15.11

 
 
< 5,000 SF
 
8,098

 
16,636,573

 
80.4
%
 
49.7
%
 
271,139,868

 
20.81

 
 
TOTAL
 
11,334

 
86,806,352

 
92.4
%
 
100.0
%
 
$
895,080,953

 
$
11.93

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL ≥ 10,000 SF
 
1,852

 
60,616,090

 
97.1
%
 
26.6
%
 
$
508,649,567

 
$
9.36

 
 
TOTAL < 10,000 SF
 
9,482

 
26,190,262

 
81.6
%
 
73.4
%
 
$
386,431,386

 
18.70

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Page 30



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Properties by State (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Percent of
 
 
 
 
 
 
 
 
 
Number of
 
 
 
Percent
 
Percent
 
 
 
 
 
Number of
 
Percent
 
Percent
 
 
 
State
 
Properties
 
GLA
 
Leased
 
Billed
 
 ABR
 
 ABR / SF
 
Properties
 
of GLA
 
of ABR
 
 
1

Alabama
 
4

 
989,814

 
92.8
%
 
92.5
%
 
$
7,165

 
$
7.87

 
0.8
%
 
1.1
%
 
0.8
%
 
 
2

Arizona
 
2

 
288,110

 
86.6
%
 
86.6
%
 
1,986

 
7.96

 
0.4
%
 
0.3
%
 
0.2
%
 
 
3

California
 
29

 
5,759,005

 
96.6
%
 
95.4
%
 
85,954

 
16.20

 
5.6
%
 
6.6
%
 
9.6
%
 
 
4

Colorado
 
6

 
1,478,559

 
92.4
%
 
87.4
%
 
17,061

 
12.54

 
1.1
%
 
1.7
%
 
1.9
%
 
 
5

Connecticut
 
15

 
2,279,890

 
95.5
%
 
93.9
%
 
29,609

 
14.55

 
2.9
%
 
2.6
%
 
3.3
%
 
 
6

Delaware
 
1

 
191,855

 
100.0
%
 
100.0
%
 
2,070

 
10.79

 
0.2
%
 
0.2
%
 
0.2
%
 
 
7

Florida
 
58

 
9,058,251

 
89.6
%
 
87.9
%
 
97,274

 
12.39

 
11.1
%
 
10.4
%
 
10.9
%
 
 
8

Georgia
 
37

 
5,263,973

 
86.7
%
 
85.5
%
 
42,409

 
9.37

 
7.1
%
 
6.1
%
 
4.7
%
 
 
9

Illinois
 
24

 
4,783,036

 
93.6
%
 
92.5
%
 
50,439

 
11.80

 
4.6
%
 
5.5
%
 
5.6
%
 
 
10

Indiana
 
12

 
1,970,238

 
88.5
%
 
88.0
%
 
14,740

 
8.72

 
2.3
%
 
2.3
%
 
1.6
%
 
 
11

Iowa
 
5

 
783,917

 
86.8
%
 
86.8
%
 
4,479

 
7.39

 
1.0
%
 
0.9
%
 
0.5
%
 
 
12

Kansas
 
2

 
374,292

 
89.7
%
 
89.7
%
 
2,853

 
11.02

 
0.4
%
 
0.4
%
 
0.3
%
 
 
13

Kentucky
 
12

 
2,520,021

 
95.8
%
 
90.3
%
 
19,828

 
8.81

 
2.3
%
 
2.9
%
 
2.2
%
 
 
14

Louisiana
 
4

 
612,368

 
95.4
%
 
95.2
%
 
3,508

 
6.01

 
0.8
%
 
0.7
%
 
0.4
%
 
 
15

Maine
 
2

 
391,746

 
92.2
%
 
92.2
%
 
2,524

 
13.09

 
0.4
%
 
0.5
%
 
0.3
%
 
 
16

Maryland
 
5

 
772,277

 
97.5
%
 
96.5
%
 
9,368

 
12.50

 
1.0
%
 
0.9
%
 
1.0
%
 
 
17

Massachusetts
 
10

 
1,728,553

 
92.0
%
 
90.3
%
 
18,488

 
14.45

 
1.9
%
 
2.0
%
 
2.1
%
 
 
18

Michigan
 
19

 
3,733,555

 
91.6
%
 
89.7
%
 
31,045

 
10.69

 
3.6
%
 
4.3
%
 
3.5
%
 
 
19

Minnesota
 
10

 
1,485,108

 
92.4
%
 
91.6
%
 
15,051

 
11.57

 
1.9
%
 
1.7
%
 
1.7
%
 
 
20

Mississippi
 
3

 
406,316

 
76.6
%
 
65.2
%
 
3,107

 
10.13

 
0.6
%
 
0.5
%
 
0.3
%
 
 
21

Missouri
 
6

 
874,795

 
93.9
%
 
93.9
%
 
6,121

 
7.57

 
1.1
%
 
1.0
%
 
0.7
%
 
 
22

Nevada
 
3

 
609,661

 
90.4
%
 
90.4
%
 
7,566

 
13.73

 
0.6
%
 
0.7
%
 
0.8
%
 
 
23

New Hampshire
 
5

 
769,713

 
96.2
%
 
95.9
%
 
7,922

 
13.06

 
1.0
%
 
0.9
%
 
0.9
%
 
 
24

New Jersey
 
17

 
2,977,475

 
94.3
%
 
90.7
%
 
39,059

 
14.98

 
3.3
%
 
3.4
%
 
4.4
%
 
 
25

New Mexico
 
2

 
83,800

 
100.0
%
 
100.0
%
 
911

 
10.88

 
0.4
%
 
0.1
%
 
0.1
%
 
 
26

New York
 
33

 
4,346,589

 
94.7
%
 
93.1
%
 
60,019

 
15.03

 
6.3
%
 
5.0
%
 
6.7
%
 
 
27

North Carolina
 
22

 
4,423,105

 
90.0
%
 
88.0
%
 
39,341

 
10.97

 
4.2
%
 
5.1
%
 
4.4
%
 
 
28

Ohio
 
24

 
4,521,808

 
90.7
%
 
87.2
%
 
40,789

 
10.55

 
4.6
%
 
5.2
%
 
4.6
%
 
 
29

Oklahoma
 
1

 
186,851

 
100.0
%
 
100.0
%
 
1,742

 
9.32

 
0.2
%
 
0.2
%
 
0.2
%
 
 
30

Pennsylvania
 
37

 
6,059,474

 
94.8
%
 
93.6
%
 
64,624

 
13.00

 
7.1
%
 
7.0
%
 
7.2
%
 
 
31

Rhode Island
 
1

 
148,126

 
97.4
%
 
96.4
%
 
1,435

 
9.95

 
0.2
%
 
0.2
%
 
0.2
%
 
 
32

South Carolina
 
8

 
1,394,993

 
85.8
%
 
84.7
%
 
12,156

 
10.35

 
1.5
%
 
1.6
%
 
1.4
%
 

Page 31



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Properties by State (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Percent of
 
 
 
 
 
 
 
 
 
Number of
 
 
 
Percent
 
Percent
 
 
 
 
 
Number of
 
Percent
 
Percent
 
 
 
State
 
Properties
 
GLA
 
Leased
 
Billed
 
 ABR
 
 ABR / SF
 
Properties
 
of GLA
 
of ABR
 
 
33

Tennessee
 
16

 
3,240,636

 
94.6
%
 
92.1
%
 
27,765

 
9.48

 
3.1
%
 
3.7
%
 
3.1
%
 
 
34

Texas
 
68

 
9,610,859

 
93.3
%
 
92.1
%
 
102,006

 
12.28

 
13.0
%
 
11.1
%
 
11.4
%
 
 
35

Vermont
 
1

 
224,514

 
99.1
%
 
99.1
%
 
1,912

 
8.59

 
0.2
%
 
0.3
%
 
0.2
%
 
 
36

Virginia
 
11

 
1,446,485

 
95.5
%
 
95.2
%
 
13,845

 
11.25

 
2.1
%
 
1.7
%
 
1.5
%
 
 
37

West Virginia
 
2

 
251,500

 
95.6
%
 
92.3
%
 
1,959

 
8.15

 
0.4
%
 
0.3
%
 
0.2
%
 
 
38

Wisconsin
 
5

 
765,084

 
90.6
%
 
90.0
%
 
6,949

 
10.03

 
1.0
%
 
0.9
%
 
0.8
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL
 
522

 
86,806,352

 
92.4
%
 
90.7
%
 
$
895,081

 
$
11.93

 
100.0
%
 
100.0
%
 
100.0
%
 



Page 32



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
Properties by Largest US MSAs (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Percent of
 
 
 
 
 
 
 
 
 
 
Number of
 
 
 
Percent
 
Percent
 
 
 
 
 
Number of
 
Percent
 
Percent
 
 
Largest US MSAs by 2012 Population
 
 
 
Properties
 
GLA
 
Leased
 
Billed
 
 ABR
 
 ABR / SF
 
Properties
 
of GLA
 
of ABR
 
1

New York-Newark-Jersey City, NY-NJ-PA
 
 
 
30

 
3,631,038

 
94.6
%
 
92.2
%
 
$
59,141

 
$
17.94

 
5.7
%
 
4.2
%
 
6.6
%
 
2

Los Angeles-Long Beach-Anaheim, CA
 
 
 
9

 
1,685,511

 
98.2
%
 
94.9
%
 
27,535

 
17.02

 
1.7
%
 
1.9
%
 
3.1
%
 
3

Chicago-Naperville-Elgin, IL-IN-WI
 
 
 
16

 
3,950,094

 
94.0
%
 
92.8
%
 
44,061

 
12.39

 
3.1
%
 
4.6
%
 
4.9
%
 
4

Dallas-Fort Worth-Arlington, TX
 
 
 
16

 
2,965,448

 
93.3
%
 
91.3
%
 
39,216

 
14.38

 
3.1
%
 
3.4
%
 
4.4
%
 
5

Houston-The Woodlands-Sugar Land, TX
 
 
 
38

 
4,685,355

 
95.1
%
 
94.0
%
 
46,805

 
10.84

 
7.3
%
 
5.4
%
 
5.2
%
 
6

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
 
 
27

 
4,200,603

 
94.1
%
 
91.5
%
 
52,125

 
14.88

 
5.2
%
 
4.8
%
 
5.8
%
 
7

Washington-Arlington-Alexandria, DC-VA-MD-WV
 
 
3

 
451,260

 
97.5
%
 
96.2
%
 
4,649

 
10.56

 
0.6
%
 
0.5
%
 
0.5
%
 
8

Miami-Fort Lauderdale-West Palm Beach, FL
 
 
 
10

 
1,756,049

 
82.1
%
 
79.4
%
 
18,643

 
13.50

 
1.9
%
 
2.0
%
 
2.1
%
 
9

Atlanta-Sandy Springs-Roswell, GA
 
 
 
24

 
3,587,632

 
88.2
%
 
86.6
%
 
31,731

 
10.13

 
4.6
%
 
4.1
%
 
3.5
%
 
10

Boston-Cambridge-Newton, MA-NH
 
 
 
5

 
542,274

 
90.5
%
 
88.8
%
 
6,012

 
12.24

 
1.0
%
 
0.6
%
 
0.7
%
 
 
Top 10 Largest US MSAs by Population
 
 
 
178

 
27,455,264

 
92.9
%
 
91.0
%
 
329,920

 
13.48

 
34.1
%
 
31.6
%
 
36.9
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
11

San Francisco-Oakland-Hayward, CA
 
 
 
2

 
469,869

 
93.0
%
 
93.0
%
 
8,035

 
23.53

 
0.4
%
 
0.5
%
 
0.9
%
 
12

Riverside-San Bernardino-Ontario, CA
 
 
 
4

 
537,795

 
92.5
%
 
91.8
%
 
6,103

 
12.37

 
0.8
%
 
0.6
%
 
0.7
%
 
13

Phoenix-Mesa-Scottsdale, AZ
 
 
 
1

 
119,525

 
82.5
%
 
82.5
%
 
661

 
6.71

 
0.2
%
 
0.1
%
 
0.1
%
 
14

Detroit-Warren-Dearborn, MI
 
 
 
9

 
1,623,470

 
92.3
%
 
91.5
%
 
15,492

 
11.13

 
1.7
%
 
1.9
%
 
1.7
%
 
15

Seattle-Tacoma-Bellevue, WA
 
 
 
0

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
16

Minneapolis-St. Paul-Bloomington, MN-WI
 
 
 
8

 
1,191,459

 
91.3
%
 
90.3
%
 
12,523

 
12.31

 
1.5
%
 
1.4
%
 
1.4
%
 
17

San Diego-Carlsbad, CA
 
 
 
2

 
505,814

 
98.3
%
 
97.8
%
 
8,717

 
18.15

 
0.4
%
 
0.6
%
 
1.0
%
 
18

Tampa-St. Petersburg-Clearwater, FL
 
 
 
15

 
2,385,302

 
93.5
%
 
91.1
%
 
25,483

 
12.06

 
2.9
%
 
2.7
%
 
2.8
%
 
19

St. Louis, MO-IL
 
 
 
4

 
670,045

 
88.9
%
 
88.6
%
 
4,778

 
8.60

 
0.8
%
 
0.8
%
 
0.5
%
 
20

Baltimore-Columbia-Towson, MD
 
 
 
1

 
219,862

 
99.5
%
 
98.8
%
 
2,543

 
11.62

 
0.2
%
 
0.3
%
 
0.3
%
 
 
Top 20 Largest US MSAs by Population
 
 
 
224

 
35,178,405

 
92.9
%
 
91.1
%
 
414,256

 
13.29

 
42.9
%
 
40.5
%
 
46.3
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
21

Denver-Aurora-Lakewood, CO
 
 
 
5

 
1,199,769

 
92.7
%
 
86.5
%
 
13,282

 
12.01

 
1.0
%
 
1.4
%
 
1.5
%
 
22

Pittsburgh, PA
 
 
 
1

 
218,714

 
100.0
%
 
100.0
%
 
1,690

 
8.48

 
0.2
%
 
0.3
%
 
0.2
%
 
23

Charlotte-Concord-Gastonia, NC-SC
 
 
 
7

 
1,851,976

 
86.6
%
 
84.2
%
 
14,060

 
9.58

 
1.3
%
 
2.1
%
 
1.6
%
 
24

Portland-Vancouver-Hillsboro, OR-WA
 
 
 
0

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
25

San Antonio-New Braunfels, TX
 
 
 
0

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
26

Orlando-Kissimmee-Sanford, FL
 
 
 
7

 
996,221

 
92.8
%
 
90.9
%
 
14,230

 
15.74

 
1.3
%
 
1.1
%
 
1.6
%
 
27

Sacramento--Roseville--Arden-Arcade, CA
 
 
 
1

 
106,023

 
93.1
%
 
92.3
%
 
1,892

 
19.16

 
0.2
%
 
0.1
%
 
0.2
%
 
28

Cincinnati, OH-KY-IN
 
 
 
7

 
1,869,414

 
96.3
%
 
86.7
%
 
18,851

 
12.17

 
1.3
%
 
2.2
%
 
2.1
%
 
29

Cleveland-Elyria, OH
 
 
 
7

 
1,439,035

 
92.3
%
 
89.4
%
 
14,300

 
10.77

 
1.3
%
 
1.7
%
 
1.6
%
 
30

Kansas City, MO-KS
 
 
 
4

 
611,786

 
92.8
%
 
92.8
%
 
4,394

 
7.87

 
0.8
%
 
0.7
%
 
0.5
%
 
31

Las Vegas-Henderson-Paradise, NV
 
 
 
3

 
609,661

 
90.4
%
 
90.4
%
 
7,566

 
13.73

 
0.6
%
 
0.7
%
 
0.8
%
 
32

Columbus, OH
 
 
 
4

 
449,371

 
83.6
%
 
83.6
%
 
3,482

 
10.05

 
0.8
%
 
0.5
%
 
0.4
%

Page 33



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
Properties by Largest US MSAs (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Percent of
 
 
 
 
 
 
 
 
 
 
Number of
 
 
 
Percent
 
Percent
 
 
 
 
 
Number of
 
Percent
 
Percent
 
 
Largest US MSAs by 2012 Population
 
 
 
Properties
 
GLA
 
Leased
 
Billed
 
 ABR
 
 ABR / SF
 
Properties
 
of GLA
 
of ABR
 
33

Indianapolis-Carmel-Anderson, IN
 
 
 
4

 
886,699

 
85.2
%
 
85.2
%
 
6,195

 
8.45

 
0.8
%
 
1.0
%
 
0.7
%
 
34

San Jose-Sunnyvale-Santa Clara, CA
 
 
 
0

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
35

Austin-Round Rock, TX
 
 
 
1

 
168,112

 
62.9
%
 
62.9
%
 
1,126

 
10.65

 
0.2
%
 
0.2
%
 
0.1
%
 
36

Nashville-Davidson--Murfreesboro--Franklin, TN
 
 
 
7

 
1,277,886

 
93.6
%
 
92.3
%
 
11,328

 
9.55

 
1.3
%
 
1.5
%
 
1.3
%
 
37

Virginia Beach-Norfolk-Newport News, VA-NC
 
 
 
2

 
205,234

 
99.0
%
 
99.0
%
 
3,206

 
15.89

 
0.4
%
 
0.2
%
 
0.4
%
 
38

Providence-Warwick, RI-MA
 
 
 
1

 
148,126

 
97.4
%
 
96.4
%
 
1,435

 
9.95

 
0.2
%
 
0.2
%
 
0.2
%
 
39

Milwaukee-Waukesha-West Allis, WI
 
 
 
4

 
714,529

 
90.8
%
 
90.2
%
 
6,460

 
9.96

 
0.8
%
 
0.8
%
 
0.7
%
 
40

Jacksonville, FL
 
 
 
5

 
827,528

 
84.2
%
 
84.2
%
 
8,598

 
12.43

 
1.0
%
 
1.0
%
 
1.0
%
 
41

Memphis, TN-MS-AR
 
 
 
1

 
658,121

 
93.9
%
 
84.4
%
 
7,395

 
12.18

 
0.2
%
 
0.8
%
 
0.8
%
 
42

Oklahoma City, OK
 
 
 
0

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
43

Louisville/Jefferson County, KY-IN
 
 
 
4

 
684,607

 
89.7
%
 
89.0
%
 
6,043

 
10.14

 
0.8
%
 
0.8
%
 
0.7
%
 
44

Richmond, VA
 
 
 
2

 
215,897

 
91.8
%
 
91.8
%
 
2,442

 
12.33

 
0.4
%
 
0.2
%
 
0.3
%
 
45

New Orleans-Metairie, LA
 
 
 
0

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
46

Hartford-West Hartford-East Hartford, CT
 
 
 
4

 
897,262

 
98.2
%
 
98.0
%
 
11,743

 
15.77

 
0.8
%
 
1.0
%
 
1.3
%
 
47

Raleigh, NC
 
 
 
2

 
291,038

 
94.6
%
 
94.1
%
 
3,433

 
15.19

 
0.4
%
 
0.3
%
 
0.4
%
 
48

Birmingham-Hoover, AL
 
 
 
0

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
49

Buffalo-Cheektowaga-Niagara Falls, NY
 
 
 
1

 
93,144

 
97.9
%
 
97.9
%
 
1,243

 
13.64

 
0.2
%
 
0.1
%
 
0.1
%
 
50

Salt Lake City, UT
 
 
 
0

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
 
Top 50 Largest US MSAs by Population
 
 
 
308

 
51,598,558

 
92.4
%
 
90.3
%
 
578,649

 
12.73

 
59.0
%
 
59.4
%
 
64.6
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other MSAs
 
 
 
214

 
35,207,794

 
92.5
%
 
91.3
%
 
316,432

 
10.70

 
41.0
%
 
40.6
%
 
35.4
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL
 
 
 
522

 
86,806,352

 
92.4
%
 
90.7
%
 
$
895,081

 
$
11.93

 
100.0
%
 
100.0
%
 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Page 34



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
Largest MSAs by ABR (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Percent of
 
 
 
 
 
 
 
 
 
 
Number of
 
 
 
Percent
 
Percent
 
 
 
 
 
Number of
 
Percent
 
Percent
 
 
Largest MSAs by ABR
 
MSA Rank
 
Properties
 
GLA
 
Leased
 
Billed
 
 ABR
 
 ABR / SF
 
Properties
 
of GLA
 
of ABR
 
1

New York-Newark-Jersey City, NY-NJ-PA
 
1
 
30

 
3,631,038

 
94.6
%
 
92.2
%
 
$
59,141

 
$
17.94

 
5.7
%
 
4.2
%
 
6.6
%
 
2

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
6
 
27

 
4,200,603

 
94.1
%
 
91.5
%
 
52,125

 
14.88

 
5.2
%
 
4.8
%
 
5.8
%
 
3

Houston-The Woodlands-Sugar Land, TX
 
5
 
38

 
4,685,355

 
95.1
%
 
94.0
%
 
46,805

 
10.84

 
7.3
%
 
5.4
%
 
5.2
%
 
4

Chicago-Naperville-Elgin, IL-IN-WI
 
3
 
16

 
3,950,094

 
94.0
%
 
92.8
%
 
44,061

 
12.39

 
3.1
%
 
4.6
%
 
4.9
%
 
5

Dallas-Fort Worth-Arlington, TX
 
4
 
16

 
2,965,448

 
93.3
%
 
91.3
%
 
39,216

 
14.38

 
3.1
%
 
3.4
%
 
4.4
%
 
6

Atlanta-Sandy Springs-Roswell, GA
 
9
 
24

 
3,587,632

 
88.2
%
 
86.6
%
 
31,731

 
10.13

 
4.6
%
 
4.1
%
 
3.5
%
 
7

Los Angeles-Long Beach-Anaheim, CA
 
2
 
9

 
1,685,511

 
98.2
%
 
94.9
%
 
27,535

 
17.02

 
1.7
%
 
1.9
%
 
3.1
%
 
8

Tampa-St. Petersburg-Clearwater, FL
 
18
 
15

 
2,385,302

 
93.5
%
 
91.1
%
 
25,483

 
12.06

 
2.9
%
 
2.7
%
 
2.8
%
 
9

Cincinnati, OH-KY-IN
 
28
 
7

 
1,869,414

 
96.3
%
 
86.7
%
 
18,851

 
12.17

 
1.3
%
 
2.2
%
 
2.1
%
 
10

Miami-Fort Lauderdale-West Palm Beach, FL
 
8
 
10

 
1,756,049

 
82.1
%
 
79.4
%
 
18,643

 
13.50

 
1.9
%
 
2.0
%
 
2.1
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
10 Largest MSAs by ABR
 
—
 
192

 
30,716,446

 
93.2
%
 
90.7
%
 
363,593

 
13.37

 
36.8
%
 
35.4
%
 
40.6
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
11

Detroit-Warren-Dearborn, MI
 
14
 
9

 
1,623,470

 
92.3
%
 
91.5
%
 
15,492

 
11.13

 
1.7
%
 
1.9
%
 
1.7
%
 
12

Cleveland-Elyria, OH
 
29
 
7

 
1,439,035

 
92.3
%
 
89.4
%
 
14,300

 
10.77

 
1.3
%
 
1.7
%
 
1.6
%
 
13

Orlando-Kissimmee-Sanford, FL
 
26
 
7

 
996,221

 
92.8
%
 
90.9
%
 
14,230

 
15.74

 
1.3
%
 
1.1
%
 
1.6
%
 
14

Charlotte-Concord-Gastonia, NC-SC
 
23
 
7

 
1,851,976

 
86.6
%
 
84.2
%
 
14,060

 
9.58

 
1.3
%
 
2.1
%
 
1.6
%
 
15

Denver-Aurora-Lakewood, CO
 
21
 
5

 
1,199,769

 
92.7
%
 
86.5
%
 
13,282

 
12.01

 
1.0
%
 
1.4
%
 
1.5
%
 
16

Allentown-Bethlehem-Easton, PA-NJ
 
68
 
5

 
1,298,490

 
97.2
%
 
96.9
%
 
12,957

 
10.87

 
1.0
%
 
1.5
%
 
1.4
%
 
17

Minneapolis-St. Paul-Bloomington, MN-WI
 
16
 
8

 
1,191,459

 
91.3
%
 
90.3
%
 
12,523

 
12.31

 
1.5
%
 
1.4
%
 
1.4
%
 
18

Hartford-West Hartford-East Hartford, CT
 
46
 
4

 
897,262

 
98.2
%
 
98.0
%
 
11,743

 
15.77

 
0.8
%
 
1.0
%
 
1.3
%
 
19

Nashville-Davidson--Murfreesboro--Franklin, TN
 
36
 
7

 
1,277,886

 
93.6
%
 
92.3
%
 
11,328

 
9.55

 
1.3
%
 
1.5
%
 
1.3
%
 
20

Oxnard-Thousand Oaks-Ventura, CA
 
66
 
3

 
677,512

 
99.5
%
 
99.5
%
 
10,603

 
15.96

 
0.6
%
 
0.8
%
 
1.2
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
20 Largest MSAs by ABR
 
—
 
254

 
43,169,526

 
93.1
%
 
90.8
%
 
494,110

 
12.94

 
48.7
%
 
49.7
%
 
55.2
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
21

Binghamton, NY
 
185
 
4

 
751,106

 
98.9
%
 
98.9
%
 
9,536

 
12.84

 
0.8
%
 
0.9
%
 
1.1
%
 
22

Naples-Immokalee-Marco Island, FL
 
150
 
4

 
755,309

 
96.8
%
 
96.7
%
 
8,907

 
12.24

 
0.8
%
 
0.9
%
 
1.0
%
 
23

San Diego-Carlsbad, CA
 
17
 
2

 
505,814

 
98.3
%
 
97.8
%
 
8,717

 
18.15

 
0.4
%
 
0.6
%
 
1.0
%
 
24

Jacksonville, FL
 
40
 
5

 
827,528

 
84.2
%
 
84.2
%
 
8,598

 
12.43

 
1.0
%
 
1.0
%
 
1.0
%
 
25

San Francisco-Oakland-Hayward, CA
 
11
 
2

 
469,869

 
93.0
%
 
93.0
%
 
8,035

 
23.53

 
0.4
%
 
0.5
%
 
0.9
%
 
26

Las Vegas-Henderson-Paradise, NV
 
31
 
3

 
609,661

 
90.4
%
 
90.4
%
 
7,566

 
13.73

 
0.6
%
 
0.7
%
 
0.8
%
 
27

Vallejo-Fairfield, CA
 
123
 
1

 
490,407

 
97.5
%
 
96.7
%
 
7,519

 
15.80

 
0.2
%
 
0.6
%
 
0.8
%
 
28

Memphis, TN-MS-AR
 
41
 
1

 
658,121

 
93.9
%
 
84.4
%
 
7,395

 
12.18

 
0.2
%
 
0.8
%
 
0.8
%

Page 35



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
Largest MSAs by ABR (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Percent of
 
