Brixmor Property Group Inc. is a publicly-traded real estate investment trust that invests in shopping centers.
As of December 31, 2016, the company owned interests in 512 shopping centers comprising 86 million square feet.
Properties in Texas, Florida, and California each account for approximately 10% of the company's revenues.
The company's largest tenants are as follows:
In 2011, The Blackstone Group acquired Centro Properties Group US and the resulting entity changed its name to Brixmor.
In October 2013, the company became a public company via initial public offering.
In 2015, the company acquired a shopping center in Boston for $31.95 million.
In 2016, the company sold a shopping center in Pompano Beach, Florida for $50 million.
In April 2016, president and CEO Michael Carroll, CFO Michael Pappagallo, and chief accounting officer Steven Splain resigned after an accounting scandal. Jim Taylor was named CEO and president.
In August 2016, The Blackstone Group reduced its stake in the company to 14%.
In 2017, the company sold a building in Randallstown, Maryland for $28.5 million and a shopping center in Eustis, Florida for $23 million. The company acquired a shopping center in Escondido, California for $40.1 million and a shopping center in Ann Arbor, Michigan for $102 million.