"He has been an invaluable partner in Regency's successful transformation from a regional operator and developer into one of the nation's premier real estate operating companies," Stein says in a prepared statement. "Not only has Bruce played a key role in creating and making Regency's vision a reality, he also embodies Regency's core values."
Stein adds that Johnson's "insights, breadth of experience, real estate knowledge and capital markets expertise will be a valuable addition to our board."
Prior to joining Regency in 1979, Johnson was vice president of Barnett Winston Trust where he oversaw asset management and disposition of a diversified real estate portfolio. He earned a master's of science degree in real estate from the University of Wisconsin Graduate School of Business.
According to Regency's website, the company's total assets before depreciation are $3.5 billion. As of June 30 this year, the company owned 260 retail properties, including those held in joint ventures, totaling 30 million sf and located in what the REIT considers to be high-growth markets throughout the US.
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