 
 
 
 
 
 
 
 
 
Number of
 
 
 
Percent
 
Percent
 
 
 
 
 
Number of
 
Percent
 
Percent
 
 
Largest MSAs by ABR
 
MSA Rank
 
Properties
 
GLA
 
Leased
 
Billed
 
 ABR
 
 ABR / SF
 
Properties
 
of GLA
 
of ABR
 
29

New Haven-Milford, CT
 
62
 
6

 
586,687

 
89.7
%
 
87.6
%
 
7,334

 
13.93

 
1.1
%
 
0.7
%
 
0.8
%
 
30

Fresno, CA
 
56
 
2

 
427,624

 
95.2
%
 
95.2
%
 
7,026

 
17.27

 
0.4
%
 
0.5
%
 
0.8
%
 
31

Norwich-New London, CT
 
170
 
2

 
433,602

 
100.0
%
 
99.0
%
 
7,005

 
16.16

 
0.4
%
 
0.5
%
 
0.8
%
 
32

Port St. Lucie, FL
 
117
 
5

 
637,470

 
80.5
%
 
80.3
%
 
6,782

 
13.22

 
1.0
%
 
0.7
%
 
0.8
%
 
33

Milwaukee-Waukesha-West Allis, WI
 
39
 
4

 
714,529

 
90.8
%
 
90.2
%
 
6,460

 
9.96

 
0.8
%
 
0.8
%
 
0.7
%
 
34

Indianapolis-Carmel-Anderson, IN
 
33
 
4

 
886,699

 
85.2
%
 
85.2
%
 
6,195

 
8.45

 
0.8
%
 
1.0
%
 
0.7
%
 
35

Worcester, MA-CT
 
58
 
4

 
600,934

 
82.1
%
 
81.3
%
 
6,149

 
12.46

 
0.8
%
 
0.7
%
 
0.7
%
 
36

Riverside-San Bernardino-Ontario, CA
 
12
 
4

 
537,795

 
92.5
%
 
91.8
%
 
6,103

 
12.37

 
0.8
%
 
0.6
%
 
0.7
%
 
37

Louisville/Jefferson County, KY-IN
 
43
 
4

 
684,607

 
89.7
%
 
89.0
%
 
6,043

 
10.14

 
0.8
%
 
0.8
%
 
0.7
%
 
38

Boston-Cambridge-Newton, MA-NH
 
10
 
5

 
542,274

 
90.5
%
 
88.8
%
 
6,012

 
12.24

 
1.0
%
 
0.6
%
 
0.7
%
 
39

Scranton--Wilkes-Barre--Hazleton, PA
 
94
 
2

 
609,072

 
98.7
%
 
98.7
%
 
5,062

 
18.99

 
0.4
%
 
0.7
%
 
0.6
%
 
40

Springfield, MA
 
85
 
3

 
456,737

 
97.1
%
 
97.1
%
 
5,035

 
13.36

 
0.6
%
 
0.5
%
 
0.6
%
 
41

Dayton, OH
 
71
 
3

 
532,521

 
94.8
%
 
92.1
%
 
4,885

 
11.96

 
0.6
%
 
0.6
%
 
0.5
%
 
42

Ann Arbor, MI
 
147
 
3

 
663,535

 
96.5
%
 
90.2
%
 
4,829

 
7.54

 
0.6
%
 
0.8
%
 
0.5
%
 
43

College Station-Bryan, TX
 
190
 
4

 
491,763

 
93.0
%
 
92.8
%
 
4,786

 
15.18

 
0.8
%
 
0.6
%
 
0.5
%
 
44

St. Louis, MO-IL
 
19
 
4

 
670,045

 
88.9
%
 
88.6
%
 
4,778

 
8.60

 
0.8
%
 
0.8
%
 
0.5
%
 
45

Wilmington, NC
 
175
 
2

 
379,107

 
95.7
%
 
94.2
%
 
4,769

 
13.29

 
0.4
%
 
0.4
%
 
0.5
%
 
46

Washington-Arlington-Alexandria, DC-VA-MD-WV
7
 
3

 
451,260

 
97.5
%
 
96.2
%
 
4,649

 
10.56

 
0.6
%
 
0.5
%
 
0.5
%
 
47

Winston-Salem, NC
 
81
 
3

 
438,898

 
90.9
%
 
90.3
%
 
4,622

 
11.97

 
0.6
%
 
0.5
%
 
0.5
%
 
48

North Port-Sarasota-Bradenton, FL
 
74
 
4

 
556,862

 
91.2
%
 
90.8
%
 
4,555

 
9.04

 
0.8
%
 
0.6
%
 
0.5
%
 
49

Greensboro-High Point, NC
 
73
 
1

 
406,768

 
97.2
%
 
96.9
%
 
4,515

 
11.42

 
0.2
%
 
0.5
%
 
0.5
%
 
50

Corpus Christi, TX
 
115
 
4

 
565,070

 
84.4
%
 
83.0
%
 
4,462

 
11.44

 
0.8
%
 
0.7
%
 
0.5
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
50 Largest MSAs by ABR
 
—
 
352

 
60,511,200

 
92.8
%
 
90.8
%
 
682,442

 
12.83

 
67.4
%
 
69.7
%
 
76.2
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
51

Kansas City, MO-KS
 
30
 
4

 
611,786

 
92.8
%
 
92.8
%
 
4,394

 
7.87

 
0.8
%
 
0.7
%
 
0.5
%
 
52

Manchester-Nashua, NH
 
131
 
2

 
348,189

 
100.0
%
 
99.3
%
 
4,089

 
18.73

 
0.4
%
 
0.4
%
 
0.5
%
 
53

Mobile, AL
 
127
 
1

 
611,972

 
90.2
%
 
90.2
%
 
3,981

 
7.32

 
0.2
%
 
0.7
%
 
0.4
%
 
54

Pittsfield, MA
 
312
 
1

 
442,549

 
99.9
%
 
96.9
%
 
3,858

 
19.44

 
0.2
%
 
0.5
%
 
0.4
%
 
55

Boulder, CO
 
161
 
1

 
278,790

 
91.3
%
 
91.3
%
 
3,779

 
14.85

 
0.2
%
 
0.3
%
 
0.4
%
 
56

Roanoke, VA
 
159
 
4

 
522,010

 
95.3
%
 
94.8
%
 
3,507

 
7.99

 
0.8
%
 
0.6
%
 
0.4
%
 
57

Columbus, OH
 
32
 
4

 
449,371

 
83.6
%
 
83.6
%
 
3,482

 
10.05

 
0.8
%
 
0.5
%
 
0.4
%
 
58

Raleigh, NC
 
47
 
2

 
291,038

 
94.6
%
 
94.1
%
 
3,433

 
15.19

 
0.4
%
 
0.3
%
 
0.4
%
 
59

Saginaw, MI
 
217
 
2

 
469,478

 
86.1
%
 
86.1
%
 
3,253

 
10.24

 
0.4
%
 
0.5
%
 
0.4
%
 
60

Spartanburg, SC
 
153
 
1

 
385,609

 
80.3
%
 
78.3
%
 
3,212

 
11.04

 
0.2
%
 
0.4
%
 
0.4
%

Page 36



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
Largest MSAs by ABR (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Percent of
 
 
 
 
 
 
 
 
 
 
Number of
 
 
 
Percent
 
Percent
 
 
 
 
 
Number of
 
Percent
 
Percent
 
 
Largest MSAs by ABR
 
MSA Rank
 
Properties
 
GLA
 
Leased
 
Billed
 
 ABR
 
 ABR / SF
 
Properties
 
of GLA
 
of ABR
 
61

Panama City, FL
 
225
 
2

 
397,512

 
97.1
%
 
97.1
%
 
3,206

 
8.31

 
0.4
%
 
0.5
%
 
0.4
%
 
62

Virginia Beach-Norfolk-Newport News, VA-NC
 
37
 
2

 
205,234

 
99.0
%
 
99.0
%
 
3,206

 
15.89

 
0.4
%
 
0.2
%
 
0.4
%
 
63

Charleston-North Charleston, SC
 
78
 
3

 
556,809

 
82.6
%
 
81.5
%
 
3,107

 
6.80

 
0.6
%
 
0.6
%
 
0.3
%
 
64

Jackson, MS
 
92
 
3

 
406,316

 
76.6
%
 
65.2
%
 
3,107

 
10.13

 
0.6
%
 
0.5
%
 
0.3
%
 
65

Atlantic City-Hammonton, NJ
 
167
 
1

 
179,199

 
98.3
%
 
93.7
%
 
3,093

 
17.55

 
0.2
%
 
0.2
%
 
0.3
%
 
66

Greenville-Anderson-Mauldin, SC
 
65
 
2

 
220,723

 
95.3
%
 
94.6
%
 
2,989

 
14.21

 
0.4
%
 
0.3
%
 
0.3
%
 
67

Greenville, NC
 
236
 
1

 
233,153

 
98.7
%
 
86.4
%
 
2,954

 
12.83

 
0.2
%
 
0.3
%
 
0.3
%
 
68

Toledo, OH
 
89
 
2

 
609,066

 
77.0
%
 
70.7
%
 
2,930

 
6.25

 
0.4
%
 
0.7
%
 
0.3
%
 
69

Bakersfield, CA
 
63
 
1

 
236,873

 
99.9
%
 
99.9
%
 
2,890

 
12.21

 
0.2
%
 
0.3
%
 
0.3
%
 
70

Lexington-Fayette, KY
 
106
 
2

 
414,960

 
96.3
%
 
94.5
%
 
2,856

 
7.14

 
0.4
%
 
0.5
%
 
0.3
%
 
71

Hilton Head Island-Bluffton-Beaufort, SC
 
220
 
2

 
231,852

 
93.5
%
 
93.5
%
 
2,848

 
13.14

 
0.4
%
 
0.3
%
 
0.3
%
 
72

Elkhart-Goshen, IN
 
216
 
2

 
445,534

 
96.6
%
 
96.6
%
 
2,780

 
6.46

 
0.4
%
 
0.5
%
 
0.3
%
 
73

Tullahoma-Manchester, TN
 
377
 
3

 
433,744

 
93.8
%
 
93.8
%
 
2,658

 
6.53

 
0.6
%
 
0.5
%
 
0.3
%
 
74

Traverse City, MI
 
285
 
1

 
412,755

 
96.9
%
 
96.9
%
 
2,642

 
27.52

 
0.2
%
 
0.5
%
 
0.3
%
 
75

Odessa, TX
 
288
 
1

 
366,091

 
100.0
%
 
100.0
%
 
2,574

 
11.24

 
0.2
%
 
0.4
%
 
0.3
%
 
76

Baltimore-Columbia-Towson, MD
 
20
 
1

 
219,862

 
99.5
%
 
98.8
%
 
2,543

 
11.62

 
0.2
%
 
0.3
%
 
0.3
%
 
77

Portland-South Portland, ME
 
104
 
2

 
391,746

 
92.2
%
 
92.2
%
 
2,524

 
13.09

 
0.4
%
 
0.5
%
 
0.3
%
 
78

Savannah, GA
 
145
 
2

 
210,557

 
87.0
%
 
86.5
%
 
2,471

 
13.70

 
0.4
%
 
0.2
%
 
0.3
%
 
79

Richmond, VA
 
44
 
2

 
215,897

 
91.8
%
 
91.8
%
 
2,442

 
12.33

 
0.4
%
 
0.2
%
 
0.3
%
 
80

Des Moines-West Des Moines, IA
 
91
 
2

 
511,277

 
83.5
%
 
83.5
%
 
2,436

 
6.91

 
0.4
%
 
0.6
%
 
0.3
%
 
81

Lafayette, LA
 
108
 
3

 
433,329

 
94.4
%
 
94.1
%
 
2,432

 
5.95

 
0.6
%
 
0.5
%
 
0.3
%
 
82

Chattanooga, TN-GA
 
99
 
2

 
339,426

 
96.7
%
 
96.7
%
 
2,412

 
7.96

 
0.4
%
 
0.4
%
 
0.3
%
 
83

Blacksburg-Christiansburg-Radford, VA
 
231
 
1

 
180,220

 
97.7
%
 
97.7
%
 
2,390

 
13.81

 
0.2
%
 
0.2
%
 
0.3
%
 
84

Lancaster, PA
 
101
 
3

 
236,006

 
95.1
%
 
95.1
%
 
2,362

 
10.53

 
0.6
%
 
0.3
%
 
0.3
%
 
85

Fort Wayne, IN
 
122
 
2

 
254,094

 
78.0
%
 
78.0
%
 
2,259

 
13.40

 
0.4
%
 
0.3
%
 
0.3
%
 
86

Dover, DE
 
245
 
1

 
191,855

 
100.0
%
 
100.0
%
 
2,070

 
10.79

 
0.2
%
 
0.2
%
 
0.2
%
 
87

Durham-Chapel Hill, NC
 
102
 
2

 
182,828

 
95.3
%
 
94.6
%
 
2,022

 
12.02

 
0.4
%
 
0.2
%
 
0.2
%
 
88

Davenport-Moline-Rock Island, IA-IL
 
135
 
3

 
290,643

 
93.1
%
 
93.1
%
 
2,008

 
7.42

 
0.6
%
 
0.3
%
 
0.2
%
 
89

Corning, NY
 
379
 
1

 
253,335

 
98.5
%
 
97.7
%
 
1,984

 
7.95

 
0.2
%
 
0.3
%
 
0.2
%
 
90

Rutland, VT
 
519
 
1

 
224,514

 
99.1
%
 
99.1
%
 
1,912

 
8.59

 
0.2
%
 
0.3
%
 
0.2
%
 
91

Merced, CA
 
176
 
1

 
144,444

 
85.7
%
 
84.0
%
 
1,904

 
15.38

 
0.2
%
 
0.2
%
 
0.2
%
 
92

Altoona, PA
 
319
 
1

 
279,746

 
92.3
%
 
92.3
%
 
1,903

 
7.37

 
0.2
%
 
0.3
%
 
0.2
%
 
93

Santa Maria-Santa Barbara, CA
 
119
 
1

 
179,495

 
96.4
%
 
96.4
%
 
1,901

 
11.88

 
0.2
%
 
0.2
%
 
0.2
%
 
94

York-Hanover, PA
 
114
 
1

 
153,088

 
100.0
%
 
95.5
%
 
1,900

 
12.64

 
0.2
%
 
0.2
%
 
0.2
%
 
95

Sacramento--Roseville--Arden-Arcade, CA
 
27
 
1

 
106,023

 
93.1
%
 
92.3
%
 
1,892

 
19.16

 
0.2
%
 
0.1
%
 
0.2
%

Page 37



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
Largest MSAs by ABR (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Percent of
 
 
 
 
 
 
 
 
 
 
Number of
 
 
 
Percent
 
Percent
 
 
 
 
 
Number of
 
Percent
 
Percent
 
 
Largest MSAs by ABR
 
MSA Rank
 
Properties
 
GLA
 
Leased
 
Billed
 
 ABR
 
 ABR / SF
 
Properties
 
of GLA
 
of ABR
 
96

Springfield, IL
 
206
 
2

 
178,644

 
93.0
%
 
92.1
%
 
1,797

 
10.82

 
0.4
%
 
0.2
%
 
0.2
%
 
97

Cape Coral-Fort Myers, FL
 
82
 
2

 
130,312

 
96.7
%
 
96.7
%
 
1,791

 
14.22

 
0.4
%
 
0.2
%
 
0.2
%
 
98

Duluth, MN-WI
 
166
 
1

 
182,969

 
97.0
%
 
97.0
%
 
1,784

 
10.05

 
0.2
%
 
0.2
%
 
0.2
%
 
99

Harrisburg-Carlisle, PA
 
96
 
1

 
220,288

 
89.8
%
 
89.8
%
 
1,769

 
8.94

 
0.2
%
 
0.3
%
 
0.2
%
 
100

Concord, NH
 
282
 
1

 
182,887

 
100.0
%
 
100.0
%
 
1,747

 
9.78

 
0.2
%
 
0.2
%
 
0.2
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
100 Largest MSAs by ABR
 
—
 
442

 
76,165,298

 
92.6
%
 
90.8
%
 
815,924

 
12.33

 
84.7
%
 
87.7
%
 
91.2
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other MSAs
 
—
 
80

 
10,641,054

 
90.9
%
 
89.7
%
 
79,157

 
8.96

 
15.3
%
 
12.3
%
 
8.8
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL
 
—
 
522

 
86,806,352

 
92.4
%
 
90.7
%
 
$
895,081

 
$
11.93

 
100.0
%
 
100.0
%
 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Page 38



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
Top Forty Retailers Ranked by ABR
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retailer
 
Owned Leases
 
GLA
 
Percent of Portfolio GLA
 
ABR
 
Percent of Portfolio ABR
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1
The Kroger Co. (1)
 
69

 
4,438,087

 
5.1
%
 
$
30,523,545

 
3.4
%
 
 
2
The TJX Companies, Inc. (2)
 
94

 
3,008,296

 
3.5
%
 
28,701,162

 
3.2
%
 
 
3
Wal-Mart Stores, Inc. (3)
 
28

 
3,478,406

 
4.0
%
 
16,701,986

 
1.9
%
 
 
4
Publix Super Markets, Inc. (4)
 
39

 
1,794,443

 
2.1
%
 
16,514,970

 
1.8
%
 
 
5
Dollar Tree Stores, Inc. (5)
 
129

 
1,470,970

 
1.7
%
 
14,755,623

 
1.6
%
 
 
6
Ahold USA, Inc. (6)
 
21

 
1,251,080

 
1.4
%
 
13,881,240

 
1.6
%
 
 
7
Sears Holdings Corporation (7)
 
29

 
2,586,256

 
3.0
%
 
11,830,404

 
1.3
%
 
 
8
Office Depot, Inc. (8)
 
44

 
1,026,037

 
1.2
%
 
10,551,603

 
1.2
%
 
 
9
Ross Stores, Inc. (9)
 
30

 
855,220

 
1.0
%
 
9,394,382

 
1.0
%
 
 
10
Bed Bath & Beyond Inc. (10)
 
30

 
729,787

 
0.8
%
 
9,139,494

 
1.0
%
 
 
 
TOP 10 RETAILERS
 
513

 
20,638,582

 
23.8
%
 
161,994,409

 
18.1
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
11
PetSmart, Inc.
 
29

 
655,214

 
0.8
%
 
9,101,008

 
1.0
%
 
 
12
Best Buy Co., Inc. (11)
 
16

 
660,392

 
0.8
%
 
8,761,843

 
1.0
%
 
 
13
Staples, Inc.
 
33

 
728,808

 
0.8
%
 
8,494,141

 
0.9
%
 
 
14
Big Lots, Inc.
 
46

 
1,469,293

 
1.7
%
 
8,473,683

 
0.9
%
 
 
15
Safeway Inc. (12)
 
16

 
842,883

 
1.0
%
 
8,249,738

 
0.9
%
 
 
16
Burlington Stores, Inc.
 
14

 
1,131,459

 
1.3
%
 
7,365,916

 
0.8
%
 
 
17
Kohl's Corporation
 
12

 
1,019,875

 
1.2
%
 
7,189,462

 
0.8
%
 
 
18
PETCO Animal Supplies, Inc.
 
33

 
452,093

 
0.5
%
 
6,846,234

 
0.8
%
 
 
19
DICK'S Sporting Goods, Inc. (13)
 
12

 
492,031

 
0.6
%
 
6,375,867

 
0.7
%
 
 
20
Bi-Lo Holdings, LLC (14)
 
18

 
834,061

 
1.0
%
 
6,322,597

 
0.7
%
 
 
 
TOP 20 RETAILERS
 
742

 
28,924,691

 
33.3
%
 
239,174,898

 
26.7
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
21
Ascena Retail Group, Inc. (15)
 
59

 
349,543

 
0.4
%
 
6,054,808

 
0.7
%
 
 
22
Hobby Lobby Stores, Inc.
 
15

 
901,320

 
1.0
%
 
5,752,027

 
0.6
%
 
 
23
L.A. Fitness International, LLC
 
9

 
390,095

 
0.4
%
 
5,659,224

 
0.6
%
 
 
24
Michaels Stores, Inc.
 
25

 
559,226

 
0.6
%
 
5,541,421

 
0.6
%
 
 
25
H.E. Butt Grocery Company (16)
 
8

 
510,551

 
0.6
%
 
5,464,118

 
0.6
%
 
 
26
The Home Depot, Inc.
 
8

 
799,388

 
0.9
%
 
5,447,360

 
0.6
%
 
 
27
Party City Corporation
 
30

 
366,281

 
0.4
%
 
5,137,678

 
0.6
%
 
 
28
Giant Eagle, Inc. (17)
 
7

 
555,560

 
0.6
%
 
5,084,233

 
0.6
%
 
 
29
CVS Caremark Corporation
 
25

 
337,318

 
0.4
%
 
4,972,866

 
0.6
%
 
 
30
Stage Stores, Inc. (18)
 
34

 
827,109

 
1.0
%
 
4,896,367

 
0.5
%
 
 
31
Walgreen Co.
 
21

 
300,253

 
0.3
%
 
4,813,416

 
0.5
%
 
 
32
Albertsons LLC (19)
 
8

 
456,420

 
0.5
%
 
4,583,870

 
0.5
%
 
 
33
The Great Atlantic & Pacific Tea Company (20)
 
7

 
330,480

 
0.4
%
 
4,371,267

 
0.5
%
 
 
34
Barnes & Noble, Inc.
 
12

 
258,663

 
0.3
%
 
4,316,563

 
0.5
%
 
 
35
Toys"R"US, Inc. (21)
 
13

 
477,284

 
0.5
%
 
4,244,319

 
0.5
%
 
 
36
Jo-Ann Stores, Inc.
 
22

 
422,763

 
0.5
%
 
4,202,129

 
0.5
%
 
 
37
The Sports Authority, Inc.
 
9

 
400,158

 
0.5
%
 
4,175,044

 
0.5
%
 
 
38
Delhaize America Inc. (22)
 
13

 
484,158

 
0.6
%
 
4,097,418

 
0.5
%
 
 
39
JP Morgan Chase & Co.
 
32

 
114,143

 
0.1
%
 
4,003,567

 
0.4
%
 
 
40
Wakefern Food Corporation (23)
 
7

 
354,575

 
0.4
%
 
3,990,500

 
0.4
%
 
 
 
TOTAL TOP 40 RETAILERS
 
1,106

 
38,119,979

 
43.9
%
 
$
335,983,093

 
37.5
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Page 39



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
Top Forty Retailers Ranked by ABR
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Includes Kroger (55), Harris Teeter (3), King Soopers (3), Ralphs (3), Smith's (2), Dillons (1), Food 4 Less (1) and Pay Less (1).
 
 
 
(13) Includes DICK'S Sporting Goods (9) and Golf Galaxy (3).
(2) Includes T.J. Maxx (50), Marshalls (36) and HomeGoods (8).
 
 
 
(14) Includes Winn-Dixie (10), BI-LO (5) and Harveys (3).
(3) Includes Supercenters (14), Discount Stores (9), Walmart Neighborhood Market (4) and Sam's Club (1).
 
 
 
(15) Includes dressbarn (27), Catherines (11), Lane Bryant (8), Justice (7) and maurices (6).
(4) Includes Publix (38) and Publix Sabor (1).
 
 
 
(16) Includes H-E-B (7) and Central Market (1).
(5) Includes Dollar Tree (125), Deals (3) and Dollar Stop (1).
 
