In connection with an SEC-registered offering of 8 million shares of common stock by Regency Centers Corporation and the concurrent execution of forward sale agreements relating to an equal number of shares, Davis Polk & Wardwell LLP acted as special counsel to JPMorgan Chase Bank, National Association and Wachovia Bank, National Association, as counterparties under such forward sale agreements. As part of the offering, the underwriters exercised their option in full to purchase an additional 1.2 million shares of common stock from Regency Centers Corporation, which shares are not subject to a forward sale agreement. The net proceeds of the offering (assuming physical settlement of the forward sale agreement at the initial forward sale price) are expected to be $271.5 million.

Regency Centers Corporation is the leading national owner, operator and developer of grocery-anchored and community shopping centers. Operating as a fully integrated real estate company, Regency Centers Corporation is a qualified real estate investment trust that is self-administered and self-managed.

The Davis Polk corporate team included partner Mark M. Mendez and associates Marcel Fausten and Hilde M. Matthee. The tax team included partner Michael Farber and associate Kevin J. Brogan. All members of the Davis Polk team are based in the New York office.