 
 
(17) Includes Giant Eagle (6) and Good Cents Grocery + More (1).
(6) Includes Giant Food (10), Super Stop & Shop (7), Martin's Food Markets (2), Stop & Shop (1) and Tops (1).
 
 
 
(18) Includes Bealls Outlet (12), Peebles (9), Bealls (6), Palais Royal (3), Goody's (2), Stage (1) and Steele's (1).
(7) Includes Kmart (25), Sears (3) and Sears Outlet (1).
 
 
 
(19) Includes Shaw's (3), Albertsons (2), Jewel-Osco (2) and Acme (1).
(8) Includes Office Depot (24) and OfficeMax (20).
 
 
 
(20) Includes A&P (3), Pathmark (2), Superfresh (1) and Waldbaum's (1).
(9) Includes Ross Dress for Less.
 
 
 
(21) Includes Babies"R"Us (8) and Toys"R"Us (5).
(10) Includes Bed Bath & Beyond (16), Harmon Face Values (6), Christmas Tree Shops (4), World Market (3) and buybuy BABY (1).
 
 
 
(22) Includes Food Lion (10), Hannaford (2) and Bottom Dollar Food (1).
(11) Includes Best Buy.
 
 
 
(23) Includes ShopRite (4) and PriceRite (3).
(12) Includes Vons (5), Randalls (4), Dominick's (3), Tom Thumb (3) and Safeway (1).
 
 
 
 
 
 
 
 


Page 40



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
New & Renewal Lease Summary
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Comparable Only
 
Renewal Rate
(by count)
 
Renewal Rate
(by GLA)
 
 
 
 
 
 
 
Leases
 
GLA
 
New ABR
 
 
New ABR / SF
 
Leases
 
Rent Growth (1)
 
 
 
 
 
TOTAL - ALL LEASES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended 12/31/13
 
538

 
3,312,489

 
$
39,623,745

 
 
$
11.96

 
397

 
11.0
%
 
—

 
—

 
 
 
Three months ended 9/30/13
 
 
640

 
4,052,233

 
48,187,519

 
 
11.89

 
487

 
11.5
%
 
—

 
—

 
 
 
Three months ended 6/30/13
 
 
580

 
2,852,905

 
36,861,547

 
 
12.92

 
416

 
8.4
%
 
—

 
—

 
 
 
Three months ended 3/31/13
 
 
486

 
2,576,964

 
33,707,784

 
 
13.08

 
384

 
7.6
%
 
—

 
—

 
 
 
TOTAL - TTM
 
 
 
2,244

 
12,794,591

 
$
158,380,595

 
 
$
12.38

 
1,684

 
9.8
%
 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NEW LEASES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended 12/31/13
 
199

 
859,397

 
$
12,926,819

 
 
$
15.04

 
58

 
24.8
%
 
—

 
—

 
 
 
Three months ended 9/30/13
 
 
217

 
975,183

 
12,937,956

 
 
13.27

 
64

 
50.9
%
 
—

 
—

 
 
 
Three months ended 6/30/13
 
 
234

 
949,309

 
13,282,929

 
 
13.99

 
70

 
22.7
%
 
—

 
—

 
 
 
Three months ended 3/31/13
 
 
137

 
659,339

 
7,975,318

 
 
12.10

 
35

 
19.2
%
 
—

 
—

 
 
 
TOTAL - TTM
 
 
 
787

 
3,443,228

 
$
47,123,022

 
 
$
13.69

 
227

 
29.5
%
 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
RENEWAL & OPTION LEASES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended 12/31/13
 
339

 
2,453,092

 
$
26,696,927

 
 
$
10.88

 
339

 
8.5
%
 
77.2
%
 
90.5
%
 
 
 
Three months ended 9/30/13
 
 
423

 
3,077,050

 
35,249,563

 
 
11.46

 
423

 
7.6
%
 
77.9
%
 
82.7
%
 
 
 
Three months ended 6/30/13
 
 
346

 
1,903,596

 
23,578,618

 
 
12.39

 
346

 
5.9
%
 
77.1
%
 
83.0
%
 
 
 
Three months ended 3/31/13
 
 
349

 
1,917,625

 
25,732,466

 
 
13.42

 
349

 
6.5
%
 
77.9
%
 
83.8
%
 
 
 
TOTAL - TTM
 
 
 
1,457

 
9,351,363

 
$
111,257,573

 
 
$
11.90

 
1,457

 
7.2
%
 
77.5
%
 
85.2
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
RENT GROWTH BY TENANT SIZE
 
 
 
 
 
 
 
 
LEASES BY ANCHOR AND SMALL SHOP - THREE MONTHS ENDED 12/31/13
 
 
 
 
 
 
 
Three Months Ended
 
 
 
 
% of Leases
 
% of GLA
 
% of ABR
 
 New ABR / SF
 
 
 
TOTAL - ALL LEASES
 
12/31/13
 
9/30/13
 
6/30/13
 
3/31/13
 
 
Anchor Leases (≥ 10,000 SF)
 
 
 
 
 
 
 
 
 
≥ 35,000 SF
 
8.2
%
 
15.1
%
 
8.6
%
 
2.8
%
 
 
Total - All leases
 
12
%
 
62
%
 
42
%
 
$
8.05

 
 
 
20,000 – 34,999 SF
 
19.9
%
 
11.4
%
 
3.6
%
 
8.2
%
 
 
New leases
 
8
%
 
46
%
 
33
%
 
10.71

 
 
 
10,000 - 19,999 SF
 
7.7
%
 
13.6
%
 
17.3
%
 
7.6
%
 
 
Renewal leases
 
15
%
 
68
%
 
47
%
 
7.42

 
 
 
5,000 - 9,999 SF
 
15.6
%
 
10.6
%
 
14.5
%
 
13.5
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
< 5,000 SF
 
9.4
%
 
9.4
%
 
5.7
%
 
6.2
%
 
 
Small Shop Leases (< 10,000 SF)
 
 
 
 
 
 
 
 
 
TOTAL
 
11.0
%
 
11.5
%
 
8.4
%
 
7.6
%
 
 
Total - All leases
 
88
%
 
38
%
 
58
%
 
$
18.47

 
 
 
TOTAL ≥ 10,000 SF
 
11.1
%
 
13.5
%
 
9.5
%
 
6.0
%
 
 
New leases
 
92
%
 
54
%
 
67
%
 
18.73

 
 
 
TOTAL < 10,000 SF
 
10.9
%
 
9.7
%
 
7.7
%
 
8.5
%
 
 
Renewal leases
 
85
%
 
32
%
 
53
%
 
18.31

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Cash.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Page 41



Brixmor Property Group
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
Anchor Space Repositioning Summary (Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
 
City, State
 
 
 
 
Description
 
 
IN PROCESS ANCHOR SPACE REPOSITIONINGS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1

Bakersfield Plaza
 
 
Bakersfield, CA
 
 
Remerchandise former CVS with a 29K SF Ross Dress for Less
 
2

San Dimas Plaza
 
 
San Dimas, CA
 
 
 
Addition of a 46K SF Smart & Final Extra! in former Ralphs (Kroger)
 
3

Westminster City Center
 
Westminster, CO
 
 
Reconfigure former Circuit City with a 26K SF Ross Dress for Less and a 23K SF Jo-Ann Fabrics and remerchandise vacant junior anchor with an 11K SF Ulta
 
4

Stratford Square
 
 
Stratford, CT
 
 
 
 
Reconfigure former movie theatre with a 49K SF LA Fitness
 
5

Collegetown Shopping Center
 
Glassboro, NJ
 
 
 
Reconfigure former Acme with a 42K SF LA Fitness and an additional 5K SF of retail space
 
6

Hamilton Plaza-Kmart Plaza
 
Hamilton, NJ
 
 
 
 
Reconfigure former Acme with a 19K SF Planet Fitness and a 13K SF restaurant
 
7

McMullen Creek Market
 
Charlotte, NC
 
 
 
Reconfigure 25K SF Staples and adjacent vacant junior anchor with a 45K SF Walmart Neighborhood Market and relocate existing 6K SF Lebo's Footwear to enable rightsizing of Staples to 13K SF
 
8

University Commons
 
Greenville, NC
 
 
 
Remerchandise a 29K SF former Circuit City
 
9

South Towne Centre
 
Dayton, OH
 
 
 
 
Combination of five adjacent small shop spaces for a 14K SF OfficeMax
 
10

Midway Market Square
 
Elyria, OH
 
 
 
 
Remerchandise former furniture store with a 26K SF Jo-Ann Fabric & Craft Store
 
11

Miracle Mile Shopping Plaza
 
Toledo, OH
 
 
 
 
Combination of former JCPenney and five adjacent small shop spaces for a 45K SF LA Fitness and an additional 8K SF of retail space
 
12

Dillsburg Shopping Center
 
Dillsburg, PA
 
 
 
 
Reconfigure former Giant Food (Ahold) to accommodate a 38K SF Tractor Supply and a 7K SF freestanding Advanced Auto Parts
 
13

Pilgrim Gardens
 
Drexel Hill, PA
 
 
 
Remerchandise former Loehmann's with a 22K SF Ross Dress for Less
 
14

County Line Plaza
 
Souderton, PA
 
 
 
Rightsize existing 67K SF VF Outlet to 35K SF and demise remaining space for a 21K SF Bottom Dollar (Delhaize) and an additional retailer; remerchandise former Payless ShoeSource with a 4K SF Sherwin Williams and an existing outparcel with a 3K SF TD Bank
 
15

Five Points
 
 
Corpus Christi, TX
 
 
Remerchandise shopping center with the addition of a 23K SF Burke's Outlet, a 16K SF Party City, a 13K SF PETCO, a 26K SF Ross Dress for Less and the expansion of Beall's to a 35K SF prototype
 
16

Hunting Hills
 
 
Roanoke, VA
 
 
 
 
Reconfigure former Walmart with a 101K SF Kohl’s and a 17K SF PetSmart and remerchandise small shop space with a 10K SF Dollar Tree and a 7K SF Rack Room Shoes
 
 
 
 
 
 
 
 
 
 
 
 
 
COMPLETED ANCHOR SPACE REPOSITIONINGS - TWELVE MONTHS ENDED 12/31/13
 
 
 
 
 
 
 
 
 
 
 
 
1

Villa Monaco
 
 
Denver, CO
 
 
 
 
Remerchandise former King Soopers (Kroger) with a 56K SF Walmart Neighborhood Market
 
2

North Dover Shopping Center
 
Dover, DE
 
 
 
 
Rightsize existing 25K SF Staples to 17K SF and remerchandise remaining space with an 8K SF Dress Barn, as well as retenant former Fashion Bug with a 12K SF Party City
 
3

Brooksville Square
 
Brooksville, FL
 
 
 
Remerchandise anchor with a 42K SF Sears Outlet
 
4

Park Shore Shopping Center
 
Naples, FL
 
 
 
 
Remerchandise anchor and junior anchor vacancies with a 35K SF Big Lots and a 16K SF Youfit Health Club
 
5

Pointe Orlando
 
 
Orlando, FL
 
 
 
 
Address remaining vacancies with entertainment and apparel retailers, including an 8K SF The Pub, a 17K SF Monkey Joe’s, a 7K SF Charming Charlie, a 5K SF Tommy Hilfiger store and a 4K SF Marlow’s Tavern
 
6

Panama City Square
 
Panama City, FL
 
 
Expansion of existing Walmart to a 125K SF Walmart Supercenter and reposition vacant space with a 34K SF Big Lots
 
7

Northeast Plaza
 
 
Atlanta, GA
 
 
 
 
Addition of a 56K SF G-Mart International and a 3K SF J Buffalo's on outparcel
 
8

North Park
 
 
Macon, GA
 
 
 
 
Expansion and remodeling of existing 40K SF Kroger to a new 78K SF prototype store and addition of Kroger fuel center
 
9

Rivercrest Shopping Center
 
Crestwood, IL
 
 
 
Reconfigure 88K SF Ultra Foods and reconfigure a former Kmart into a 29K SF Ross Dress for Less and a 16K SF Party City
 
10

The Commons of Crystal Lake
 
Crystal Lake, IL
 
 
 
Reposition two junior anchor vacancies with a 20K SF Harbor Freight Tools and addition of a 14K SF Charter Fitness
 
11

Butterfield Square
 
Libertyville, IL
 
 
 
 
Remodel 52K SF Sunset Foods, as well as site improvements, to enhance visibility and access to shopping center
 
12

Westridge Court
 
 
Naperville, IL
 
 
 
 
Remerchandise 105K SF of retail space with a 48K SF Gordmans, a 38K SF Savers, a 26K SF buybuy BABY, a 28K SF hhgregg and a 23K SF Furnish 123, as well as relocate Discovery Clothing to 12K SF through ombination of three small shop spaces and remerchandise former Discovery Clothing with a 9K SF Five Below

Page 42



Brixmor Property Group
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
Anchor Space Repositioning Summary (Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
 
City, State
 
 
 
 
Description
 
13

Rising Sun Towne Centre
 
Rising Sun, MD
 
 
Remerchandise former Martin's Food with a 39K SF Big Lots
 
14

Farmington Crossroads
 
Farmington, MI
 
 
 
Reposition anchor with a 31K SF Ollie's Bargain Outlet and a 12K SF True Value Hardware
 
15

Sun Ray Shopping Center
 
St. Paul, MN
 
 
 
 
Remerchandise vacancies with a 26K SF Blast Fitness and a 22K SF expansion of Cub Foods to include its liquor and hardware concepts
 
16

Clocktower Place
 
 
Florissant, MO
 
 
 
Reconfigure former 55K SF grocer to accommodate a 30K SF Ross Dress for Less and a 15K SF Family Dollar
 
17

Marlton Crossing
 
Marlton, NJ
 
 
 
 
Construction of a 22K SF Michaels
 
18

Cayuga Mall
 
 
Ithaca, NY
 
 
 
 
Reposition 44K SF vacant anchor with a 26K SF True Value Hardware and an 18K SF Jo-Ann Fabrics and addition of a 15K SF Party City
 
19

South Towne Centre
 
Dayton, OH
 
 
 
 
Enclose former outdoor garden center with an 8K SF Five Below
 
20

Southland Shopping Center
 
Middleburg Heights, OH
 
 
Remerchandise 71K SF of retail space with a 28K SF Marshalls, a 21K SF OfficeMax and an 18K SF Party City
 
21

Lehigh Shopping Center
 
Bethlehem, PA
 
 
 
Reconfigure 24K SF former nursery with a 14K SF Citi Trends and a 12K SF PetSmart
 
22

Bristol Park
 
 
Bristol, PA
 
 
 
 
Expansion of Walmart to a 157K SF Supercenter and reconfiguration of north end of shopping center with a 32K SF Ollie's Bargain Outlet and a 12K SF relocated Dollar Tree
 
23

Preston Ridge
 
 
Frisco, TX
 
 
 
 
Rightsize existing 25K SF Old Navy to 17K SF and remerchandise remaining space with an 8K SF Five Below
 
 
 
 
 
 
 
 
 
 
 
 
Total Anchor Space Repositionings:
 
 
 
 
 
 
 
Number of Projects
 
Expected Total
Project Costs
 
NOI Yield
 
 
 
 
 
In Process
16
 
 $ 66,598
 
14.1%
 
 
 
 
 
Completed
23
 
           60,755
 
19.3%
 
 
 
 
 
TOTAL
39
 
 $ 127,354
 
16.6%
 
 
 
 
 
 
 
 
 
 
 
 
 
 



Page 43



Brixmor Property Group
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
New Lease Net Effective Rent
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Twelve Months Ended
 
Three Months Ended:
 
 
 
 
12/31/2013
 
12/31/2013
 
9/30/2013
 
6/30/2013
 
3/31/2013
 
NEW LEASES
 
 
 
 
 
 
 
 
 
 
 
Weighted average over lease term:
 
 
 
 
 
 
 
 
 
 
 
 
Base rent
 
$
14.30

 
$
15.84

 
$
13.73

 
$
14.65

 
$
12.62

 
 
TI/TA allowance
 
(1.67
)
 
(1.94
)
 
(1.63
)
 
(1.53
)
 
(1.59
)
 
 
Landlord work
 
(0.87
)
 
(0.71
)
 
(0.67
)
 
(1.35
)
 
(0.69
)
 
 
Third party leasing commissions
 
(0.37
)
 
(0.42
)
 
(0.37
)
 
(0.39
)
 
(0.30
)
 
 
Rent concessions
 
—

 
—

 
—

 
—

 
—

 
EQUIVALENT NET EFFECTIVE RENT
 
$
11.38

 
$
12.77

 
$
11.05

 
$
11.38

 
$
10.03

 
Net effective rent / base rent
 
80
%
 
81
%
 
81
%
 
78
%
 
80%

 
Weighted average term (years)
 
8.3

 
8.9

 
7.9

 
7.7

 
  9.0



Page 44



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Lease Expiration Schedule
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL PORTFOLIO
 
SPACES > 10,000 SF
 
SPACES < 10,000 SF
 
 
 
 
 
Number of
 
 
 
Percent of
 
 
 
Percent
 
Number of
 
 
 
Percent of
 
 
 
Percent
 
Number of
 
 
 
Percent of
 
 
 
Percent
 
 
 
 
 
Leases
 
Leased GLA
 
Leased GLA
 
ABR / SF
 
of ABR
 
Leases
 
Leased GLA
 
Leased GLA
 
ABR / SF
 
of ABR
 
Leases
 
Leased GLA
 
Leased GLA
 
ABR / SF
 
of ABR
 
 
ASSUMES NO EXERCISE OF RENEWAL OPTIONS AND NO BASE RENT ESCALATIONS OVER LEASE TERM
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Month to Month
386

 
1,132,548

 
1.4
%
 
$
13.01

 
1.6
%
 
14

 
296,366

 
0.5
%
 
$
8.33

 
0.5
%
 
372

 
836,182

 
3.9
%
 
$
14.67

 
3.2
%
 
 
 
2014
 
1,446

 
6,964,251

 
8.7
%
 
12.00

 
9.4
%
 
129

 
3,555,853

 
6.0
%
 
7.88

 
5.5
%
 
1,317

 
3,408,398

 
16.0
%
 
16.31

 
14.4
%
 
 
 
2015
 
1,612

 
12,178,617

 
15.2
%
 
10.57

 
14.4
%
 
280

 
8,822,790

 
15.0
%
 
8.04

 
14.0
%
 
1,332

 
3,355,827

 
15.8
%
 
17.20

 
15.0
%
 
 
 
2016
 
1,553

 
11,868,035

 
14.8
%
 
11.20

 
14.9
%
 
246

 
8,288,226

 
14.1
%
 
8.40

 
13.7
%
 
1,307

 
3,579,809

 
16.8
%
 
17.69

 
16.5
%
 
 
 
2017
 
1,315

 
10,028,855

 
12.5
%
 
11.75

 
13.2
%
 
228

 
7,057,699

 
12.0
%
 
8.74

 
12.1
%
 
1,087

 
2,971,156

 
14.0
%
 
18.92

 
14.6
%
 
 
 
2018
 
1,234

 
9,499,473

 
11.9
%
 
11.93

 
12.7
%
 
203

 
6,566,643

 
11.2
%
 
8.81

 
11.4
%
 
1,031

 
2,932,830

 
13.8
%
 
18.92

 
14.4
%
 
 
 
2019
 
549

 
6,672,087

 
8.3
%
 
10.24

 
7.6
%
 
156

 
5,333,238

 
9.1
%
 
8.24

 
8.6
%
 
393

 
1,338,849

 
6.3
%
 
18.21

 
6.3
%
 
 
 
2020
 
240

 
3,207,357

 
4.0
%
 
11.42

 
4.1
%
 
74

 
2,627,493

 
4.5
%
 
9.43

 
4.9
%
 
166

 
579,864

 
2.7
%
 
20.43

 
3.1
%
 
 
 
2021
 
223

 
3,078,861

 
3.8
%
 
11.20

 
3.9
%
 
84

 
2,579,174

 
4.4
%
 
9.59

 
4.9
%
 
139

 
499,687

 
2.3
%
 
19.51

 
2.5
%
 
 
 
2022
 
223

 
3,464,617

 
4.3
%
 
10.57

 
4.1
%
 
81

 
2,907,512

 
4.9
%
 
8.61

 
4.9
%
 
142

 
557,105

 
2.6
%
 
20.81

 
3.0
%
 
 
 
2023+
 
593

 
12,054,145

 
15.0
%
 
10.47

 
14.1
%
 
273

 
10,831,570

 
18.4
%
 
9.19

 
19.6
%
 
320

 
1,222,575

 
5.7
%
 
21.86

 
6.9
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ASSUMES EXERCISE OF ALL RENEWAL OPTIONS AND ANY BASE RENT ESCALATIONS OVER LEASE TERM (1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Month to Month
386

 
1,132,548

 
1.4
%
 
$
13.35

 
1.7
%
 
14

 
296,366

 
0.5
%
 
$
8.60

 
0.5
%
 
372

 
836,182

 
3.9
%
 
$
15.04

 
3.3
%
 
 
 
2014
 
1,012

 
3,248,309

 
4.1
%
 
13.36

 
4.1
%
 
40

 
925,853

 
1.6
%
 
5.78

 
0.9
%
 
972

 
2,322,456

 
10.9
%
 
16.39

 
8.8
%
 
 
 
2015
 
1,003

 
3,487,544

 
4.4
%
 
13.78

 
4.6
%
 
66

 
1,349,404

 
2.3
%
 
8.23

 
1.8
%
 
937

 
2,138,140

 
10.0
%
 
17.28

 
8.6
%
 
 
 
2016
 
904

 
3,401,126

 
4.2
%
 
13.82

 
4.5
%
 
60

 
1,382,090

 
2.3
%
 
7.93

 
1.8
%
 
844

 
2,019,036

 
9.5
%
 
17.86

 
8.3
%
 
 
 
2017
 
824

 
3,176,207

 
4.0
%
 
14.43

 
4.4
%
 
55

 
1,300,352

 
2.2
%
 
8.66

 
1.8
%
 
769

 
1,875,855

 
8.8
%
 
18.43

 
8.0
%
 
 
 
2018
 
667

 
2,364,416

 
3.0
%
 
16.27

 
3.7
%
 
45

 
890,082

 
1.5
%
 
11.61

 
1.7
%
 
622

 
1,474,334

 
6.9
%
 
19.08

 
6.5
%
 
 
 
2019
 
491

 
2,664,237

 
3.3
%
 
13.56

 
3.4
%
 
55

 
1,359,367

 
2.3
%
 
9.60

 
2.1
%
 
436

 
1,304,870

 
6.1
%
 
17.68

 
5.3
%
 
 
 
2020
 
355

 
2,348,427

 
2.9
%
 
13.22

 
3.0
%
 
54

 
1,494,577

 
2.5
%
 
9.93

 
2.4
%
 
301

 
853,850

 
4.0
%
 
18.96

 
3.7
%
 
 
 
2021
 
389

 
1,924,955

 
2.4
%
 
15.51

 
2.8
%
 
37

 
868,086

 
1.5
%
 
9.96

 
1.4
%
 
352

 
1,056,869

 
5.0
%
 
20.08

 
4.9
%
 
 
 
2022
 
380

 
1,850,291

 
2.3
%
 
16.24

 
2.9
%
 
44

 
852,673

 
1.4
%
 
10.25

 
1.4
%
 
336

 
997,618

 
4.7
%
 
21.37

 
4.9
%
 
 
 
2023+
 
2,963

 
54,550,786

 
68.1
%
 
12.58

 
65.3
%
 
1,298

 
48,147,714

 
81.8
%
 
10.85

 
84.4
%
 
1,665

 
6,403,072

 
30.1
%
 
25.58

 
37.9
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) ABR for leases whose future option rent is based on fair market value or CPI is reported as the ABR for the last year of the current lease term.
 
 
 
 
 
 
 
 
 
 
 
 
 
ABR/SF includes ground leases.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Page 45



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
Redevelopment Summary (Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction
 
 Expected
 
 
 
 
 
 
 
 
 
 
 
Percent
 
Stabilization
 
Percent
 
 Total
 
NOI
 
 
 
Property Name
 
City, State
 
Project Description
 
Leased
 
Quarter
 
Complete
 
 Project Cost
 
Yield
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
IN PROCESS REDEVELOPMENTS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1

Florence Plaza - Florence Square
 
Florence, KY
 
Redevelopment of former theatre and adjacent small shop space to accommodate a 124K SF Kroger Marketplace
 
97.5
%
 
Mar-14
 
51
%
 
$
6,604

 
10.0
%
 
 
2

Valley Crossing
 
Hickory, NC
 
Redevelopment of north end of shopping center with a 71K SF Academy Sports, a 16K SF Harbor Freight Tools and one new junior anchor, as well as façade improvements
 
84.2
%
 
Jun-14
 
88
%
 
7,667

 
11.9
%
 
 
3

The Commons at Wolfcreek
 
Memphis, TN
 
Rightsizing of existing 50K SF Value City Furniture to 38K SF and remerchandise excess space and adjacent retail space with a 74K SF Academy Sports in a newly constructed building
 
93.9
%
 
Dec-14
 
4
%
 
7,862

 
10.8
%
 
 
 
TOTAL IN PROCESS REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE
 
 
 
 
 
 
 
22,133

 
10.9
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
COMPLETED REDEVELOPMENTS - TWELVE MONTHS ENDED 12/31/13
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1

College Plaza
 
Selden, NY
 
Construction of a 68K SF ShopRite and re-location and rightsizing of existing Bob’s Store to 31K SF, as well as façade renovation
 
96.6
%
 
Mar-13
 
100
%
 
12,800

 
15.8
%
 
 
2

Naples Plaza
 
Naples, FL
 
Construction of a 55K SF Publix prototype, recapture and reposition Books-A-Million with a 14K SF West Marine and an additional junior anchor and façade improvements
 
100.0
%
 
Mar-13
 
100
%
 
8,603

 
11.2
%
 
 
3

West Loop Shopping Center
 
Manhattan, KS
 
Construction of a 77K SF Dillons (Kroger) prototype by demolishing existing retail space on west side of shopping center and redevelopment of former Dillons with a 25K SF Marshalls and a 22K SF Jo-Ann Fabrics
 
97.3
%
 
Sep-13
 
100
%
 
6,742

 
14.5
%
 
 
 
TOTAL COMPLETED REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE
 
 
 
 
 
 
 
28,145

 
14.1
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL REDEVELOPMENT ACTIVITIES / WEIGHTED AVERAGE
 
 
 
 
 
 
 
$
50,278

 
12.7
%
 


Page 46



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Property List (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR / SF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
1

 
Winchester Plaza
 
Huntsville
 
AL
 
Huntsville, AL
 
2006
 
75,780

 
94.6
%
 
$
858

 
$
11.96

 
Publix
 
—
 
 
2

 
Springdale
 
Mobile
 
AL
 
Mobile, AL
 
2004
 
611,972

 
90.2
%
 
3,981

 
7.32

 
Sam's Club*
 
Belk, Best Buy, Big Lots, Burlington Coat Factory, Marshalls, Michaels, Staples
 
 
3

 
Payton Park
 
Sylacauga
 
AL
 
Talladega-Sylacauga, AL
 
1995
 
231,820

 
99.0
%
 
1,513

 
6.59

 
Walmart Supercenter
 
Burke's Outlet
 
 
4

 
Shops of Tuscaloosa
 
Tuscaloosa
 
AL
 
Tuscaloosa, AL
 
2005
 
70,242

 
92.6
%
 
814

 
12.51

 
Publix
 
—
 
 
5

 
Glendale Galleria
 
Glendale
 
AZ
 
Phoenix-Mesa-Scottsdale, AZ
 
1991
 
119,525

 
82.5
%
 
661

 
6.71

 
—
 
Sears Outlet
 
 
6

 
Northmall Centre
 
Tucson
 
AZ
 
Tucson, AZ
 
1996
 
168,585

 
89.6
%
 
1,325

 
8.77

 
Sam's Club*
 
CareMore, JC Penney Home Store, Stein Mart
 
 
7

 
Applegate Ranch Shopping Center
Atwater
 
CA
 
Merced, CA
 
2006
 
144,444

 
85.7
%
 
1,904

 
15.38

 
SuperTarget*
 
Marshalls
 
Walmart
8

 
Bakersfield Plaza
 
Bakersfield
 
CA
 
Bakersfield, CA
 
2013
 
236,873

 
99.9
%
 
2,890

 
12.21

 
Lassens Natural Foods & Vitamins
 
Burlington Coat Factory, CVS, Ross Dress for Less
 
 
9

 
Carmen Plaza
 
Camarillo
 
CA
 
Oxnard-Thousand Oaks-Ventura, CA
 
2000
 
129,173

 
100.0
%
 
1,993

 
16.26

 
Trader Joe's*
 
24 Hour Fitness, CVS, Michaels
 
 
10

 
Plaza Rio Vista
 
Cathedral
 
CA
 
Riverside-San Bernardino-Ontario, CA
 
2005
 
67,622

 
88.2
%
 
1,030

 
17.27

 
Stater Bros.
 
—
 
 
11

 
Clovis Commons
 
Clovis
 
CA
 
Fresno, CA
 
2004
 
174,990

 
95.9
%
 
3,653

 
21.77

 
—
 
Best Buy, Office Depot, PetSmart, T.J.Maxx
 
Target
12

 
Cudahy Plaza
 
Cudahy
 
CA
 
Los Angeles-Long Beach-Anaheim, CA
 
1994
 
147,804

 
99.2
%
 
1,362

 
9.29

 
—
 
Big Lots, Kmart
 
 
13

 
University Mall
 
Davis
 
CA
 
Sacramento--Roseville--Arden-Arcade, CA
 
2011
 
106,023

 
93.1
%
 
1,892

 
19.16

 
Trader Joe's
 
Forever 21, World Market
 
 
14

 
Felicita Plaza
 
Escondido
 
CA
 
San Diego-Carlsbad, CA
 
2001
 
98,714

 
98.8
%
 
1,331

 
13.65

 
Vons (Safeway)
 
Chuze Fitness
 
 
15

 
Arbor - Broadway Faire
 
Fresno
 
CA
 
Fresno, CA
 
1995
 
252,634

 
94.7
%
 
3,373

 
14.10

 
Smart & Final
 
PetSmart, The Home Depot, United Artists Theatres
 
 
16

 
Lompoc Shopping Center
 
Lompoc
 
CA
 
Santa Maria-Santa Barbara, CA
 
2012
 
179,495

 
96.4
%
 
1,901

 
11.88

 
Vons (Safeway)
 
Marshalls, Michaels, Staples
 
 
17

 
Briggsmore Plaza
 
Modesto
 
CA
 
Modesto, CA
 
1998
 
99,315

 
100.0
%
 
1,016

 
10.78

 
Grocery Outlet
 
Dunhill Furniture
 
 
18

 
Montebello Plaza
 
Montebello
 
CA
 
Los Angeles-Long Beach-Anaheim, CA
 
2012
 
283,631

 
96.8
%
 
4,640

 
17.22

 
Albertsons
 
99¢ Only, Best Buy, CVS, Ross Dress for Less
 
 
19

 
California Oaks Center
 
Murrieta
 
CA
 
Riverside-San Bernardino-Ontario, CA
 
1990
 
125,187

 
91.2
%
 
1,579

 
14.31

 
Ralphs (Kroger)
 
—
 
 
20

 
Esplanade Shopping Center
 
Oxnard
 
CA
 
Oxnard-Thousand Oaks-Ventura, CA
 
2012
 
356,864

 
99.7
%
 
6,760

 
19.16

 
Walmart Neighborhood Market
 
Bed Bath & Beyond, Dick's Sporting Goods, LA Fitness, Nordstrom Rack, T.J.Maxx
 
The Home Depot
21

 
Pacoima Center
 
Pacoima
 
CA
 
Los Angeles-Long Beach-Anaheim, CA
 
1995
 
202,773

 
100.0
%
 
1,993

 
9.83

 
Food 4 Less
 
Ross Dress for Less, Target
 
 
22

 
Paradise Plaza
 
Paradise
 
CA
 
Chico, CA
 
1997
 
198,323

 
93.8
%
 
813

 
7.25

 
Save Mart
 
Kmart, Rite Aid
 
 
23

 
Metro 580
 
Pleasanton
 
CA
 
San Francisco-Oakland-Hayward, CA
 
2004
 
176,510

 
87.2
%
 
2,090

 
35.74

 
—
 
Kohl's, Sport Chalet
 
Walmart
24

 
Rose Pavilion
 
Pleasanton
 
CA
 
San Francisco-Oakland-Hayward, CA
 
2005
 
293,359

 
96.5
%
 
5,945

 
21.01

 
99 Ranch Market
 
Golfsmith, Macy's Home Store
 
 
25

 
Puente Hills Town Center
 
Rowland Heights
 
CA
 
Los Angeles-Long Beach-Anaheim, CA
 
1984
 
259,162

 
98.2
%
 
4,896

 
19.25

 
—
 
Marshalls, Michaels
 
 
26

 
San Bernardino Center
 
San Bernardino
 
CA
 
Riverside-San Bernardino-Ontario, CA
 
2003
 
143,082

 
100.0
%
 
1,040

 
7.27

 
—
 
Big Lots, Target
 
 
27

 
Ocean View Plaza
 
San Clemente
 
CA
 
Los Angeles-Long Beach-Anaheim, CA
 
1997
 
169,963

 
98.9
%
 
4,331

 
25.76

 
Ralphs (Kroger), Trader Joe's
 
CVS, Fitness Elite for Women
 
 
28

 
Mira Mesa Mall
 
San Diego
 
CA
 
San Diego-Carlsbad, CA
 
2003
 
407,100

 
98.2
%
 
7,386

 
19.30

 
Vons (Safeway)
 
Bed Bath & Beyond, Kohl's, Marshalls, Mira Mesa Lanes
 
 
29

 
San Dimas Plaza
 
San Dimas
 
CA
 
Los Angeles-Long Beach-Anaheim, CA
 
2013
 
164,757

 
91.9
%
 
3,203

 
21.16

 
Smart & Final Extra!
 
T.J.Maxx
 
Rite Aid
30

 
Bristol Plaza
 
Santa Ana
 
CA
 
Los Angeles-Long Beach-Anaheim, CA
 
2003
 
111,403

 
100.0
%
 
2,739

 
33.05

 
Trader Joe's
 
Big Lots, Petco, Rite Aid
 
 
31

 
Gateway Plaza
 
Santa Fe Springs
 
CA
 
Los Angeles-Long Beach-Anaheim, CA
 
2002
 
289,268

 
100.0
%
 
3,440

 
11.89

 
El Super, Walmart Supercenter
 
LA Fitness
 
Target
32

 
Santa Paula Shopping Center
 
Santa Paula
 
CA
 
Oxnard-Thousand Oaks-Ventura, CA
 
1995
 
191,475

 
98.7
%
 
1,850

 
9.79

 
Vons (Safeway)
 
Big Lots, Heritage Hardware
 
 
33

 
Vail Ranch Center
 
Temecula
 
CA
 
Riverside-San Bernardino-Ontario, CA
 
2003
 
201,904

 
89.3
%
 
2,453

 
13.60

 
Stater Bros.
 
Stein Mart
 
 
34

 
Country Hills Shopping Center
 
Torrance
 
CA
 
Los Angeles-Long Beach-Anaheim, CA
 
1977
 
56,750

 
100.0
%
 
931

 
17.49

 
Ralphs (Kroger)
 
—
 
 
35

 
Gateway Plaza - Vallejo
 
Vallejo
 
CA
 
Vallejo-Fairfield, CA
 
1991
 
490,407

 
97.5
%
 
7,519

 
15.80

 
Costco*
 
Bed Bath & Beyond, Century Theatres, Marshalls, Ross Dress for Less, Toys"R"Us
 
Target
36

 
Arvada Plaza
 
Arvada
 
CO
 
Denver-Aurora-Lakewood, CO
 
1994
 
95,236

 
100.0
%
 
670

 
7.04

 
King Soopers (Kroger)
 
Arc
 
 
37

 
Arapahoe Crossings
 
Aurora
 
CO
 
Denver-Aurora-Lakewood, CO
 
2003
 
466,363

 
96.3
%
 
5,684

 
12.66

 
King Soopers (Kroger)
 
2nd & Charles, AMC Theatres, Big Lots, Gordmans, Kohl's, Marshalls
 
 
38

 
Aurora Plaza
 
Aurora
 
CO
 
Denver-Aurora-Lakewood, CO
 
1996
 
178,491

 
97.3
%
 
1,226

 
7.32

 
King Soopers (Kroger)
 
Cinema Latino
 
 
39

 
Villa Monaco
 
Denver
 
CO
 
Denver-Aurora-Lakewood, CO
 
2013
 
122,139

 
83.1
%
 
1,231

 
12.12

 
Walmart Neighborhood Market
 
—
 
 
40

 
Superior Marketplace
 
Superior
 
CO
 
Boulder, CO
 
2004
 
278,790

 
91.3
%
 
3,779

 
14.85

 
Whole Foods Market, Costco*, SuperTarget*
 
Ross Dress for Less, Sports Authority, T.J.Maxx
 
 

Page 47



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Property List (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR / SF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
41

 
Westminster City Center
 
Westminster
 
CO
 
Denver-Aurora-Lakewood, CO
 
2013
 
337,540

 
86.7
%
 
4,470

 
15.28

 
—
 
Babies"R"Us, Barnes & Noble, Gordmans, Ross Dress for Less
 
 
42

 
Freshwater - Stateline Plaza
 
Enfield
 
CT
 
Hartford-West Hartford-East Hartford, CT
 
2004
 
295,647

 
100.0
%
 
2,574

 
16.20

 
Costco
 
Dick's Sporting Goods, P.C. Richard & Son
 
The Home Depot
43

 
The Shoppes at Fox Run
 
Glastonbury
 
CT
 
Hartford-West Hartford-East Hartford, CT
 
2012
 
108,627

 
95.3
%
 
2,406

 
23.25

 
Whole Foods Market
 
Petco
 
 
44

 
Groton Square
 
Groton
 
CT
 
Norwich-New London, CT
 
1987
 
196,802

 
100.0
%
 
2,627

 
13.35

 
Super Stop & Shop (Ahold)
 
Kohl's
 
 
45

 
Parkway Plaza
 
Hamden
 
CT
 
New Haven-Milford, CT
 
2006
 
72,353

 
92.1
%
 
917

 
13.75

 
PriceRite (ShopRite)
 
—
 
 
46

 
Killingly Plaza
 
Killingly
 
CT
 
Worcester, MA-CT
 
1990
 
75,304

 
93.7
%
 
480

 
6.80

 
—
 
Kohl's
 
 
47

 
The Manchester Collection
 
Manchester
 
CT
 
Hartford-West Hartford-East Hartford, CT
 
2001
 
342,247

 
96.8
%
 
4,385

 
13.24

 
Sam's Club*
 
Ashley Furniture, Babies"R"Us, Bed Bath & Beyond, Savers, Sports Authority
 
Walmart
48

 
Chamberlain Plaza
 
Meriden
 
CT
 
New Haven-Milford, CT
 
2004
 
55,264

 
89.0
%
 
437

 
8.88

 
—
 
Dollar Tree, Savers
 
 
49

 
Milford Center
 
Milford
 
CT
 
New Haven-Milford, CT
 
1966
 
25,056

 
100.0
%
 
341

 
13.60

 
Xpect Discounts
 
—
 
 
50

 
Turnpike Plaza
 
Newington
 
CT
 
Hartford-West Hartford-East Hartford, CT
 
2004
 
150,741

 
100.0
%
 
2,378

 
15.77

 
Price Chopper
 
Dick's Sporting Goods
 
 
51

 
North Haven Crossing
 
North Haven
 
CT
 
New Haven-Milford, CT
 
1993
 
104,017

 
97.9
%
 
1,691

 
16.61

 
—
 
Barnes & Noble, Dollar Tree, DSW, PetSmart, Staples
 
 
52

 
Christmas Tree Plaza
 
Orange
 
CT
 
New Haven-Milford, CT
 
1996
 
132,791

 
85.6
%
 
1,738

 
15.29

 
—
 
A.C. Moore, Christmas Tree Shops
 
 
53

 
Stratford Square
 
Stratford
 
CT
 
Bridgeport-Stamford-Norwalk, CT
 
2013
 
161,539

 
88.0
%
 
1,686

 
11.86

 
—
 
Marshalls, Regal Cinemas
 
 
54

 
Torrington Plaza
 
Torrington
 
CT
 
Torrington, CT
 
1994
 
125,496

 
97.9
%
 
1,362

 
11.50

 
—
 
Jo-Ann Fabric & Craft Stores, Staples, T.J.Maxx
 
 
55

 
Waterbury Plaza
 
Waterbury
 
CT
 
New Haven-Milford, CT
 
2000
 
197,206

 
86.2
%
 
2,210

 
13.00

 
Super Stop & Shop (Ahold)
 
Pretty Woman
 
Target
56

 
Waterford Commons
 
Waterford
 
CT
 
Norwich-New London, CT
 
2004
 
236,800

 
100.0
%
 
4,378

 
18.49

 
—
 
Babies"R"Us, Dick’s Sporting Goods
 
Best Buy
57

 
North Dover Shopping Center
 
Dover
 
DE
 
Dover, DE
 
2013
 
191,855

 
100.0
%
 
2,070

 
10.79

 
Acme (Albertsons)
 
Party City, Staples, T.J.Maxx, Toys"R"Us
 
 
58

 
Apopka Commons
 
Apopka
 
FL
 
Orlando-Kissimmee-Sanford, FL
 
2010
 
42,507

 
100.0
%
 
582

 
13.68

 
—
 
Staples
 
The Home Depot
59

 
Brooksville Square
 
Brooksville
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
2013
 
152,661

 
89.6
%
 
1,398

 
10.22

 
Publix
 
Sears Outlet
 
 
60

 
Coastal Way - Coastal Landing
 
Brooksville
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
2008
 
368,098

 
97.7
%
 
3,218

 
11.99

 
—
 
Bed Bath & Beyond, Belk, hhgregg, Marshalls, Michaels, Office Depot, Old Navy, Petco, Sears
 
 
61

 
Midpoint Center
 
Cape Coral
 
FL
 
Cape Coral-Fort Myers, FL
 
2002
 
75,386

 
98.1
%
 
957

 
12.93

 
Publix
 
—
 
Target
62

 
Clearwater Mall
 
Clearwater
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
2012
 
300,929

 
97.9
%
 
5,904

 
21.12

 
Costco*, SuperTarget*
 
hhgregg, Michaels, PetSmart, Ross Dress for Less
 
Lowe's
63

 
Coconut Creek
 
Coconut Creek
 
FL
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
2005
 
265,671

 
71.3
%
 
2,339

 
12.36

 
Publix
 
Bealls Outlet, Big Lots, Off the Wall Trampoline
 
 
64

 
Century Plaza Shopping Center
 
Deerfield Beach
 
FL
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
2006
 
90,233

 
72.3
%
 
1,306

 
20.02

 
—
 
Broward County Library
 
 
65

 
Northgate S.C.
 
DeLand
 
FL
 
Deltona-Daytona Beach-Ormond Beach, FL
 
1993
 
186,396

 
97.6
%
 
1,276

 
7.01

 
Publix
 
—
 
 
66

 
Eustis Village
 
Eustis
 
FL
 
Orlando-Kissimmee-Sanford, FL
 
2002
 
156,927

 
94.0
%
 
1,631

 
11.06

 
Publix
 
Beall's
 
 
67

 
First Street Village
 
Fort Meyers
 
FL
 
Cape Coral-Fort Myers, FL
 
2006
 
54,926

 
94.7
%
 
835

 
16.04

 
Publix
 
—
 
 
68

 
Sun Plaza
 
Ft. Walton Beach
 
FL
 
Crestview-Fort Walton Beach-Destin, FL
 
2004
 
158,118

 
96.5
%
 
1,514

 
9.93

 
Publix
 
Beall's, Books-A-Million, Office Depot, T.J.Maxx
 
 
69

 
Normandy Square
 
Jacksonville
 
FL
 
Jacksonville, FL
 
1996
 
87,240

 
100.0
%
 
730

 
8.37

 
Winn-Dixie (BI-LO)
 
CVS, Family Dollar
 
 
70

 
Regency Park
 
Jacksonville
 
FL
 
Jacksonville, FL
 
2006
 
334,065

 
68.3
%
 
1,954

 
8.56

 
—
 
American Signature Furniture, Bealls Outlet, Books-A-Million, Hobby Lobby
 
 
71

 
The Shoppes at Southside
 
Jacksonville
 
FL
 
Jacksonville, FL
 
2004
 
109,113

 
100.0
%
 
2,305

 
21.13

 
—
 
Best Buy, David's Bridal, Sports Authority
 
 
72

 
Ventura Downs
 
Kissimmee
 
FL
 
Orlando-Kissimmee-Sanford, FL
 
2005
 
98,191

 
98.9
%
 
1,211

 
12.47

 
Publix Sabor
 
—
 
 
73

 
Marketplace at Wycliffe
 
Lake Worth
 
FL
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
2002
 
133,520

 
93.5
%
 
1,957

 
15.68

 
—
 
Walgreens
 
 
74

 
Venetian Isle Shopping Ctr
 
Lighthouse Point
 
FL
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
1992
 
189,164

 
91.8
%
 
1,782

 
10.57

 
Publix
 
Petco, Staples, Tuesday Morning, T.J.Maxx
 
 
75

 
Marco Town Center
 
Marco Island
 
FL
 
Naples-Immokalee-Marco Island, FL
 
2001
 
109,830

 
89.0
%
 
1,898

 
19.42

 
Publix
 
—
 
 
76

 
Mall at 163rd Street
 
Miami
 
FL
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
2007
 
370,132

 
64.6
%
 
3,832

 
20.22

 
Walmart Supercenter*
 
Marshalls, Office Depot, Ross Dress for Less
 
 
77

 
Miami Gardens
 
Miami
 
FL
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
1996
 
244,719

 
100.0
%
 
2,468

 
10.09

 
Winn-Dixie (BI-LO)
 
Ross Dress for Less
 
 
78

 
Freedom Square
 
Naples
 
FL
 
Naples-Immokalee-Marco Island, FL
 
1995
 
211,839

 
96.6
%
 
1,762

 
8.61

 
Publix
 
—
 
 
79

 
Naples Plaza
 
Naples
 
FL
 
Naples-Immokalee-Marco Island, FL
 
2013
 
200,820

 
100.0
%
 
3,335

 
16.90

 
Publix
 
Marshalls, Office Depot, PGA TOUR Superstore
 
 

Page 48



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Property List (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR / SF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
80

 
Park Shore Shopping Center
 
Naples
 
FL
 
Naples-Immokalee-Marco Island, FL
 
2013
 
232,820

 
98.0
%
 
1,913

 
8.39

 
The Fresh Market
 
Big Lots, HomeGoods, Kmart, YouFit Health Club
 
 
81

 
Chelsea Place
 
New Port Richey
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
1992
 
81,144

 
97.0
%
 
883

 
11.21

 
Publix
 
Zone Fitness Club
 
 
82

 
Southgate
 
New Port Richey
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
2012
 
238,838

 
90.3
%
 
1,956

 
9.51

 
Publix
 
Bealls Outlet, Big Lots, Old Time Pottery
 
 
83

 
Presidential Plaza
 
North Lauderdale
 
FL
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
2006
 
88,306

 
86.6
%
 
732

 
9.57

 
Sedano's
 
Family Dollar
 
 
84

 
Fashion Square
 
Orange Park
 
FL
 
Jacksonville, FL
 
1996
 
36,029

 
50.4
%
 
377

 
29.22

 
—
 
Miller's Orange Park Ale House, Ruby Tuesday, Samurai Japanese Steakhouse
 
 
85

 
Colonial Marketplace
 
Orlando
 
FL
 
Orlando-Kissimmee-Sanford, FL
 
2006
 
141,069

 
100.0
%
 
2,064

 
14.63

 
—
 
LA Fitness, OfficeMax
 
Target
86

 
Conway Crossing
 
Orlando
 
FL
 
Orlando-Kissimmee-Sanford, FL
 
2002
 
76,321

 
97.7
%
 
883

 
11.84

 
Publix
 
—
 
 
87

 
Hunters Creek
 
Orlando
 
FL
 
Orlando-Kissimmee-Sanford, FL
 
1998
 
73,204

 
100.0
%
 
1,109

 
15.14

 
—
 
Office Depot
 
 
88

 
Pointe Orlando
 
Orlando
 
FL
 
Orlando-Kissimmee-Sanford, FL
 
2013
 
408,002

 
85.5
%
 
6,751

 
20.59

 
—
 
Regal Cinemas
 
 
89

 
Martin Downs Town Center
 
Palm City
 
FL
 
Port St. Lucie, FL
 
1996
 
64,546

 
100.0
%
 
817

 
12.65

 
Publix
 
—
 
 
90

 
Martin Downs Village Center
 
Palm City
 
FL
 
Port St. Lucie, FL
 
1987
 
161,604

 
76.9
%
 
2,145

 
17.26

 
—
 
Goodwill, Martin Memorial, Walgreens
 
 
91

 
23rd Street Station
 
Panama City
 
FL
 
Panama City, FL
 
1995
 
98,827

 
89.8
%
 
1,021

 
11.51

 
Publix
 
—
 
 
92

 
Panama City Square
 
Panama City
 
FL
 
Panama City, FL
 
2013
 
298,685

 
99.5
%
 
2,185

 
7.35

 
Walmart Supercenter
 
Big Lots, Michaels, Sports Authority, T.J.Maxx
 
 
93

 
Pensacola Square
 
Pensacola
 
FL
 
Pensacola-Ferry Pass-Brent, FL
 
1995
 
142,767

 
88.2
%
 
1,079

 
9.13

 
—
 
Beall's, Big Lots, Sears Home Appliance Showroom
 
Hobby Lobby
94

 
Shopper's Haven Shopping Ctr
 
Pompano Beach
 
FL
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
1998
 
206,791

 
94.5
%
 
2,449

 
12.94

 
Winn-Dixie (BI-LO)
 
A.C. Moore, Bealls Outlet, Bed Bath & Beyond, Party City, YouFit Health Club
 
 
95

 
East Port Plaza
 
Port St. Lucie
 
FL
 
Port St. Lucie, FL
 
1991
 
162,831

 
82.4
%
 
1,770

 
13.20

 
Publix
 
Medvance, Walgreens
 
 
96

 
Shoppes of Victoria Square
 
Port St. Lucie
 
FL
 
Port St. Lucie, FL
 
1990
 
95,243

 
84.0
%
 
919

 
11.48

 
Winn-Dixie (BI-LO)
 
Dollar Tree
 
 
97

 
Lake St. Charles
 
Riverview
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
1999
 
57,015

 
95.4
%
 
553

 
10.18

 
Sweetbay Supermarket (BI-LO)
 
—
 
 
98

 
Cobblestone Village I and II
 
Royal Palm Beach
FL
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
2005
 
39,404

 
70.7
%
 
484

 
17.37

 
SuperTarget*
 
Blue Fish Restaurant, The Zoo Health Club
 
 
99

 
Beneva Village Shops
 
Sarasota
 
FL
 
North Port-Sarasota-Bradenton, FL
 
1987
 
141,532

 
89.1
%
 
1,477

 
11.71

 
Publix
 
Harbor Freight Tools, Walgreens, YouFit Health Club
 
 
100

 
Sarasota Village
 
Sarasota
 
FL
 
North Port-Sarasota-Bradenton, FL
 
2011
 
173,184

 
99.2
%
 
1,869

 
11.16

 
Publix
 
Big Lots, Crunch Fitness, HomeGoods
 
 
101

 
Atlantic Plaza
 
Satellite Beach
 
FL
 
Palm Bay-Melbourne-Titusville, FL
 
2008
 
128,405

 
74.8
%
 
1,208

 
23.94

 
Publix
 
—
 
 
102

 
Seminole Plaza
 
Seminole
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
1995
 
146,579

 
95.9
%
 
935

 
6.65

 
—
 
Burlington Coat Factory, T.J.Maxx
 
 
103

 
Cobblestone Village
 
St. Augustine
 
FL
 
Jacksonville, FL
 
2003
 
261,081

 
97.4
%
 
3,232

 
12.71

 
Publix
 
Beall's, Bed Bath & Beyond, Michaels, Petco, Ross Dress for Less
 
 
104

 
Dolphin Village
 
St. Pete Beach
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
1990
 
136,224

 
81.3
%
 
1,507

 
13.61

 
Publix
 
CVS, Dollar Tree
 
 
105

 
Bay Point Plaza
 
St. Petersburg
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
2002
 
103,986

 
83.7
%
 
891

 
10.23

 
Publix
 
Beall's
 
 
106

 
Rutland Plaza
 
St. Petersburg
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
2002
 
149,562

 
97.2
%
 
1,236

 
8.50

 
Winn-Dixie (BI-LO)
 
Beall’s, Big Lots
 
 
107

 
Skyway Plaza
 
St. Petersburg
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
2002
 
110,799

 
94.1
%
 
896

 
8.60

 
—
 
Dollar Tree
 
 
108

 
Tyrone Gardens
 
St. Petersburg
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
1998
 
209,337

 
84.9
%
 
1,554

 
8.75

 
Winn-Dixie (BI-LO)
 
Big Lots, Chuck E. Cheese’s
 
 
109

 
Downtown Publix
 
Stuart
 
FL
 
Port St. Lucie, FL
 
2000
 
153,246

 
71.9
%
 
1,131

 
10.26

 
Publix
 
Schumacher Music
 
 
110

 
Sunrise Town Center
 
Sunrise
 
FL
 
Miami-Fort Lauderdale-West Palm Beach, FL
 
1989
 
128,109

 
82.4
%
 
1,293

 
12.25

 
Patel Brothers
 
Dollar Tree, LA Fitness
 
Walmart
111

 
Carrollwood Center
 
Tampa
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
2002
 
93,673

 
98.2
%
 
1,333

 
14.49

 
Publix
 
Rarehues
 
 
112

 
Ross Plaza
 
Tampa
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
1996
 
90,625

 
94.7
%
 
1,117

 
13.01

 
—
 
Deal$, Ross Dress for Less
 
 
113

 
Tarpon Mall
 
Tarpon Springs
 
FL
 
Tampa-St. Petersburg-Clearwater, FL
 
2003
 
145,832

 
100.0
%
 
2,102

 
14.41

 
Publix
 
Petco, T.J.Maxx
 
 
114

 
Venice Plaza
 
Venice
 
FL
 
North Port-Sarasota-Bradenton, FL
 
1999
 
132,345

 
95.5
%
 
782

 
6.19

 
Sweetbay Supermarket (BI-LO)
 
T.J.Maxx
 
 

Page 49



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Property List (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR / SF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
115

 
Venice Shopping Center
 
Venice
 
FL
 
North Port-Sarasota-Bradenton, FL
 
2000
 
109,801

 
76.2
%
 
427

 
5.11

 
Publix
 
Beall's
 
 
116

 
Governors Town Square
 
Acworth
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2005
 
68,658

 
98.0
%
 
1,125

 
16.72

 
Publix
 
—
 
 
117

 
Albany Plaza
 
Albany
 
GA
 
Albany, GA
 
1995
 
114,169

 
75.1
%
 
541

 
6.31

 
Harveys (BI-LO)
 
Big Lots, OK Beauty & Fashions Outlet
 
 
118

 
Mansell Crossing
 
Alpharetta
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2005
 
332,364

 
97.9
%
 
4,476

 
13.76

 
—
 
AMC Theatres, Barnes & Noble, Macy's Furniture Gallery, Sports Authority, T.J.Maxx
 
Toys"R"Us
119

 
Perlis Plaza
 
Americus
 
GA
 
Americus, GA
 
1972
 
165,315

 
79.9
%
 
685

 
5.18

 
—
 
Belk, Roses
 
 
120

 
Northeast Plaza
 
Atlanta
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2013
 
442,200

 
87.6
%
 
3,610

 
9.46

 
G-Mart International Foods
 
Atlanta Ballroom Dance Club, dd's Discounts, Goodwill
 
 
121

 
Augusta West Plaza
 
Augusta
 
GA
 
Augusta-Richmond County, GA-SC
 
2006
 
207,823

 
71.2
%
 
1,078

 
7.29

 
—
 
Burlington Coat Factory, Dollar Tree
 
 
122

 
Sweetwater Village
 
Austell
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1985
 
66,197

 
96.4
%
 
457

 
7.17

 
Food Depot
 
Family Dollar
 
 
123

 
Vineyards at Chateau Elan
 
Braselton
 
GA
 
—
 
2002
 
79,047

 
82.4
%
 
931

 
14.29

 
Publix
 
—
 
 
124

 
Cedar Plaza
 
Cedartown
 
GA
 
Cedartown, GA
 
1994
 
83,300

 
100.0
%
 
594

 
7.14

 
Kroger
 
Gold's Gym
 
 
125

 
Conyers Plaza
 
Conyers
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2001
 
171,374

 
91.4
%
 
1,739

 
11.10

 
Walmart Supercenter*
 
Jo-Ann Fabric & Craft Stores, PetSmart, Value Village
 
The Home Depot
126

 
Cordele Square
 
Cordele
 
GA
 
Cordele, GA
 
2002
 
127,953

 
82.6
%
 
648

 
6.12

 
Harveys (BI-LO)
 
Belk, Citi Trends, Cordele Theatres
 
 
127

 
Covington Gallery
 
Covington
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1991
 
174,857

 
93.6
%
 
1,121

 
6.85

 
Ingles
 
Kmart
 
 
128

 
Salem Road Station
 
Covington
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2000
 
67,270

 
83.2
%
 
602

 
10.76

 
Publix
 
—
 
 
129

 
Keith Bridge Commons
 
Cumming
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2002
 
94,886

 
87.7
%
 
1,062

 
12.76

 
Kroger
 
Anytime Fitness
 
 
130

 
Northside
 
Dalton
 
GA
 
Dalton, GA
 
2001
 
73,931

 
86.3
%
 
490

 
7.67

 
BI-LO
 
Family Dollar
 
 
131

 
Cosby Station
 
Douglasville
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1994
 
77,811

 
91.4
%
 
745

 
10.48

 
Publix
 
—
 
 
132

 
Park Plaza
 
Douglasville
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1986
 
46,494

 
63.8
%
 
451

 
15.18

 
Kroger*
 
—
 
 
133

 
Dublin Village
 
Dublin
 
GA
 
Dublin, GA
 
2005
 
98,540

 
88.7
%
 
601

 
6.88

 
Kroger
 
—
 
 
134

 
Westgate
 
Dublin
 
GA
 
Dublin, GA
 
2004
 
118,938

 
86.4
%
 
537

 
5.43

 
Harveys (BI-LO)
 
Beall's, Big Lots
 
The Home Depot
135

 
Venture Pointe
 
Duluth
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2012
 
155,172

 
97.1
%
 
1,627

 
10.80

 
—
 
American Signature Furniture, Ollie's Bargain Outlet, Studio Movie Grill
 
 
136

 
Banks Station
 
Fayetteville
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2006
 
176,451

 
81.4
%
 
1,103

 
8.96

 
Food Depot
 
Cinemark, Staples
 
 
137

 
Barrett Place
 
Kennesaw
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1994
 
218,818

 
100.0
%
 
2,088

 
9.54

 
—
 
Best Buy, Michaels, OfficeMax, PetSmart, Sports Authority, The Furniture Mall
 
 
138

 
Shops of Huntcrest
 
Lawrenceville
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2003
 
97,040

 
96.7
%
 
1,198

 
12.77

 
Publix
 
—
 
 
139

 
Mableton Walk
 
Mableton
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1994
 
105,884

 
83.7
%
 
1,044

 
11.78

 
Publix
 
—
 
 
140

 
The Village at Mableton
 
Mableton
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1998
 
239,013

 
63.3
%
 
900

 
6.21

 
—
 
Dollar Tree, Kmart
 
 
141

 
North Park
 
Macon
 
GA
 
Macon, GA
 
2013
 
216,795

 
94.2
%
 
1,164

 
5.70

 
Kroger
 
Kmart
 
 
142

 
Marshalls at Eastlake
 
Marietta
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1982
 
54,976

 
97.1
%
 
479

 
8.97

 
—
 
Marshalls
 
 
143

 
New Chastain Corners
 
Marietta
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2004
 
113,079

 
81.3
%
 
924

 
10.05

 
Kroger
 
—
 
 
144

 
Pavilions at Eastlake
 
Marietta
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1996
 
157,888

 
86.6
%
 
1,566

 
11.45

 
Kroger
 
J. Christopher's
 
 

Page 50



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Property List (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR / SF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
145

 
Perry Marketplace
 
Perry
 
GA
 
Warner Robins, GA
 
2004
 
179,973

 
77.0
%
 
938

 
6.78

 
Kroger
 
Ace Hardware, Beall's Outlet, Peebles
 
 
146

 
Creekwood Village
 
Rex
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1990
 
69,778

 
92.1
%
 
518

 
8.05

 
Food Depot
 
—
 
 
147

 
Shops of Riverdale
 
Riverdale
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1995
 
16,808

 
100.0
%
 
271

 
16.12

 
Walmart Supercenter*
 
—
 
 
148

 
Holcomb Bridge Crossing
 
Roswell
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
1988
 
105,420

 
91.7
%
 
899

 
9.30

 
—
 
PGA TOUR Superstore
 
 
149

 
Victory Square
 
Savannah
 
GA
 
Savannah, GA
 
2007
 
122,739

 
98.5
%
 
1,710

 
14.48

 
SuperTarget*
 
Citi Trends, Dollar Tree, Frank Theatres, Staples
 
The Home Depot
150

 
Stockbridge Village
 
Stockbridge
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2008
 
188,103

 
76.9
%
 
1,980

 
13.69

 
Kroger
 
—
 
 
151

 
Stone Mountain Festival
 
Stone Mountain
 
GA
 
Atlanta-Sandy Springs-Roswell, GA
 
2006
 
347,091

 
89.2
%
 
1,746

 
5.64

 
Walmart Supercenter
 
Hobby Lobby
 
 
152

 
Wilmington Island
 
Wilmington Island
 
GA
 
Savannah, GA
 
2003
 
87,818

 
70.9
%
 
761

 
12.21

 
Kroger
 
—
 
 
153

 
Davenport Retail Center
 
Davenport
 
IA
 
Davenport-Moline-Rock Island, IA-IL
 
1996
 
62,588

 
100.0
%
 
720

 
11.50

 
SuperTarget*
 
Factory Card & Party Outlet, PetSmart, Staples
 
 
154

 
Kimberly West Shopping Center
 
Davenport
 
IA
 
Davenport-Moline-Rock Island, IA-IL
 
1987
 
113,713

 
86.0
%
 
579

 
5.92

 
Hy-Vee
 
—
 
 
155

 
Haymarket Mall
 
Des Moines
 
IA
 
Des Moines-West Des Moines, IA
 
2002
 
241,572

 
96.8
%
 
1,233

 
5.56

 
—
 
Burlington Coat Factory, Hobby Lobby
 
 
156

 
Haymarket Square
 
Des Moines
 
IA
 
Des Moines-West Des Moines, IA
 
2002
 
269,705

 
71.6
%
 
1,203

 
9.21

 
Dahl's Foods
 
Big Lots, Northern Tool + Equipment, Office Depot
 
 
157

 
Warren Plaza
 
Dubuque
 
IA
 
Dubuque, IA
 
1993
 
96,339

 
96.7
%
 
745

 
7.99

 
Hy-Vee
 
—
 
Target
158

 
Annex of Arlington
 
Arlington Heights
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
2012
 
193,175

 
93.0
%
 
2,785

 
15.50

 
Trader Joe's
 
Barnes & Noble, Binny's Beverage Depot, hhgregg, Petco
 
 
159

 
Ridge Plaza
 
Arlington Heights
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
2000
 
151,643

 
88.8
%
 
1,834

 
13.62

 
—
 
Savers, XSport Fitness
 
Kohl's
160

 
Bartonville Square
 
Bartonville
 
IL
 
Peoria, IL
 
2001
 
61,678

 
95.7
%
 
300

 
5.69

 
Kroger
 
—
 
 
161

 
Festival Center
 
Bradley
 
IL
 
Kankakee, IL
 
2006
 
63,796

 
76.7
%
 
286

 
5.85

 
—
 
Big Lots, Dollar General
 
 
162

 
Southfield Plaza
 
Bridgeview
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
2006
 
198,331

 
96.9
%
 
2,053

 
10.69

 
Shop 'n Save
 
Hobby Lobby
 
 
163

 
Commons of Chicago Ridge
 
Chicago Ridge
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
1998
 
324,490

 
96.9
%
 
3,877

 
13.28

 
—
 
Marshalls, Office Depot, The Home Depot, XSport Fitness
 
 
164

 
Rivercrest Shopping Center
 
Crestwood
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
2013
 
488,680

 
93.0
%
 
5,258

 
12.85

 
Ultra Foods
 
Best Buy, PetSmart, Ross Dress for Less, T.J.Maxx
 
 
165

 
The Commons of Crystal Lake
 
Crystal Lake
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
2013
 
273,060

 
87.7
%
 
2,550

 
10.65

 
Jewel-Osco (Albertsons)
 
Marshalls, Toys"R"Us
 
Hobby Lobby
166

 
Elk Grove Town Center
 
Elk Grove Village
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
1998
 
131,849

 
99.2
%
 
2,018

 
15.43

 
Joe Caputo & Sons Fruit Market
 
Walgreens
 
 
167

 
Crossroads Centre
 
Fairview Heights
 
IL
 
St. Louis, MO-IL
 
1975
 
242,198

 
86.7
%
 
1,920

 
11.12

 
—
 
Big Lots, Hobby Lobby, T.J.Maxx
 
 
168

 
Frankfort Crossing Shopping Center
Frankfort
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
1992
 
114,534

 
89.7
%
 
1,360

 
13.24

 
Jewel-Osco (Albertsons)
 
Ace Hardware
 
 
169

 
Freeport Plaza
 
Freeport
 
IL
 
Freeport, IL
 
2000
 
87,846

 
100.0
%
 
566

 
6.44

 
Cub Foods (Supervalu)
 
Stone's Hallmark
 
 
170

 
Westview Center
 
Hanover Park
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
1989
 
326,372

 
89.9
%
 
2,604

 
9.19

 
Tony's Finer Foods
 
Big Lots, LA Fitness
 
Value City
171

 
The Quentin Collection
 
Kildeer
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
2006
 
166,742

 
99.1
%
 
2,685

 
16.25

 
The Fresh Market
 
Best Buy, DSW, PetSmart, Stein Mart
 
 
172

 
Butterfield Square
 
Libertyville
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
2013
 
106,755

 
92.7
%
 
1,470

 
14.85

 
Sunset Foods
 
—
 
 
173

 
High Point Centre
 
Lombard
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
1992
 
240,046

 
94.8
%
 
2,413

 
10.61

 
Ultra Foods
 
Babies"R"Us, Office Depot
 
 
174

 
Long Meadow Commons
 
Mundelein
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
1997
 
118,470

 
87.1
%
 
1,524

 
16.06

 
—
 
—
 
 

Page 51



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Property List (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR / SF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
175

 
Westridge Court
 
Naperville
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
2013
 
673,082

 
98.2
%
 
7,309

 
11.06

 
—
 
Big Lots, buybuy BABY, Carson Pirie Scott Furniture Gallery, Gordmans, hhgregg, Hollywood Palms Cinema, Marshalls, Savers
 
 
176

 
Sterling Bazaar
 
Peoria
 
IL
 
Peoria, IL
 
1992
 
84,438

 
97.2
%
 
800

 
9.97

 
Kroger
 
—
 
 
177

 
Rollins Crossing
 
Round Lake Beach
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
1998
 
192,911

 
97.2
%
 
1,862

 
16.21

 
—
 
LA Fitness, Regal Cinemas
 
 
178

 
Twin Oaks Shopping Center
 
Silvis
 
IL
 
Davenport-Moline-Rock Island, IA-IL
 
1991
 
114,342

 
96.4
%
 
709

 
6.43

 
Hy-Vee
 
Eye Surgeons Associates
 
 
179

 
Parkway Pointe
 
Springfield
 
IL
 
Springfield, IL
 
1994
 
38,737

 
85.9
%
 
569

 
17.09

 
—
 
dressbarn, Family Christian Stores, Shoe Carnival
 
Target, Walmart
180

 
Sangamon Center North
 
Springfield
 
IL
 
Springfield, IL
 
1996
 
139,907

 
94.9
%
 
1,228

 
9.25

 
Schnucks
 
U.S. Post Office
 
 
181

 
Tinley Park Plaza
 
Tinley Park
 
IL
 
Chicago-Naperville-Elgin, IL-IN-WI
 
2005
 
249,954

 
91.5
%
 
2,460

 
10.76

 
Walt's Fine Foods
 
—
 
 
182

 
Meridian Village Plaza
 
Carmel
 
IN
 
Indianapolis-Carmel-Anderson, IN
 
1990
 
130,769

 
91.3
%
 
1,011

 
8.47

 
—
 
Godby Home Furnishings, Ollie's Bargain Outlet
 
 
183

 
Columbus Center
 
Columbus
 
IN
 
Columbus, IN
 
2005
 
143,703

 
99.5
%
 
1,463

 
10.23

 
—
 
Big Lots, MC Sports, OfficeMax, T.J.Maxx
 
Target
184

 
Elkhart Plaza West
 
Elkhart
 
IN
 
Elkhart-Goshen, IN
 
1997
 
81,651

 
93.2
%
 
587

 
7.71

 
Martin's Super Market
 
CVS
 
 
185

 
Apple Glen Crossing
 
Fort Wayne
 
IN
 
Fort Wayne, IN
 
2002
 
150,156

 
90.5
%
 
1,742

 
16.39

 
Walmart Supercenter*
 
Best Buy, Dick's Sporting Goods, PetSmart
 
Kohl's
186

 
Elkhart Market Centre
 
Goshen
 
IN
 
Elkhart-Goshen, IN
 
1994
 
363,883

 
97.3
%
 
2,194

 
6.20

 
Sam's Club
 
Walmart
 
 
187

 
Marwood Plaza
 
Indianapolis
 
IN
 
Indianapolis-Carmel-Anderson, IN
 
1992
 
107,080

 
82.1
%
 
681

 
7.75

 
Kroger
 
Rainbow
 
 
188

 
Westlane Shopping Center
 
Indianapolis
 
IN
 
Indianapolis-Carmel-Anderson, IN
 
1982
 
71,490

 
97.5
%
 
474

 
6.81

 
Marsh Supermarket
 
Family Dollar
 
 
189

 
Valley View Plaza
 
Marion
 
IN
 
Marion, IN
 
1997
 
29,974

 
96.0
%
 
372

 
12.93

 
Walmart Supercenter*
 
Aaron's
 
 
190

 
Bittersweet Plaza
 
Mishawaka
 
IN
 
South Bend-Mishawaka, IN-MI
 
2000
 
91,798

 
89.2
%
 
682

 
8.32

 
Martin's Super Market
 
—
 
 
191

 
Lincoln Plaza
 
New Haven
 
IN
 
Fort Wayne, IN
 
1968
 
103,938

 
59.9
%
 
517

 
8.31

 
Kroger
 
—
 
 
192

 
Speedway Super Center
 
Speedway
 
IN
 
Indianapolis-Carmel-Anderson, IN
 
2010
 
577,360

 
82.9
%
 
4,028

 
8.83

 
Kroger
 
Kohl's, Sears Outlet, T.J.Maxx
 
 
193

 
Sagamore Park Centre
 
West Lafayette
 
IN
 
Lafayette-West Lafayette, IN
 
2003
 
118,436

 
88.7
%
 
989

 
9.42

 
Pay Less (Kroger)
 
—
 
 
194

 
Westchester Square
 
Lenexa
 
KS
 
Kansas City, MO-KS
 
1987
 
164,838

 
80.1
%
 
1,131

 
8.57

 
Hy-Vee
 
—
 
 
195

 
West Loop Shopping Center
 
Manhattan
 
KS
 
Manhattan, KS
 
2013
 
209,454

 
97.3
%
 
1,722

 
13.58

 
Dillons (Kroger)
 
Bellus Academy, Jo-Ann Fabric & Craft Stores, Marshalls
 
 
196

 
Green River Plaza
 
Campbellsville
 
KY
 
Campbellsville, KY
 
1989
 
203,239

 
99.0
%
 
1,318

 
6.55

 
Kroger
 
Burke's Outlet, Goody’s, JC Penney, Jo-Ann Fabric & Craft Stores, Tractor Supply Co.
 
 
197

 
Kmart Plaza
 
Elizabethtown
 
KY
 
Elizabethtown-Fort Knox, KY
 
1992
 
130,466

 
100.0
%
 
855

 
6.56

 
—
 
Kmart, Staples
 
 
198

 
Florence Plaza - Florence Square
Florence
 
KY
 
Cincinnati, OH-KY-IN
 
2013
 
624,090

 
97.5
%
 
5,777

 
12.47

 
Kroger
 
Barnes & Noble, Hobby Lobby, HomeGoods, Old Navy, Ollie's Bargain Outlet, Staples, T.J.Maxx
 
 
199

 
Highland Commons
 
Glasgow
 
KY
 
Glasgow, KY
 
1992
 
130,466

 
98.2
%
 
736

 
5.75

 
Food Lion
 
Kmart
 
 
200

 
Jeffersontown Commons
 
Jeffersontown
 
KY
 
Louisville/Jefferson County, KY-IN
 
2005
 
208,374

 
82.9
%
 
1,486

 
9.13

 
—
 
King Pin Lanes, Louisville Athletic Club
 
 
201

 
Mist Lake Plaza
 
Lexington
 
KY
 
Lexington-Fayette, KY
 
1993
 
217,292

 
93.0
%
 
1,425

 
7.05

 
—
 
Gabriel Brothers, Walmart
 
 
202

 
London Marketplace
 
London
 
KY
 
London, KY
 
1994
 
169,032

 
100.0
%
 
1,090

 
6.45

 
Kroger
 
Burke's Outlet, Kmart
 
 
203

 
Eastgate Shopping Center
 
Louisville
 
KY
 
Louisville/Jefferson County, KY-IN
 
2002
 
174,947

 
96.5
%
 
1,627

 
9.63

 
Kroger
 
—
 
 
204

 
Plainview Village
 
Louisville
 
KY
 
Louisville/Jefferson County, KY-IN
 
1997
 
164,367

 
88.3
%
 
1,276

 
9.31

 
Kroger
 
—
 
 

Page 52



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Property List (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR / SF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
205

 
Stony Brook I & II
 
Louisville
 
KY
 
Louisville/Jefferson County, KY-IN
 
1988
 
136,919

 
92.8
%
 
1,654

 
13.01

 
Kroger
 
—
 
 
206

 
Towne Square North
 
Owensboro
 
KY
 
Owensboro, KY
 
1988
 
163,161

 
100.0
%
 
1,153

 
7.06

 
—
 
Books-A-Million, Hobby Lobby, Office Depot
 
 
207

 
Lexington Road Plaza
 
Versailles
 
KY
 
Lexington-Fayette, KY
 
2007
 
197,668

 
100.0
%
 
1,431

 
7.24

 
Kroger
 
Kmart
 
 
208

 
Karam Shopping Center
 
Lafayette
 
LA
 
Lafayette, LA
 
1998
 
100,238

 
88.4
%
 
258

 
2.91

 
Super 1 Foods
 
Conn's
 
 
209

 
Iberia Plaza
 
New Iberia
 
LA
 
Lafayette, LA
 
1992
 
131,731

 
95.0
%
 
705

 
5.63

 
Super 1 Foods
 
—
 
 
210

 
Lagniappe Village
 
New Iberia
 
LA
 
Lafayette, LA
 
2010
 
201,360

 
96.9
%
 
1,470

 
7.53

 
—
 
Big Lots, Citi Trends, Stage, T.J.Maxx
 
 
211

 
The Pines
 
Pineville
 
LA
 
Alexandria, LA
 
1991
 
179,039

 
97.8
%
 
1,076

 
6.15

 
Super 1 Foods
 
Kmart
 
 
212

 
Points West
 
Brockton
 
MA
 
Boston-Cambridge-Newton, MA-NH
 
2007
 
139,255

 
84.0
%
 
1,033

 
8.83

 
PriceRite (ShopRite)
 
Ocean State Job Lot
 
 
213

 
Burlington Square I, II & III
 
Burlington
 
MA
 
Boston-Cambridge-Newton, MA-NH
 
1992
 
86,290

 
100.0
%
 
2,014

 
23.34

 
—
 
Golf Galaxy, Pyara Aveda Spa & Salon, Staples
 
 
214

 
Chicopee Marketplace
 
Chicopee
 
MA
 
Springfield, MA
 
2005
 
150,959

 
100.0
%
 
2,479

 
17.01

 
Walmart Supercenter*
 
Marshalls, Staples
 
 
215

 
Holyoke Shopping Center
 
Holyoke
 
MA
 
Springfield, MA
 
2000
 
201,875

 
94.8
%
 
1,444

 
10.87

 
Super Stop & Shop (Ahold)
 
Ocean State Job Lot
 
 
216

 
WaterTower Plaza
 
Leominster
 
MA
 
Worcester, MA-CT
 
2000
 
296,077

 
92.0
%
 
3,735

 
13.71

 
Shaw's (Albertsons)
 
Ocean State Job Lot, T.J.Maxx
 
 
217

 
Lunenberg Crossing
 
Lunenburg
 
MA
 
Worcester, MA-CT
 
1994
 
25,515

 
47.1
%
 
205

 
17.05

 
Hannaford Bros. (Delhaize)*
 
—
 
Walmart
218

 
Lynn Marketplace
 
Lynn
 
MA
 
Boston-Cambridge-Newton, MA-NH
 
1968
 
78,092

 
100.0
%
 
879

 
11.25

 
Shaw's (Albertsons)
 
Rainbow
 
 
219

 
Berkshire Crossing
 
Pittsfield
 
MA
 
Pittsfield, MA
 
1994
 
442,549

 
99.9
%
 
3,858

 
19.44

 
Price Chopper
 
The Home Depot, Ulta, Walmart
 
 
220

 
Westgate Plaza
 
Westfield
 
MA
 
Springfield, MA
 
1996
 
103,903

 
97.3
%
 
1,112

 
11.33

 
—
 
Ocean State Job Lot, Staples, T.J.Maxx
 
 
221

 
Perkins Farm Marketplace
 
Worcester
 
MA
 
Worcester, MA-CT
 
1998
 
204,038

 
67.9
%
 
1,729

 
12.48

 
Super Stop & Shop (Ahold)
 
CW Price
 
 
222

 
South Plaza Shopping Center
 
California
 
MD
 
California-Lexington Park, MD
 
2005
 
92,335

 
100.0
%
 
1,655

 
17.92

 
—
 
Best Buy, Old Navy, Petco, Ross Dress for Less
 
 
223

 
Campus Village
 
College Park
 
MD
 
Washington-Arlington-Alexandria, DC-VA-MD-WV
1986
 
25,529

 
75.3
%
 
504

 
26.19

 
—
 
—
 
 
224

 
Fox Run
 
Prince Frederick
 
MD
 
Washington-Arlington-Alexandria, DC-VA-MD-WV
1997
 
292,849

 
98.3
%
 
3,011

 
10.45

 
Giant Food (Ahold)
 
Jo-Ann Fabric & Craft Stores, Kmart, Peebles
 
 
225

 
Liberty Plaza
 
Randallstown
 
MD
 
Baltimore-Columbia-Towson, MD
 
2012
 
219,862

 
99.5
%
 
2,543

 
11.62

 
Walmart Supercenter
 
Marshalls
 
 
226

 
Rising Sun Towne Centre
 
Rising Sun
 
MD
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
2013
 
141,702

 
94.9
%
 
1,656

 
12.63

 
Martin's Food (Ahold)
 
Big Lots
 
 
227

 
BJ's Plaza
 
Portland
 
ME
 
Portland-South Portland, ME
 
1991
 
104,233

 
100.0
%
 
803

 
7.70

 
BJ’s Wholesale Club
 
—
 
 
228

 
Pine Tree Shopping Center
 
Portland
 
ME
 
Portland-South Portland, ME
 
1958
 
287,513

 
89.4
%
 
1,721

 
19.44

 
—
 
Big Lots, Lowe's
 
 
229

 
Maple Village
 
Ann Arbor
 
MI
 
Ann Arbor, MI
 
2000
 
293,525

 
97.3
%
 
2,463

 
8.63

 
Plum Market
 
Dunham's Sports, Kmart
 
 
230

 
Grand Crossing
 
Brighton
 
MI
 
Detroit-Warren-Dearborn, MI
 
2005
 
85,389

 
86.2
%
 
703

 
9.56

 
VG's Food (SpartanNash)
 
ACO Hardware
 
 
231

 
Farmington Crossroads
 
Farmington
 
MI
 
Detroit-Warren-Dearborn, MI
 
2013
 
87,391

 
91.8
%
 
740

 
9.23

 
—
 
Dollar Tree, Ollie's Bargain Outlet, True Value
 
 
232

 
Silver Pointe Shopping Center
 
Fenton
 
MI
 
Flint, MI
 
1996
 
163,919

 
79.4
%
 
1,646

 
12.65

 
VG's Food (SpartanNash)
 
Dunham's Sports
 
 
233

 
Cascade East
 
Grand Rapids
 
MI
 
Grand Rapids-Wyoming, MI
 
1983
 
99,529

 
76.7
%
 
562

 
7.37

 
D&W Fresh Market (SpartanNash)
 
—
 
 
234

 
Delta Center
 
Lansing
 
MI
 
Lansing-East Lansing, MI
 
2005
 
186,246

 
95.4
%
 
1,355

 
8.09

 
—
 
Bed Bath & Beyond, Gift & Bible Center, Hobby Lobby, Planet Fitness
 
 

Page 53



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Property List (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR / SF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
235

 
Lakes Crossing
 
Muskegon
 
MI
 
Muskegon, MI
 
2011
 
114,623

 
81.4
%
 
1,265

 
14.84

 
—
 
Jo-Ann Fabric & Craft Stores, Party City
 
Kohl's
236

 
Redford Plaza
 
Redford
 
MI
 
Detroit-Warren-Dearborn, MI
 
1992
 
293,827

 
90.4
%
 
2,380

 
8.96

 
Kroger
 
Burlington Coat Factory, CW Price
 
 
237

 
Hampton Village Centre
 
Rochester Hills
 
MI
 
Detroit-Warren-Dearborn, MI
 
2004
 
454,719

 
98.8
%
 
5,430

 
15.87

 
—
 
Best Buy, Emagine Theatre, Kohl's, T.J.Maxx
 
Target
238

 
Fashion Corners
 
Saginaw
 
MI
 
Saginaw, MI
 
2004
 
187,832

 
96.6
%
 
1,767

 
9.74

 
—
 
Bed Bath & Beyond, Best Buy, Dunham's Sports
 
 
239

 
Green Acres
 
Saginaw
 
MI
 
Saginaw, MI
 
2011
 
281,646

 
79.1
%
 
1,486

 
10.91

 
Kroger
 
Ollie's Bargain Outlet, Planet Fitness
 
 
240

 
Hall Road Crossing
 
Shelby Township
 
MI
 
Detroit-Warren-Dearborn, MI
 
1999
 
175,503

 
100.0
%
 
2,268

 
12.92

 
—
 
Gander Mountain, Michaels, Old Navy, T.J.Maxx
 
 
241

 
Southfield Plaza
 
Southfield
 
MI
 
Detroit-Warren-Dearborn, MI
 
2002
 
106,948

 
70.1
%
 
818

 
10.90

 
—
 
Dollar Castle, Planet Fitness
 
Burlington Coat Factory
242

 
18 Ryan
 
Sterling Heights
 
MI
 
Detroit-Warren-Dearborn, MI
 
1997
 
101,709

 
100.0
%
 
1,419

 
13.95

 
VG's Food (SpartanNash)
 
O'Reilly Auto Parts, Planet Fitness
 
 
243

 
Delco Plaza
 
Sterling Heights
 
MI
 
Detroit-Warren-Dearborn, MI
 
1996
 
154,853

 
100.0
%
 
885

 
5.72

 
—
 
Babies"R"Us, Bed Bath & Beyond, Dunham's Mega Sports
 
 
244

 
Grand Traverse Crossing
 
Traverse City
 
MI
 
Traverse City, MI
 
1996
 
412,755

 
96.9
%
 
2,642

 
27.52

 
Walmart Supercenter
 
Books-A-Million, The Home Depot
 
 
245

 
West Ridge
 
Westland
 
MI
 
Detroit-Warren-Dearborn, MI
 
1989
 
163,131

 
75.6
%
 
850

 
6.89

 
—
 
Bargain Club, Office Solutions, The Tile Shop
 
Burlington Coat Factory, Target
246

 
Roundtree Place
 
Ypsilanti
 
MI
 
Ann Arbor, MI
 
1992
 
246,620

 
99.2
%
 
1,647

 
6.73

 
—
 
Ollie's Bargain Outlet, Walmart
 
 
247

 
Washtenaw Fountain Plaza
 
Ypsilanti
 
MI
 
Ann Arbor, MI
 
2005
 
123,390

 
89.2
%
 
719

 
6.53

 
Save-A-Lot
 
Dollar Tree, Dunham's Sports, Planet Fitness
 
 
248

 
Southport Centre I - VI
 
Apple Valley
 
MN
 
Minneapolis-St. Paul-Bloomington, MN-WI
 
1985
 
124,937

 
100.0
%
 
2,020

 
16.17

 
SuperTarget*
 
Best Buy, Dollar Tree, Walgreens
 
 
249

 
Austin Town Center
 
Austin
 
MN
 
Austin, MN
 
1999
 
110,680

 
96.5
%
 
744

 
6.97

 
ALDI
 
Jo-Ann Fabric & Craft Stores, Staples
 
Target
250

 
Burning Tree Plaza
 
Duluth
 
MN
 
Duluth, MN-WI
 
1987
 
182,969

 
97.0
%
 
1,784

 
10.05

 
—
 
Best Buy, Dunham's Sports, T.J.Maxx
 
 
251

 
Elk Park Center
 
Elk River
 
MN
 
Minneapolis-St. Paul-Bloomington, MN-WI
 
1999
 
204,992

 
94.9
%
 
1,913

 
9.99

 
Cub Foods (Jerry's Foods)
 
OfficeMax
 
 
252

 
Westwind Plaza
 
Minnetonka
 
MN
 
Minneapolis-St. Paul-Bloomington, MN-WI
 
2007
 
87,942

 
100.0
%
 
1,227

 
13.95

 
Cub Foods (Supervalu)*
 
—
 
 
253

 
Richfield Hub & West Shopping Center
Richfield
 
MN
 
Minneapolis-St. Paul-Bloomington, MN-WI
 
1992
 
215,334

 
82.0
%
 
2,104

 
11.92

 
Rainbow Foods (Roundy's)
 
Marshalls, Michaels
 
 
254

 
Roseville Center
 
Roseville
 
MN
 
Minneapolis-St. Paul-Bloomington, MN-WI
 
2000
 
76,894

 
79.8
%
 
861

 
14.02

 
Rainbow Foods (Roundy's)*
 
Dollar Tree, Hancock Fabrics
 
 
255

 
Marketplace @ 42
 
Savage
 
MN
 
Minneapolis-St. Paul-Bloomington, MN-WI
 
1999
 
117,873

 
96.5
%
 
1,481

 
13.29

 
Rainbow Foods (Roundy's)
 
—
 
 
256

 
Sun Ray Shopping Center
 
St. Paul
 
MN
 
Minneapolis-St. Paul-Bloomington, MN-WI
 
2013
 
290,392

 
88.1
%
 
2,227

 
11.72

 
Cub Foods (Supervalu)
 
Blast Fitness, T.J.Maxx, Valu Thrift Store
 
 
257

 
White Bear Hills Shopping Center
 
White Bear Lake
 
MN
 
Minneapolis-St. Paul-Bloomington, MN-WI
 
1996
 
73,095

 
100.0
%
 
691

 
9.45

 
Festival Foods
 
Dollar Tree
 
 
258

 
Ellisville Square
 
Ellisville
 
MO
 
St. Louis, MO-IL
 
1989
 
148,940

 
89.5
%
 
1,119

 
8.40

 
—
 
Kmart, Lukas Liquors
 
 
259

 
Clocktower Place
 
Florissant
 
MO
 
St. Louis, MO-IL
 
2013
 
207,317

 
91.2
%
 
1,311

 
7.05

 
ALDI
 
Florissant Furniture & Rug Gallery, Office Depot, Ross Dress for Less
 
 
260

 
Hub Shopping Center
 
Independence
 
MO
 
Kansas City, MO-KS
 
1995
 
160,423

 
92.9
%
 
795

 
5.69

 
Price Chopper
 
—
 
 
261

 
Watts Mill Plaza
 
Kansas City
 
MO
 
Kansas City, MO-KS
 
1997
 
161,717

 
100.0
%
 
1,502

 
9.29

 
Price Chopper
 
Ace Hardware
 
 
262

 
Liberty Corners
 
Liberty
 
MO
 
Kansas City, MO-KS
 
1987
 
124,808

 
100.0
%
 
966

 
7.74

 
Price Chopper
 
Rainbow
 
 
263

 
Maplewood Square
 
Maplewood
 
MO
 
St. Louis, MO-IL
 
1998
 
71,590

 
88.6
%
 
428

 
6.75

 
Shop 'n Save (Supervalu)
 
—
 
 
264

 
Clinton Crossing
 
Clinton
 
MS
 
Jackson, MS
 
2008
 
112,148

 
92.1
%
 
947

 
9.46

 
Kroger
 
—
 
 

Page 54



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Property List (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR / SF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
265

 
County Line Plaza
 
Jackson
 
MS
 
Jackson, MS
 
1997
 
221,127

 
66.8
%
 
1,823

 
12.33

 
—
 
Conn's, Office Depot
 
 
266

 
Jacksonian Plaza
 
Jackson
 
MS
 
Jackson, MS
 
1990
 
73,041

 
82.5
%
 
337

 
5.75

 
Kroger*
 
Books-A-Million, Office Depot
 
 
267

 
Devonshire Place
 
Cary
 
NC
 
Raleigh, NC
 
2012
 
106,691

 
100.0
%
 
1,425

 
24.81

 
—
 
Dollar Tree, Golf Galaxy, REI
 
 
268

 
McMullen Creek Market
 
Charlotte
 
NC
 
Charlotte-Concord-Gastonia, NC-SC
 
2013
 
283,238

 
77.1
%
 
2,578

 
11.80

 
Walmart Neighborhood Market
 
Burlington Coat Factory
 
 
269

 
The Commons at Chancellor Park
 
Charlotte
 
NC
 
Charlotte-Concord-Gastonia, NC-SC
 
2005
 
348,604

 
81.6
%
 
1,865

 
10.42

 
—
 
Big Lots, The Home Depot, Value City Furniture
 
 
270

 
Parkwest Crossing
 
Durham
 
NC
 
Durham-Chapel Hill, NC
 
1990
 
85,602

 
93.2
%
 
811

 
10.16

 
Food Lion
 
Dollar Tree
 
 
271

 
Macon Plaza
 
Franklin
 
NC
 
—
 
2001
 
92,787

 
86.9
%
 
432

 
5.37

 
BI-LO
 
Peebles
 
 
272

 
Garner Towne Square
 
Garner
 
NC
 
Raleigh, NC
 
1997
 
184,347

 
91.4
%
 
2,008

 
11.92

 
Kroger
 
OfficeMax, PetSmart
 
Target, The Home Depot
273

 
Franklin Square
 
Gastonia
 
NC
 
Charlotte-Concord-Gastonia, NC-SC
 
2007
 
318,435

 
88.8
%
 
2,920

 
11.58

 
Walmart Supercenter*
 
Bed Bath & Beyond, Best Buy, Michaels, Office Max, Ross Dress for Less
 
 
274

 
Wendover Place
 
Greensboro
 
NC
 
Greensboro-High Point, NC
 
2000
 
406,768

 
97.2
%
 
4,515

 
11.42

 
—
 
Babies"R"Us, Christmas Tree Shops, Dick's Sporting Goods, Kohl's, Michaels, Old Navy, PetSmart, Ross Dress for Less
 
Target
275

 
University Commons
 
Greenville
 
NC
 
Greenville, NC
 
2013
 
233,153

 
98.7
%
 
2,954

 
12.83

 
Harris Teeter (Kroger)
 
A.C. Moore, Barnes & Noble, T.J.Maxx
 
Target
276

 
Valley Crossing
 
Hickory
 
NC
 
Hickory-Lenoir-Morganton, NC
 
2013
 
191,431

 
84.2
%
 
1,376

 
8.54

 
—
 
Academy Sports + Outdoors, Harbor Freight Tools, Ollie's Bargain Outlet
 
 
277

 
Kinston Pointe
 
Kinston
 
NC
 
Kinston, NC
 
2001
 
250,580

 
98.3
%
 
819

 
13.52

 
Walmart Supercenter
 
Dollar Tree
 
 
278

 
Magnolia Plaza
 
Morganton
 
NC
 
Hickory-Lenoir-Morganton, NC
 
1990
 
104,539

 
47.7
%
 
337

 
6.77

 
Ingles
 
—
 
Walmart
279

 
Roxboro Square
 
Roxboro
 
NC
 
Durham-Chapel Hill, NC
 
2005
 
97,226

 
97.2
%
 
1,212

 
13.70

 
—
 
Person County Health & Human Services
 
 
280

 
Innes Street Market
 
Salisbury
 
NC
 
Charlotte-Concord-Gastonia, NC-SC
 
2002
 
349,425

 
98.7
%
 
3,638

 
10.55

 
Food Lion
 
Lowe's, Marshalls, Old Navy, PetSmart, Staples, Tinseltown
 
 
281

 
Salisbury Marketplace
 
Salisbury
 
NC
 
Charlotte-Concord-Gastonia, NC-SC
 
1987
 
79,732

 
72.8
%
 
633

 
10.91

 
Food Lion
 
Family Dollar
 
 
282

 
Crossroads
 
Statesville
 
NC
 
Charlotte-Concord-Gastonia, NC-SC
 
1997
 
340,189

 
96.7
%
 
1,856

 
5.64

 
Walmart Supercenter
 
Big Lots, Burke's Outlet, Tractor Supply
 
 
283

 
Anson Station
 
Wadesboro
 
NC
 
Charlotte-Concord-Gastonia, NC-SC
 
1988
 
132,353

 
65.5
%
 
571

 
6.58

 
Food Lion
 
Goody's, Tractor Supply Co.
 
 
284

 
New Centre Market
 
Wilmington
 
NC
 
Wilmington, NC
 
1998
 
143,762

 
92.6
%
 
1,640

 
12.68

 
—
 
Marshalls, OfficeMax, PetSmart
 
Target
285

 
University Commons
 
Wilmington
 
NC
 
Wilmington, NC
 
2007
 
235,345

 
97.6
%
 
3,129

 
13.63

 
Lowes Foods
 
A.C. Moore, HomeGoods, T.J.Maxx
 
 
286

 
Whitaker Square
 
Winston Salem
 
NC
 
Winston-Salem, NC
 
1996
 
82,760

 
94.8
%
 
1,006

 
12.82

 
Harris Teeter (Kroger)
 
Rugged Wearhouse
 
 
287

 
Parkway Plaza
 
Winston-Salem
 
NC
 
Winston-Salem, NC
 
2005
 
283,830

 
91.6
%
 
2,748

 
11.12

 
Super Compare Foods
 
Big Lots, Citi Trends, Office Depot
 
 
288

 
Stratford Commons
 
Winston-Salem
 
NC
 
Winston-Salem, NC
 
1995
 
72,308

 
83.8
%
 
867

 
14.32

 
—
 
Golf Galaxy, Mattress Firm, OfficeMax
 
 
289

 
Bedford Grove
 
Bedford
 
NH
 
Manchester-Nashua, NH
 
1989
 
216,941

 
100.0
%
 
2,011

 
20.55

 
Hannaford Bros. (Delhaize)
 
Walmart
 
 
290

 
Capitol Shopping Center
 
Concord
 
NH
 
Concord, NH
 
2001
 
182,887

 
100.0
%
 
1,747

 
9.78

 
DeMoulas Supermarkets
 
Burlington Coat Factory, Jo-Ann Fabric & Craft Stores, Marshalls
 
 
291

 
Willow Springs Plaza
 
Nashua
 
NH
 
Manchester-Nashua, NH
 
1990
 
131,248

 
100.0
%
 
2,078

 
17.26

 
—
 
JC Penney, Jordan's Warehouse, NAMCO, Petco
 
The Home Depot
292

 
Seacoast Shopping Center
 
Seabrook
 
NH
 
Boston-Cambridge-Newton, MA-NH
 
1991
 
91,690

 
92.1
%
 
1,057

 
12.51

 
—
 
Jo-Ann Fabric & Craft Stores
 
Walmart
293

 
Tri-City Plaza
 
Somersworth
 
NH
 
Boston-Cambridge-Newton, MA-NH
 
1990
 
146,947

 
85.2
%
 
1,029

 
8.22

 
DeMoulas Supermarkets
 
T.J.Maxx
 
 
294

 
Laurel Square
 
Brick
 
NJ
 
New York-Newark-Jersey City, NY-NJ-PA
 
2003
 
246,235

 
91.7
%
 
1,792

 
7.94

 
Pathmark (A&P)
 
Kmart
 
 

Page 55



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Property List (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR / SF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
295

 
the Shoppes at Cinnaminson
 
Cinnaminson
 
NJ
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
2010
 
297,862

 
99.4
%
 
4,252

 
21.66

 
ShopRite
 
Burlington Coat Factory, Ross Dress For Less
 
 
296

 
A&P Fresh Market
 
Clark
 
NJ
 
New York-Newark-Jersey City, NY-NJ-PA
 
2007
 
52,812

 
100.0
%
 
1,357

 
25.70

 
A&P Fresh
 
—
 
 
297

 
Collegetown Shopping Center
 
Glassboro
 
NJ
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
2013
 
250,515

 
93.6
%
 
1,908

 
8.14

 
—
 
Kmart, LA Fitness, Staples
 
 
298

 
Hamilton Plaza-Kmart Plaza
 
Hamilton
 
NJ
 
Trenton, NJ
 
2013
 
148,919

 
96.7
%
 
1,002

 
6.96

 
—
 
Kmart
 
 
299

 
Bennetts Mills Plaza
 
Jackson
 
NJ
 
New York-Newark-Jersey City, NY-NJ-PA
 
2002
 
127,230

 
89.2
%
 
1,428

 
30.79

 
Super Stop & Shop (Ahold)
 
—
 
 
300

 
Lakewood Plaza
 
Lakewood
 
NJ
 
New York-Newark-Jersey City, NY-NJ-PA
 
1966
 
203,547

 
97.1
%
 
2,921

 
14.77

 
ShopRite
 
—
 
 
301

 
Marlton Crossing
 
Marlton
 
NJ
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
2013
 
333,255

 
97.4
%
 
4,988

 
15.37

 
—
 
Burlington Coat Factory, DSW, HomeGoods, T.J.Maxx
 
 
302

 
Middletown Plaza
 
Middletown
 
NJ
 
New York-Newark-Jersey City, NY-NJ-PA
 
2001
 
197,466

 
100.0
%
 
3,653

 
18.50

 
ShopRite
 
—
 
 
303

 
Old Bridge Gateway
 
Old Bridge
 
NJ
 
New York-Newark-Jersey City, NY-NJ-PA
 
1995
 
235,995

 
89.1
%
 
3,274

 
15.56

 
—
 
Marshalls, Pep Boys, Robert Wood Johnson Fitness
 
 
304

 
Morris Hills Shopping Center
 
Parsippany
 
NJ
 
New York-Newark-Jersey City, NY-NJ-PA
 
1994
 
159,230

 
91.4
%
 
2,537

 
22.83

 
—
 
Blink Fitness (Equinox), Clearview Cinema Group, HomeGoods, Marshalls
 
 
305

 
Rio Grande Plaza
 
Rio Grande
 
NJ
 
Ocean City, NJ
 
1997
 
141,355

 
97.0
%
 
1,562

 
11.38

 
ShopRite*
 
JC Penney, Peebles, PetSmart
 
 
306

 
Ocean Heights Shopping Center
 
Somers Point
 
NJ
 
Atlantic City-Hammonton, NJ
 
2006
 
179,199

 
98.3
%
 
3,093

 
17.55

 
ShopRite
 
Staples
 
 
307

 
ShopRite Supermarket
 
Springfield
 
NJ
 
New York-Newark-Jersey City, NY-NJ-PA
 
1965
 
32,209

 
100.0
%
 
389

 
12.09

 
ShopRite
 
—
 
 
308

 
Tinton Falls Plaza
 
Tinton Falls
 
NJ
 
New York-Newark-Jersey City, NY-NJ-PA
 
2006
 
98,410

 
81.1
%
 
1,229

 
15.40

 
A&P*
 
Dollar Tree, WOW! Fitness
 
 
309

 
Cross Keys Commons
 
Turnersville
 
NJ
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
1996
 
216,428

 
90.3
%
 
2,976

 
15.23

 
Walmart Supercenter*
 
Marshalls, Ross Dress for Less
 
 
310

 
Dover Park Plaza
 
Yardville
 
NJ
 
Trenton, NJ
 
2005
 
56,808

 
80.1
%
 
698

 
15.34

 
—
 
CVS, Dollar Buys
 
 
311

 
St Francis Plaza
 
Santa Fe
 
NM
 
Santa Fe, NM
 
1993
 
35,800

 
100.0
%
 
406

 
11.33

 
Whole Foods Market
 
Walgreens
 
 
312

 
Smith's
 
Socorro
 
NM
 
—
 
1976
 
48,000

 
100.0
%
 
506

 
10.54

 
Smith's (Kroger)
 
—
 
 
313

 
Galleria Commons
 
Henderson
 
NV
 
Las Vegas-Henderson-Paradise, NV
 
2005
 
275,011

 
91.7
%
 
2,628

 
10.42

 
—
 
Babies"R"Us, Burlington Coat Factory, Stein Mart, T.J.Maxx
 
 
314

 
Montecito Marketplace
 
Las Vegas
 
NV
 
Las Vegas-Henderson-Paradise, NV
 
2006
 
190,434

 
100.0
%
 
3,648

 
19.16

 
Smith's (Kroger)
 
T.J.Maxx
 
 
315

 
Renaissance Center East
 
Las Vegas
 
NV
 
Las Vegas-Henderson-Paradise, NV
 
2012
 
144,216

 
75.0
%
 
1,289

 
11.91

 
—
 
Savers
 
 
316

 
Parkway Plaza
 
Carle Place
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1993
 
89,704

 
96.0
%
 
2,244

 
26.07

 
—
 
Minado, Stew Leonard's Wines, T.J.Maxx
 
 
317

 
Kmart Plaza
 
Dewitt
 
NY
 
Syracuse, NY
 
1970
 
115,500

 
94.7
%
 
561

 
22.09

 
—
 
Kmart, OfficeMax
 
 
318

 
Unity Plaza
 
East Fishkill
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
2005
 
67,462

 
100.0
%
 
1,383

 
20.50

 
A&P Fresh
 
—
 
 
319

 
Suffolk Plaza
 
East Setauket
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1998
 
84,480

 
98.1
%
 
1,019

 
12.30

 
Waldbaum's (A&P)
 
—
 
Kohl's
320

 
Three Village Shopping Center
 
East Setauket
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1991
 
77,458

 
99.1
%
 
1,789

 
23.32

 
King Kullen
 
Ace Hardware
 
 
321

 
Stewart Plaza
 
Garden City
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1990
 
193,622

 
90.9
%
 
2,678

 
15.22

 
—
 
Burlington Coat Factory, K&G Men's Center
 
 
322

 
Genesee Valley Shopping Center
 
Geneseo
 
NY
 
Rochester, NY
 
2007
 
191,284

 
95.0
%
 
1,669

 
9.46

 
Wegmans
 
Tractor Supply Co.
 
 
323

 
McKinley Plaza
 
Hamburg
 
NY
 
Buffalo-Cheektowaga-Niagara Falls, NY
 
1991
 
93,144

 
97.9
%
 
1,243

 
13.64

 
Wegmans*
 
A.C. Moore, T.J.Maxx
 
 
324

 
Dalewood I, II & III Shopping Center
Hartsdale
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
2012
 
191,441

 
100.0
%
 
5,742

 
30.64

 
H-Mart, Mrs. Green's Natural Market
 
Christmas Tree Shops, T.J.Maxx
 
 

Page 56



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Property List (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR / SF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
325

 
Hornell Plaza
 
Hornell
 
NY
 
Corning, NY
 
2005
 
253,335

 
98.5
%
 
1,984

 
7.95

 
Wegmans
 
Walmart
 
 
326

 
Cayuga Mall
 
Ithaca
 
NY
 
Ithaca, NY
 
2013
 
204,830

 
96.7
%
 
1,585

 
8.01

 
—
 
Jo-Ann Fabric & Craft Stores, Party City, Rite Aid, T.J.Maxx, True Value
 
 
327

 
Kings Park Shopping Center
 
Kings Park
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1985
 
71,940

 
96.4
%
 
1,337

 
19.27

 
Key Food Marketplace
 
T.J.Maxx
 
 
328

 
Falcaro's Plaza
 
Lawrence
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1972
 
61,118

 
98.1
%
 
1,114

 
18.58

 
—
 
Advance Auto Parts, OfficeMax
 
 
329

 
Shops at Seneca Mall
 
Liverpool
 
NY
 
Syracuse, NY
 
2005
 
231,024

 
66.7
%
 
709

 
4.60

 
—
 
Big Lots, Kmart
 
 
330

 
A & P Mamaroneck
 
Mamaroneck
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1976
 
24,978

 
100.0
%
 
177

 
—

 
A&P
 
—
 
 
331

 
Village Square
 
Mamaroneck
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1981
 
17,000

 
100.0
%
 
553

 
32.50

 
Trader Joe's
 
—
 
 
332

 
Sunshine Square
 
Medford
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
2007
 
223,322

 
98.1
%
 
2,814

 
12.84

 
Super Stop & Shop (Ahold)
 
Planet Fitness, Savers
 
 
333

 
Wallkill Plaza
 
Middletown
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
2012
 
209,960

 
85.2
%
 
1,751

 
10.14

 
—
 
Ashley Furniture, Big Lots, Hobby Lobby
 
 
334

 
Monroe ShopRite Plaza
 
Monroe
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1985
 
121,850

 
98.5
%
 
1,735

 
14.45

 
ShopRite
 
Retro Fitness, Rite Aid, U.S. Post Office
 
 
335

 
Rockland Plaza
 
Nanuet
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
2006
 
252,537

 
95.1
%
 
5,885

 
24.50

 
A Matter of Health
 
Barnes & Noble, Marshalls, Modell's Sporting Goods, Petco
 
 
336

 
North Ridge Plaza
 
New Rochelle
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1971
 
40,991

 
77.7
%
 
1,135

 
35.62

 
—
 
Harmon Discount
 
 
337

 
Nesconset Shopping Center
 
Port Jefferson Station
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
2012
 
122,996

 
97.4
%
 
2,243

 
18.71

 
—
 
Dollar Tree, HomeGoods
 
 
338

 
Port Washington
 
Port Washington
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1968
 
19,600

 
100.0
%
 
112

 
5.69

 
North Shore Farms
 
—
 
 
339

 
Roanoke Plaza
 
Riverhead
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
2002
 
99,131

 
100.0
%
 
1,660

 
16.75

 
Best Yet Market
 
CVS, T.J.Maxx
 
 
340

 
Rockville Centre
 
Rockville Centre
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1975
 
44,131

 
100.0
%
 
810

 
18.36

 
—
 
HomeGoods, Rite Aid
 
 
341

 
Mohawk Acres
 
Rome
 
NY
 
Utica-Rome, NY
 
2005
 
159,701

 
90.2
%
 
1,481

 
10.29

 
Price Chopper
 
—
 
 
342

 
College Plaza
 
Selden
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
2013
 
175,682

 
96.6
%
 
2,642

 
15.57

 
ShopRite
 
Blink Fitness (Equinox), Bob's Stores, Rite Aid
 
 
343

 
Campus Plaza
 
Vestal
 
NY
 
Binghamton, NY
 
2003
 
160,744

 
95.8
%
 
1,624

 
10.55

 
—
 
Olum's Furniture & Appliances, Staples
 
 
344

 
Parkway Plaza
 
Vestal
 
NY
 
Binghamton, NY
 
2012
 
204,954

 
100.0
%
 
2,068

 
10.09

 
PriceRite (ShopRite)
 
Bed Bath & Beyond, Kohl's, PetSmart
 
Target
345

 
Shoppes at Vestal
 
Vestal
 
NY
 
Binghamton, NY
 
2000
 
92,328

 
100.0
%
 
1,392

 
15.07

 
—
 
HomeGoods, Michaels, Old Navy
 
 
346

 
Town Square Mall
 
Vestal
 
NY
 
Binghamton, NY
 
2012
 
293,080

 
99.4
%
 
4,453

 
15.29

 
Sam's Club*, Walmart Supercenter*
 
Barnes & Noble, Dick's Sporting Goods, Lowes Cinemas, T.J.Maxx
 
 
347

 
The Plaza at Salmon Run
 
Watertown
 
NY
 
Watertown-Fort Drum, NY
 
1993
 
68,761

 
100.0
%
 
690

 
10.03

 
Hannaford Bros. (Delhaize)
 
Pier 1 Imports
 
 
348

 
Highridge Plaza
 
Yonkers
 
NY
 
New York-Newark-Jersey City, NY-NJ-PA
 
1977
 
88,501

 
95.5
%
 
1,737

 
20.55

 
Pathmark (A&P)
 
—
 
 
349

 
Brunswick Town Center
 
Brunswick
 
OH
 
Cleveland-Elyria, OH
 
2004
 
138,407

 
95.2
%
 
1,754

 
13.31

 
Giant Eagle
 
—
 
The Home Depot
350

 
30th Street Plaza
 
Canton
 
OH
 
Canton-Massillon, OH
 
1999
 
157,055

 
89.1
%
 
1,444

 
10.32

 
Giant Eagle, Marc's
 
—
 
 
351

 
Brentwood Plaza
 
Cincinnati
 
OH
 
Cincinnati, OH-KY-IN
 
2004
 
227,952

 
95.2
%
 
2,172

 
10.48

 
Kroger
 
Conway
 
 
352

 
Delhi Shopping Center
 
Cincinnati
 
OH
 
Cincinnati, OH-KY-IN
 
2012
 
169,603

 
87.8
%
 
1,318

 
9.06

 
Kroger
 
Salvation Army
 
 
353

 
Harpers Station
 
Cincinnati
 
OH
 
Cincinnati, OH-KY-IN
 
2000
 
244,243

 
93.7
%
 
2,807

 
12.27

 
Fresh Thyme Farmers Market
 
HomeGoods, LA Fitness, Stein Mart, T.J.Maxx
 
 
354

 
Western Hills Plaza
 
Cincinnati
 
OH
 
Cincinnati, OH-KY-IN
 
2011
 
314,754

 
100.0
%
 
3,665

 
11.97

 
—
 
Bed Bath & Beyond, Michaels, Sears, Staples, T.J.Maxx
 
Target

Page 57



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Property List (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR / SF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
355

 
Western Village
 
Cincinnati
 
OH
 
Cincinnati, OH-KY-IN
 
2005
 
115,116

 
100.0
%
 
1,068

 
9.28

 
Kroger
 
—
 
 
356

 
Crown Point
 
Columbus
 
OH
 
Columbus, OH
 
1998
 
147,275

 
91.5
%
 
1,219

 
9.04

 
Kroger
 
—
 
 
357

 
Greentree Shopping Center
 
Columbus
 
OH
 
Columbus, OH
 
2005
 
130,712

 
81.2
%
 
1,052

 
10.73

 
Kroger
 
—
 
 
358

 
Brandt Pike Place
 
Dayton
 
OH
 
Dayton, OH
 
2008
 
17,900

 
88.8
%
 
131

 
8.25

 
Kroger*
 
—
 
 
359

 
South Towne Centre
 
Dayton
 
OH
 
Dayton, OH
 
2013
 
331,797

 
96.4
%
 
4,109

 
13.81

 
Health Foods Unlimited
 
Burlington Coat Factory, Christmas Tree Shops, Jo-Ann Fabric & Craft Stores, Value City Furniture
 
 
360

 
The Vineyards
 
Eastlake
 
OH
 
Cleveland-Elyria, OH
 
1989
 
144,820

 
88.5
%
 
751

 
5.86

 
Good Cents Grocery + More (Giant Eagle)
 
Harbor Freight Tools
 
Walmart
361

 
Midway Market Square
 
Elyria
 
OH
 
Cleveland-Elyria, OH
 
2013
 
232,252

 
86.0
%
 
2,310

 
11.56

 
Giant Eagle
 
Dick's Sporting Goods, Jo-Ann Fabric & Craft Stores
 
Target, The Home Depot
362

 
Southland Shopping Center
 
Middleburg Heights
OH
 
Cleveland-Elyria, OH
 
2013
 
684,559

 
94.0
%
 
6,099

 
9.48

 
BJ's Wholesale Club, Giant Eagle, Marc's
 
Burlington Coat Factory, Cleveland Furniture Bank, Jo-Ann Fabric & Craft Stores, Marshalls
 
 
363

 
Tops Plaza
 
North Olmsted
 
OH
 
Cleveland-Elyria, OH
 
2002
 
70,003

 
100.0
%
 
1,053

 
15.05

 
—
 
Ollie's Bargain Outlet, Sears Outlet
 
 
364

 
Tops Plaza
 
North Ridgeville
 
OH
 
Cleveland-Elyria, OH
 
2002
 
60,830

 
87.5
%
 
773

 
14.51

 
—
 
Pat Catan's Craft Centers
 
 
365

 
Surrey Square Mall
 
Norwood
 
OH
 
Cincinnati, OH-KY-IN
 
2010
 
173,656

 
96.6
%
 
2,044

 
24.48

 
Kroger
 
Marshalls
 
 
366

 
Market Place
 
Piqua
 
OH
 
Dayton, OH
 
2012
 
182,824

 
92.5
%
 
644

 
6.78

 
Kroger
 
Roses
 
 
367

 
Brice Park
 
Reynoldsburg
 
OH
 
Columbus, OH
 
1989
 
158,565

 
77.0
%
 
1,015

 
10.08

 
—
 
Ashley Furniture, Michaels
 
 
368

 
Streetsboro Crossing
 
Streetsboro
 
OH
 
Akron, OH
 
2002
 
89,436

 
100.0
%
 
674

 
7.54

 
Giant Eagle
 
—
 
Lowe's
369

 
Miracle Mile Shopping Plaza
 
Toledo
 
OH
 
Toledo, OH
 
2013
 
318,174

 
71.3
%
 
1,422

 
6.27

 
Kroger
 
Big Lots
 
 
370

 
Southland Shopping Plaza
 
Toledo
 
OH
 
Toledo, OH
 
1988
 
290,892

 
83.2
%
 
1,508

 
6.23

 
Kroger
 
Big Lots, Planet Fitness, Shopper's World
 
 
371

 
Wadsworth Crossings
 
Wadsworth
 
OH
 
Cleveland-Elyria, OH
 
2005
 
108,164

 
94.1
%
 
1,560

 
15.33

 
—
 
Bed Bath & Beyond, MC Sports, OfficeMax, Petco
 
Kohl's, Lowe's, Target
372

 
Northgate Plaza
 
Westerville
 
OH
 
Columbus, OH
 
2008
 
12,819

 
100.0
%
 
196

 
15.26

 
Kroger*
 
—
 
The Home Depot
373

 
Marketplace
 
Tulsa
 
OK
 
Tulsa, OK
 
1992
 
186,851

 
100.0
%
 
1,742

 
9.32

 
—
 
Conn's, Drysdales, PetSmart
 
Best Buy, JC Penney Home Store
374

 
Village West
 
Allentown
 
PA
 
Allentown-Bethlehem-Easton, PA-NJ
 
1999
 
140,490

 
99.4
%
 
2,298

 
16.47

 
Giant Food (Ahold)
 
—
 
 
375

 
Park Hills Plaza
 
Altoona
 
PA
 
Altoona, PA
 
1985
 
279,746

 
92.3
%
 
1,903

 
7.37

 
Weis Markets
 
Dunham's Sports, Petco, Toys"R"Us
 
 
376

 
Bensalem Square
 
Bensalem
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
1986
 
70,378

 
100.0
%
 
649

 
9.22

 
Redner's Warehouse Market
 
—
 
 
377

 
Bethel Park
 
Bethel Park
 
PA
 
Pittsburgh, PA
 
2004
 
218,714

 
100.0
%
 
1,690

 
8.48

 
Giant Eagle
 
Walmart
 
 
378

 
Bethlehem Square
 
Bethlehem
 
PA
 
Allentown-Bethlehem-Easton, PA-NJ
 
1994
 
389,450

 
100.0
%
 
3,623

 
9.30

 
Giant Food (Ahold)
 
The Home Depot, T.J.Maxx, Walmart
 
 
379

 
Lehigh Shopping Center
 
Bethlehem
 
PA
 
Allentown-Bethlehem-Easton, PA-NJ
 
2013
 
378,353

 
94.1
%
 
3,079

 
10.78

 
Giant Food (Ahold)
 
Big Lots, Mega Marshalls, PetSmart, Staples, Wells Fargo
 
 
380

 
Boyertown Shopping Center
 
Boyertown
 
PA
 
Reading, PA
 
2012
 
83,229

 
73.2
%
 
636

 
10.44

 
—
 
Advance Auto Parts, Big Lots, CVS
 
 
381

 
Bristol Park
 
Bristol
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
2013
 
276,653

 
98.8
%
 
2,384

 
8.72

 
Walmart Supercenter
 
Ollie's Bargain Outlet
 
 
382

 
Chalfont Village Shopping Center
Chalfont
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
1989
 
46,051

 
82.4
%
 
443

 
11.69

 
—
 
—
 
 
383

 
New Britain Village Square
 
Chalfont
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
1989
 
143,716

 
95.7
%
 
2,326

 
16.91

 
Giant Food (Ahold)
 
—
 
 
384

 
Collegeville Shopping Center
 
Collegeville
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
2004
 
110,696

 
44.1
%
 
741

 
15.20

 
—
 
Pep Boys
 
 

Page 58



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Property List (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR / SF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
385

 
Whitemarsh Shopping Center
 
Conshohocken
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
2002
 
67,476

 
100.0
%
 
1,350

 
20.01

 
Giant Food (Ahold)
 
Wine & Spirits Shoppe
 
 
386

 
Valley Fair
 
Devon
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
2001
 
105,086

 
98.9
%
 
970

 
9.33

 
—
 
Chuck E. Cheese's, Mealey's Furniture
 
 
387

 
Dickson City Crossings
 
Dickson City
 
PA
 
Scranton--Wilkes-Barre--Hazleton, PA
 
1997
 
301,462

 
100.0
%
 
3,087

 
15.61

 
—
 
Dick's Sporting Goods, hhgregg, PetSmart, The Home Depot, T.J.Maxx
 
 
388

 
Dillsburg Shopping Center
 
Dillsburg
 
PA
 
York-Hanover, PA
 
2013
 
153,088

 
100.0
%
 
1,900

 
12.64

 
Giant Food (Ahold)
 
Tractor Supply Co.
 
 
389

 
Barn Plaza
 
Doylestown
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
2002
 
237,681

 
99.3
%
 
3,211

 
13.61

 
—
 
Kohl's, Marshalls, Regal Cinemas
 
 
390

 
Pilgrim Gardens
 
Drexel Hill
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
2013
 
79,252

 
88.9
%
 
1,014

 
14.40

 
—
 
Dollar Tree, Ross Dress for Less
 
 
391

 
Gilbertsville Shopping Center
 
Gilbertsville
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
2002
 
85,748

 
82.6
%
 
642

 
9.05

 
Weis Markets
 
—
 
 
392

 
Mount Carmel Plaza
 
Glenside
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
1975
 
14,504

 
89.7
%
 
152

 
11.67

 
—
 
SGS Paper
 
 
393

 
Kline Plaza
 
Harrisburg
 
PA
 
Harrisburg-Carlisle, PA
 
1952
 
220,288

 
89.8
%
 
1,769

 
8.94

 
Giant Food (Ahold)
 
The Dept. of Health
 
 
394

 
New Garden Shopping Center
 
Kennett Square
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
2012
 
145,170

 
89.3
%
 
931

 
7.35

 
—
 
Big Lots, Ollie's Bargain Outlet
 
 
395

 
Stone Mill Plaza
 
Lancaster
 
PA
 
Lancaster, PA
 
2008
 
106,736

 
100.0
%
 
1,266

 
11.86

 
Giant Food (Ahold)
 
Majik Rent-To-Own
 
 
396

 
Woodbourne Square
 
Langhorne
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
1984
 
29,821

 
80.9
%
 
481

 
19.93

 
—
 
—
 
 
397

 
North Penn Market Place
 
Lansdale
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
1977
 
58,358

 
60.6
%
 
648

 
18.34

 
Weis Markets*
 
—
 
 
398

 
New Holland Shopping Center
 
New Holland
 
PA
 
Lancaster, PA
 
1995
 
65,878

 
88.0
%
 
416

 
7.17

 
Amelia's Grocery Outlet
 
Family Dollar
 
 
399

 
Village at Newtown
 
Newtown
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
1989
 
177,181

 
96.3
%
 
4,074

 
23.87

 
McCaffrey's
 
—
 
 
400

 
Cherry Square
 
Northampton
 
PA
 
Allentown-Bethlehem-Easton, PA-NJ
 
1989
 
75,005

 
92.8
%
 
649

 
9.33

 
Redner's Warehouse Market
 
—
 
 
401

 
Ivyridge
 
Philadelphia
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
2006
 
107,318

 
97.9
%
 
2,216

 
21.09

 
SuperFresh (A&P)
 
—
 
 
402

 
Roosevelt Mall
 
Philadelphia
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
2011
 
561,642

 
97.5
%
 
6,802

 
29.61

 
—
 
Macy's, Modell's Sporting Goods, Ross Dress For Less
 
 
403

 
Shoppes at Valley Forge
 
Phoenixville
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
2003
 
176,676

 
97.6
%
 
1,255

 
7.27

 
Redner's Warehouse Market
 
French Creek Outfitters, Staples
 
 
404

 
Plymouth Plaza
 
Plymouth Meeting
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
1994
 
33,813

 
95.8
%
 
979

 
30.21

 
—
 
Clear Wireless, Medical Rehabilitation Centers of Pennsylvania
 
 
405

 
County Line Plaza
 
Souderton
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
2013
 
154,758

 
91.6
%
 
1,405

 
10.33

 
Bottom Dollar Food (Delhaize)
 
Planet Fitness, VF Outlet
 
 
406

 
69th Street Plaza
 
Upper Darby
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
1994
 
41,711

 
100.0
%
 
383

 
9.19

 
Pathmark (A&P)*
 
EZ Bargains, Rent-A-Center, Super Dollar City
 
 
407

 
Warminster Towne Center
 
Warminster
 
PA
 
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
1997
 
237,152

 
100.0
%
 
3,291

 
15.06

 
ShopRite
 
A.C. Moore, PetSmart, Ross Dress for Less
 
 
408

 
Shops at Prospect
 
West Hempfield
 
PA
 
Lancaster, PA
 
1994
 
63,392

 
94.1
%
 
681

 
11.42

 
Musser's Markets
 
Hallmark
 
Kmart
409

 
Whitehall Square
 
Whitehall
 
PA
 
Allentown-Bethlehem-Easton, PA-NJ
 
2006
 
315,192

 
97.5
%
 
3,307

 
10.76

 
Redner's Warehouse Market
 
Mealey's Furniture, Ross Dress for Less, Sports Authority
 
 
410

 
Wilkes-Barre Township Marketplace
Wilkes-Barre
 
PA
 
Scranton--Wilkes-Barre--Hazleton, PA
 
2004
 
307,610

 
97.4
%
 
1,975

 
28.68

 
Walmart Supercenter
 
—
 
 
411

 
Hunt River Commons
 
North Kingstown
 
RI
 
Providence-Warwick, RI-MA
 
1989
 
148,126

 
97.4
%
 
1,435

 
9.95

 
Super Stop & Shop (Ahold)
 
Marshalls, Ocean State Job Lot
 
 
412

 
Belfair Towne Village
 
Bluffton
 
SC
 
Hilton Head Island-Bluffton-Beaufort, SC
 
2006
 
166,639

 
93.7
%
 
2,139

 
13.69

 
Kroger
 
Stein Mart
 
 
413

 
Milestone Plaza
 
Greenville
 
SC
 
Greenville-Anderson-Mauldin, SC
 
1995
 
89,721

 
90.6
%
 
1,222

 
15.03

 
BI-LO
 
—
 
 
414

 
Circle Center
 
Hilton Head
 
SC
 
Hilton Head Island-Bluffton-Beaufort, SC
 
2000
 
65,213

 
93.0
%
 
709

 
11.69

 
BI-LO
 
—
 
 

Page 59



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Property List (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR / SF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
415

 
Island Plaza
 
James Island
 
SC
 
Charleston-North Charleston, SC
 
2004
 
171,224

 
99.3
%
 
1,260

 
7.41

 
Food Lion
 
Burke's Outlet, Dollar Tree, Gold's Gym
 
 
416

 
Festival Centre
 
North Charleston
 
SC
 
Charleston-North Charleston, SC
 
2004
 
325,347

 
74.5
%
 
1,415

 
5.92

 
—
 
Fred's, Intercontinental Hotels Group, World Overcomers Ministries
 
 
417

 
Remount Village Shopping Center
North Charleston
 
SC
 
Charleston-North Charleston, SC
 
1996
 
60,238

 
79.0
%
 
432

 
9.09

 
BI-LO
 
—
 
 
418

 
Fairview Corners I & II
 
Simpsonville
 
SC
 
Greenville-Anderson-Mauldin, SC
 
2003
 
131,002

 
98.5
%
 
1,767

 
13.70

 
—
 
Ross Dress for Less, T.J.Maxx
 
Target
419

 
Hillcrest
 
Spartanburg
 
SC
 
Spartanburg, SC
 
2012
 
385,609

 
80.3
%
 
3,212

 
11.04

 
Publix
 
Carmike Cinema, Marshalls, Office Depot, Petco, Ross Dress for Less, Stein Mart
 
 
420

 
Shoppes at Hickory Hollow
 
Antioch
 
TN
 
Nashville-Davidson--Murfreesboro--Franklin, TN
1986
 
144,469

 
82.0
%
 
1,293

 
10.91

 
Kroger
 
Citi Trends
 
 
421

 
Congress Crossing
 
Athens
 
TN
 
Athens, TN
 
2012
 
180,305

 
96.7
%
 
1,400

 
8.03

 
—
 
Dunham's Sports, Kmart
 
 
422

 
East Ridge Crossing
 
Chattanooga
 
TN
 
Chattanooga, TN-GA
 
1999
 
58,950

 
94.9
%
 
602

 
10.76

 
Food Lion
 
—
 
 
423

 
Watson Glen Shopping Center
 
Franklin
 
TN
 
Nashville-Davidson--Murfreesboro--Franklin, TN
1988
 
265,027

 
96.8
%
 
2,078

 
8.17

 
ALDI
 
Big Lots, Franklin Athletic Club, Kmart, Trees n Trends
 
 
424

 
Williamson Square
 
Franklin
 
TN
 
Nashville-Davidson--Murfreesboro--Franklin, TN
1993
 
329,242

 
96.2
%
 
2,611

 
8.24

 
Kroger
 
Grace Church Nashville, Hobby Lobby, USA Baby
 
 
425

 
Greensboro Village
 
Gallatin
 
TN
 
Nashville-Davidson--Murfreesboro--Franklin, TN
2005
 
70,203

 
97.7
%
 
956

 
13.93

 
Publix
 
—
 
 
426

 
Greeneville Commons
 
Greeneville
 
TN
 
Greeneville, TN
 
2002
 
228,618

 
96.4
%
 
1,533

 
11.67

 
—
 
Belk, Burke's Outlet, JC Penney, Kmart
 
 
427

 
Oakwood Commons
 
Hermitage
 
TN
 
Nashville-Davidson--Murfreesboro--Franklin, TN
2005
 
278,017

 
89.6
%
 
2,338

 
9.73

 
Publix
 
Bed Bath & Beyond, Goody’s, Peebles, PetSmart, Ross Dress for Less
 
 
428

 
Kimball Crossing
 
Kimball
 
TN
 
Chattanooga, TN-GA
 
2007
 
280,476

 
97.1
%
 
1,810

 
7.33

 
Walmart Supercenter
 
Goody's
 
Lowe's
429

 
Kingston Overlook
 
Knoxville
 
TN
 
Knoxville, TN
 
1996
 
122,536

 
100.0
%
 
1,039

 
8.71

 
—
 
Babies"R"Us, Michaels
 
 
430

 
Farrar Place
 
Manchester
 
TN
 
Tullahoma-Manchester, TN
 
1989
 
43,220

 
84.5
%
 
316

 
8.67

 
Food Lion
 
—
 
 
431

 
The Commons at Wolfcreek
 
Memphis
 
TN
 
Memphis, TN-MS-AR
 
2013
 
658,121

 
93.9
%
 
7,395

 
12.18

 
—
 
Best Buy, Big Lots, hhgregg, Office Depot, PetSmart, Sports Authority, T.J.Maxx, Value City Furniture
 
Target, The Home Depot, Toys"R"Us
432

 
Georgetown Square
 
Murfreesboro
 
TN
 
Nashville-Davidson--Murfreesboro--Franklin, TN
2003
 
104,117

 
96.2
%
 
1,064

 
10.62

 
Kroger
 
—
 
 
433

 
Nashboro Village
 
Nashville
 
TN
 
Nashville-Davidson--Murfreesboro--Franklin, TN
1998
 
86,811

 
100.0
%
 
989

 
11.40

 
Kroger
 
—
 
Walgreens
434

 
Commerce Central
 
Tullahoma
 
TN
 
Tullahoma-Manchester, TN
 
1995
 
182,401

 
93.6
%
 
1,142

 
6.69

 
Walmart Supercenter
 
—
 
 
435

 
Merchant's Central
 
Winchester
 
TN
 
Tullahoma-Manchester, TN
 
1997
 
208,123

 
95.8
%
 
1,199

 
6.01

 
Walmart Supercenter
 
Peebles
 
 
436

 
Palm Plaza
 
Aransas
 
TX
 
Corpus Christi, TX
 
2002
 
50,700

 
78.6
%
 
250

 
7.84

 
—
 
Bealls (Stage Stores), Family Dollar
 
 
437

 
Bardin Place Center
 
Arlington
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
1993
 
309,488

 
98.7
%
 
3,183

 
10.42

 
—
 
Hemispheres, Sports Authority
 
Hobby Lobby
438

 
Parmer Crossing
 
Austin
 
TX
 
Austin-Round Rock, TX
 
2004
 
168,112

 
62.9
%
 
1,126

 
10.65

 
—
 
Big Lots
 
Fry's Electronics
439

 
Baytown Shopping Center
 
Baytown
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1987
 
95,941

 
85.6
%
 
862

 
10.50

 
—
 
24 Hour Fitness
 
 
440

 
Cedar Bellaire
 
Bellaire
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1994
 
50,967

 
89.4
%
 
522

 
11.47

 
H-E-B
 
—
 
 
441

 
El Camino
 
Bellaire
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2008
 
71,575

 
98.4
%
 
575

 
8.17

 
El Ahorro Supermarket
 
Family Dollar, Hancock Fabrics
 
 
442

 
Brenham Four Corners
 
Brenham
 
TX
 
Brenham, TX
 
1997
 
114,571

 
100.0
%
 
947

 
—

 
H-E-B
 
—
 
 
443

 
Bryan Square
 
Bryan
 
TX
 
College Station-Bryan, TX
 
2008
 
59,029

 
100.0
%
 
309

 
6.10

 
—
 
99 Cents Only, Citi Trends, Dollar Floor Store, Firestone
 
 
444

 
Townshire
 
Bryan
 
TX
 
College Station-Bryan, TX
 
2002
 
136,887

 
91.2
%
 
939

 
15.33

 
Walmart Neighborhood Market
 
Tops Printing
 
 

Page 60



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Property List (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR / SF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
445

 
Plantation Plaza
 
Clute
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1997
 
99,141

 
92.9
%
 
750

 
8.31

 
Kroger
 
Walgreens
 
 
446

 
Central Station
 
College Station
 
TX
 
College Station-Bryan, TX
 
2012
 
176,847

 
87.3
%
 
2,280

 
15.17

 
—
 
OfficeMax, Spec's Liquors
 
Kohl's
447

 
Rock Prairie Crossing
 
College Station
 
TX
 
College Station-Bryan, TX
 
2002
 
119,000

 
100.0
%
 
1,257

 
23.75

 
Kroger
 
CVS
 
 
448

 
Carmel Village
 
Corpus Christi
 
TX
 
Corpus Christi, TX
 
1993
 
85,633

 
79.5
%
 
639

 
9.39

 
—
 
Bay Area Dialysis, Bealls (Stage Stores), Tuesday Morning
 
 
449

 
Five Points
 
Corpus Christi
 
TX
 
Corpus Christi, TX
 
2013
 
276,593

 
84.5
%
 
2,750

 
11.98

 
—
 
Bealls (Stage Stores), Hobby Lobby, Party City, Ross Dress for Less
 
 
450

 
Claremont Village
 
Dallas
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
1976
 
67,305

 
94.6
%
 
469

 
7.49

 
Minyard Food Stores
 
Family Dollar
 
 
451

 
Jeff Davis
 
Dallas
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
1975
 
69,562

 
96.7
%
 
564

 
8.38

 
Save-A-Lot (Supervalu)
 
Blockbuster, Family Dollar, Mama Rosa
 
 
452

 
Stevens Park Village
 
Dallas
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
1974
 
45,492

 
100.0
%
 
421

 
9.25

 
—
 
Big Lots, O'Reilly Auto Parts
 
 
453

 
Webb Royal
 
Dallas
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
1992
 
108,545

 
93.3
%
 
855

 
8.84

 
Super Plaza
 
Family Dollar
 
 
454

 
Wynnewood Village
 
Dallas
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
2006
 
443,681

 
88.5
%
 
3,869

 
10.05

 
Kroger
 
Fallas Paredes, Gen X Clothing, Ross Dress for Less
 
 
455

 
Parktown
 
Deer Park
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1999
 
121,388

 
94.8
%
 
919

 
8.00

 
Food Town
 
Burke's Outlet, Walgreens
 
 
456

 
Kenworthy Crossing
 
El Paso
 
TX
 
El Paso, TX
 
2003
 
74,393

 
98.4
%
 
706

 
9.65

 
Albertsons
 
—
 
 
457

 
Preston Ridge
 
Frisco
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
2013
 
780,595

 
95.3
%
 
13,379

 
18.39

 
SuperTarget*
 
Best Buy, Big Lots, DSW, GattiTown, Marshalls, Old Navy, Ross Dress for Less, Sheplers, Stein Mart, T.J.Maxx
 
 
458

 
Forest Hills
 
Ft. Worth
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
1968
 
69,651

 
100.0
%
 
364

 
5.23

 
Foodland Markets
 
Family Dollar, Hi Style Fashion
 
 
459

 
Ridglea Plaza
 
Ft. Worth
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
1990
 
170,519

 
97.0
%
 
1,780

 
11.09

 
Tom Thumb (Safeway)
 
Stein Mart
 
 
460

 
Trinity Commons
 
Ft. Worth
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
1998
 
197,423

 
100.0
%
 
3,681

 
18.65

 
Tom Thumb (Safeway)
 
DSW
 
 
461

 
Village Plaza
 
Garland
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
2002
 
89,241

 
96.2
%
 
905

 
10.54

 
Truong Nguyen Grocer
 
—
 
 
462

 
North Hills Village
 
Haltom City
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
1998
 
43,299

 
96.1
%
 
301

 
7.23

 
Save-A-Lot
 
Dollar Tree, Rent-A-Center
 
 
463

 
Highland Village Town Center
 
Highland Village
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
1996
 
99,341

 
96.8
%
 
1,024

 
10.65

 
Kroger
 
—
 
 
464

 
Bay Forest
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2004
 
71,667

 
100.0
%
 
743

 
10.37

 
Kroger
 
—
 
 
465

 
Beltway South
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1998
 
107,174

 
95.6
%
 
896

 
27.70

 
Kroger
 
—
 
 
466

 
Braes Heights
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2003
 
101,002

 
99.7
%
 
1,856

 
18.44

 
—
 
CVS, Imagination Toys, I W Marks Jewelers
 
 
467

 
Braes Link
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1999
 
38,997

 
94.0
%
 
598

 
16.33

 
—
 
Walgreens
 
 
468

 
Braes Oaks
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1992
 
45,067

 
89.1
%
 
386

 
9.62

 
H-E-B
 
—
 
 
469

 
Braesgate
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1997
 
91,382

 
98.3
%
 
570

 
6.34

 
Food Town
 
—
 
 
470

 
Broadway
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2006
 
74,942

 
100.0
%
 
731

 
10.17

 
El Ahorro Supermarket
 
Fallas Paredes, Melrose Fashions
 
 
471

 
Clear Lake Camino South
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2004
 
102,643

 
87.1
%
 
1,287

 
15.48

 
—
 
24 Hour Fitness, Hancock Fabrics, Mr. Gatti's Pizza, Spec's Liquors
 
 
472

 
Hearthstone Corners
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1998
 
208,147

 
98.0
%
 
1,815

 
8.90

 
Kroger
 
Big Lots, Stein Mart
 
 
473

 
Inwood Forest
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1997
 
77,553

 
93.9
%
 
760

 
10.46

 
Foodarama
 
—
 
 
474

 
Jester Village
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1988
 
64,285

 
76.8
%
 
487

 
9.85

 
H-E-B
 
—
 
 

Page 61



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Property List (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR / SF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
475

 
Jones Plaza
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2000
 
111,206

 
83.7
%
 
1,129

 
12.34

 
—
 
24 Hour Fitness, Hancock Fabrics
 
 
476

 
Jones Square
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1999
 
169,003

 
90.7
%
 
1,209

 
8.00

 
—
 
Big Lots, Hobby Lobby
 
 
477

 
Maplewood Mall
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2004
 
94,871

 
97.3
%
 
735

 
7.97

 
Foodarama
 
Burke's Outlet
 
 
478

 
Merchants Park
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2009
 
244,373

 
100.0
%
 
3,001

 
12.28

 
Kroger
 
Big Lots, Petco, Ross Dress for Less
 
 
479

 
Northgate
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1972
 
40,244

 
100.0
%
 
296

 
7.34

 
—
 
Firestone, TitleMax
 
 
480

 
Northshore
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2001
 
233,479

 
93.1
%
 
2,489

 
11.63

 
Sellers Bros.
 
Conn's, Office Depot
 
 
481

 
Northtown Plaza
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1990
 
193,222

 
96.8
%
 
2,122

 
11.56

 
—
 
99 Cents Only, Fallas Paredes
 
 
482

 
Northwood
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1972
 
136,747

 
100.0
%
 
1,352

 
10.05

 
Food City
 
—
 
 
483

 
Orange Grove
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2005
 
189,201

 
100.0
%
 
1,837

 
10.37

 
—
 
24 Hour Fitness, FAMSA, Floor & Décor
 
 
484

 
Pinemont Shopping Center
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1999
 
73,577

 
92.9
%
 
857

 
13.44

 
—
 
Family Dollar, Houston Community College
 
 
485

 
Royal Oaks Village
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2001
 
145,229

 
95.5
%
 
2,957

 
21.31

 
H-E-B
 
—
 
 
486

 
Sharpstown Plaza
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2005
 
43,631

 
96.6
%
 
357

 
8.48

 
—
 
Family Thrift Center
 
 
487

 
Tanglewilde
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1998
 
84,185

 
100.0
%
 
965

 
12.73

 
—
 
Ace Hardware, Cavender's, Dollar Tree, Party City, Salon In The Park
 
 
488

 
Westheimer Commons
 
Houston
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2012
 
251,672

 
90.9
%
 
1,990

 
8.70

 
Fiesta Mart
 
Marshalls
 
 
489

 
Crossing at Fry Road
 
Katy
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2005
 
237,340

 
100.0
%
 
2,312

 
9.82

 
Kroger
 
Hobby Lobby, Palais Royal, Stein Mart
 
 
490

 
Washington Square
 
Kaufman
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
1978
 
64,230

 
85.1
%
 
310

 
5.67

 
—
 
AutoZone, Bealls (Stage Stores), Family Dollar
 
 
491

 
Jefferson Park
 
Mount Pleasant
 
TX
 
Mount Pleasant, TX
 
2001
 
132,096

 
82.8
%
 
680

 
6.82

 
Super 1 Foods
 
Steeles
 
 
492

 
Winwood Town Center
 
Odessa
 
TX
 
Odessa, TX
 
2002
 
366,091

 
100.0
%
 
2,574

 
11.24

 
H-E-B
 
Hastings, Office Depot, Ross Dress for Less, Target
 
 
493

 
Crossroads Center
 
Pasadena
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1997
 
134,006

 
94.5
%
 
1,463

 
12.41

 
Kroger
 
Sears Hardware
 
 
494

 
Spencer Square
 
Pasadena
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1998
 
194,470

 
95.3
%
 
2,138

 
11.53

 
Kroger
 
Burke's Outlet
 
 
495

 
Pearland Plaza
 
Pearland
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1995
 
156,661

 
95.6
%
 
1,071

 
7.16

 
Kroger
 
Palais Royal
 
 
496

 
Market Plaza
 
Plano
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
2002
 
168,137

 
68.8
%
 
2,589

 
23.49

 
Central Market (H-E-B)
 
—
 
 
497

 
Preston Park
 
Plano
 
TX
 
Dallas-Fort Worth-Arlington, TX
 
1985
 
238,939

 
93.0
%
 
5,524

 
24.86

 
Tom Thumb (Safeway)
 
—
 
 
498

 
Northshore Plaza
 
Portland
 
TX
 
Corpus Christi, TX
 
2000
 
152,144

 
88.9
%
 
823

 
13.57

 
H-E-B
 
Bealls (Stage Stores)
 
Kmart
499

 
Klein Square
 
Spring
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1999
 
80,636

 
89.3
%
 
727

 
10.10

 
Food Town
 
Family Dollar
 
 
500

 
Keegan's Meadow
 
Stafford
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
1999
 
125,491

 
93.8
%
 
1,179

 
10.34

 
Randalls (Safeway)
 
Palais Royal
 
 
501

 
Texas City Bay
 
Texas City
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2005
 
223,152

 
100.0
%
 
1,953

 
8.78

 
Kroger
 
BP Engineering Facility
 
 
502

 
Windvale
 
The Woodlands
 
TX
 
Houston-The Woodlands-Sugar Land, TX
 
2002
 
101,088

 
87.6
%
 
910

 
10.27

 
Randalls (Safeway)
 
—
 
 
503

 
The Centre at Navarro
 
Victoria
 
TX
 
Victoria, TX
 
2005
 
47,960

 
97.2
%
 
702

 
15.06

 
—
 
Hastings, Walgreens
 
 
504

 
Spradlin Farm
 
Christiansburg
 
VA
 
Blacksburg-Christiansburg-Radford, VA
 
2000
 
180,220

 
97.7
%
 
2,390

 
13.81

 
—
 
Barnes & Noble, Big Lots, Michaels, T.J.Maxx
 
Target, The Home Depot

Page 62



Brixmor Property Group
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Property List (Dollars in thousands except per square foot amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
Percent
 
 
 
 
 
 
 
 
 
 
 
 
Property Name
 
City
 
State
 
Metropolitan Statistical Area
 
Built
 
 GLA
 
Leased
 
 ABR
 
 ABR / SF
 
Grocer (1)
 
Other Major Tenants
 
Non-Owned Major Tenants
505

 
Culpeper Town Square
 
Culpeper
 
VA
 
Washington-Arlington-Alexandria, DC-VA-MD-WV
1999
 
132,882

 
100.0
%
 
1,134

 
8.54

 
Food Lion
 
Mountain Run Bowling, Tractor Supply Co.
 
 
506

 
Hanover Square
 
Mechanicsville
 
VA
 
Richmond, VA
 
1991
 
129,887

 
91.0
%
 
1,427

 
12.07

 
Martin's Food (Ahold)
 
Gold's Gym
 
Kohl's
507

 
Jefferson Green
 
Newport News
 
VA
 
Virginia Beach-Norfolk-Newport News, VA-NC
 
1988
 
54,934

 
96.4
%
 
768

 
14.51

 
—
 
Tuesday Morning
 
 
508

 
Tuckernuck Square
 
Richmond
 
VA
 
Richmond, VA
 
1994
 
86,010

 
93.0
%
 
1,015

 
12.70

 
—
 
Chuck E. Cheese's
 
 
509

 
Cave Spring Corners
 
Roanoke
 
VA
 
Roanoke, VA
 
2005
 
147,133

 
97.1
%
 
1,016

 
12.09

 
Kroger
 
Hamrick's
 
 
510

 
Hunting Hills
 
Roanoke
 
VA
 
Roanoke, VA
 
2013
 
166,207

 
92.3
%
 
1,035

 
6.75

 
—
 
Kohl's, PetSmart
 
 
511

 
Valley Commons
 
Salem
 
VA
 
Roanoke, VA
 
1988
 
45,580

 
84.2
%
 
285

 
7.41

 
Food Lion
 
—
 
 
512

 
Lake Drive Plaza
 
Vinton
 
VA
 
Roanoke, VA
 
2008
 
163,090

 
100.0
%
 
1,172

 
7.19

 
Kroger
 
Big Lots, Goodwill
 
 
513

 
Hilltop Plaza
 
Virginia Beach
 
VA
 
Virginia Beach-Norfolk-Newport News, VA-NC
 
2010
 
150,300

 
100.0
%
 
2,438

 
16.38

 
Trader Joe's
 
Jo-Ann Fabric & Craft Stores, Kirkland’s, Office Depot, PetSmart
 
 
514

 
Ridgeview Centre
 
Wise
 
VA
 
—
 
2005
 
190,242

 
90.8
%
 
1,165

 
13.51

 
—
 
Grand Home Furnishings, Kmart
 
Belk
515

 
Rutland Plaza
 
Rutland
 
VT
 
Rutland, VT
 
1997
 
224,514

 
99.1
%
 
1,912

 
8.59

 
Price Chopper
 
T.J.Maxx, Walmart
 
 
516

 
Fitchburg Ridge Shopping Ctr
 
Fitchburg
 
WI
 
Madison, WI
 
2003
 
50,555

 
87.6
%
 
489

 
11.08

 
—
 
Wisconsin Dialysis
 
 
517

 
Spring Mall
 
Greenfield
 
WI
 
Milwaukee-Waukesha-West Allis, WI
 
2003
 
188,861

 
95.8
%
 
1,434

 
7.92

 
—
 
T.J.Maxx
 
 
518

 
Mequon Pavilions
 
Mequon
 
WI
 
Milwaukee-Waukesha-West Allis, WI
 
2004
 
218,116

 
83.6
%
 
2,814

 
15.44

 
Sendik's Food Market
 
Bed Bath & Beyond
 
 
519

 
Moorland Square Shopping Ctr
 
New Berlin
 
WI
 
Milwaukee-Waukesha-West Allis, WI
 
1990
 
98,303

 
97.4
%
 
885

 
9.25

 
Pick 'n Save (Roundy's)
 
—
 
Walmart
520

 
Paradise Pavilion
 
West Bend
 
WI
 
Milwaukee-Waukesha-West Allis, WI
 
2000
 
209,249

 
90.7
%
 
1,327

 
6.99

 
—
 
Hobby Lobby, Kohl's
 
ShopKo
521

 
Moundsville Plaza
 
Moundsville
 
WV
 
Wheeling, WV-OH
 
2004
 
176,156

 
97.7
%
 
1,243

 
7.22

 
Kroger
 
Big Lots
 
 
522

 
Grand Central Plaza
 
Parkersburg
 
WV
 
Parkersburg-Vienna, WV
 
1986
 
75,344

 
90.7
%
 
717

 
10.48

 
—
 
Office Depot, T.J.Maxx
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL PORTFOLIO
 
 
 
 
 
 
 
 
 
86,806,352

 
92.4
%
 
895,085

 
$
11.93

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) * Indicates grocer is not owned.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Page 63




 
 
 
 
 
 
Guidance

Supplemental Disclosure
Three Months Ended December 31, 2013
 





Brixmor Property Group
 
 
 
 
 
 
 
Supplemental Disclosure - Three Months Ended December 31, 2013
 
 
 
 
Guidance & Additional Disclosures
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
GUIDANCE:
 
 
 
 
 
 
 
 
 
 
 
 
 
2014E
 
 
 
 
 
 
 
 
FFO per common share - diluted
 $1.80 - $1.84

 
 
 
 
 
 
 
 
Same property NOI
 3.7 - 4.1%

 
 
 
 
 
 
 
 
Percent leased (at year-end)
 93.0 - 93.5%

 
 
 
 
 
 
 
 
Leasing related capital expenditures, including anchor space repositioning and redevelopment
 $130 - $140M

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ADDITIONAL DISCLOSURES - as of 12/31/13
 
 
 
 
 
 
 
 
 
Estimated market value of expansion land and outparcels available
 $17M

 
 
 
 
 
 
 
 
ABR from leases signed but not yet commenced
 $22M

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Leases signed but not yet commenced:
Leases
 
GLA
 
ABR
 
ABR/SF
 
 
 
≥ 10,000 SF
45

 
1,138,363

 
$
11,341,513

 
$
9.96

 
 
 
< 10,000 SF
201

 
599,246

 
11,005,127

 
18.36

 
 
 
TOTAL
246

 
1,737,609

 
$
22,346,640

 
$
12.86

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Page 65