8-K

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                             ---------------------
                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                      SECURITIES AND EXCHANGE ACT OF 1934

      Date of Report (Date of earliest event reported): September 20, 2001

                                EQUITY ONE, INC.
             (Exact name of registrant as specified in its charter)

                                    Maryland
                 (State or other jurisdiction of incorporation)

                          001-13499                 52-1794271
                   (Commission File Number)(I.R.S. Employer Identification No.)

                          1696 NE Miami Gardens Drive
                        North Miami Beach, Florida 33179
               (Address of principal executive offices)(Zip Code)

                                 (305) 947-1664
              (Registrant's telephone number, including area code)
                                 Not Applicable
         (Former name or former address, if changed since last report)




Item 5. Other Items.

On September 21, 2001, Equity one, Inc. issued the press releases attached
hereto as Exhibits 99.1 and 99.2.

Item 7. Financial

Statements, Pro Forma Financial Information and Exhibits.

(a) Financial
Statements of Business Acquired.
Not applicable

(b) Pro Forma Financial Information.
Not applicable

(c) Exhibits.

99.1  CEFUS Press Release dated September 21, 2001.

99.2  UIRT Press Release dated September 21, 2001.


--------------------------------

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Equity One
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.

EQUITY ONE, INC.

Date:  September 21, 2001  By: /s/ Chaim Katzman
Chaim Katzman
Chairman of the Board of Directors and Chief Executive Officer


	INDEX TO EXHIBITS
Exhibit Number		Description of Exhibit


99.1  CEFUS Press Release dated September 21, 2001.
99.2  UIRT Press Release dated September 21, 2001.

EX-99.1

     September 21, 2001

                           EQUITY ONE, INC. COMPLETES
               ACQUISITION OF CENTREFUND REALTY (U.S.) CORPORATION

   EQUITY ONE NOW THE 3RD LARGEST PUBLICLY-TRADED FLORIDA SHOPPING CENTER REIT
   ---------------------------------------------------------------------------

NORTH MIAMI BEACH, FL., September 21, 2001 - Equity One, Inc. (NYSE: EQY) today
announced that it has completed its acquisition of Centrefund Realty (U.S.)
Corporation ("CEFUS"), an indirectly, wholly-owned subsidiary of First Capital
Corporation ("First Capital"), a publicly-traded (TSE:FCR) Canadian real estate
company formerly known as Centrefund Realty Corporation. The acquisition firmly
establishes Equity One as the third-largest, publicly-traded Florida shopping
center real estate investment trust ("REIT"). Overall, Equity One now owns 61
properties encompassing over 6.5 million square feet, with a focus on
supermarket-anchored shopping centers in the major growth markets of Florida and
Texas.

"We are very pleased to close the transaction with CEFUS as planned," stated
Chaim Katzman, Chairman and Chief Executive Officer of Equity One. "With this
acquisition, we are well underway on our strategy of building critical mass in
our key markets in the South and Southeast via strategic transactions. We
anticipate significant benefits from our larger size in terms of tenant
relationships, operating efficiencies and access to capital."

As provided for in the stock exchange agreement, First Capital received 10.5
million shares of Equity One common stock, increasing Equity One's outstanding
shares by 67% from approximately 15.5 million to approximately 26 million. In
connection with the transaction, Equity One also assumed approximately $149
million of CEFUS's outstanding debt. The shares received by First Capital
pursuant to the stock exchange agreement are restricted securities subject to
future registration rights.

                             ABOUT EQUITY ONE, INC.

Equity One, Inc. (NYSE:EQY) is a self-administered, self-managed real estate
investment trust that principally acquires, renovates, develops and manages
community and neighborhood shopping centers anchored by national and regional
supermarket chains. The Company's portfolio currently consists of 61 properties
located in metropolitan areas of Florida and Texas, encompassing 40
supermarket-anchored shopping centers, 4 drug store-anchored shopping centers,
11 other retail-anchored shopping centers, 5 commercial properties and 1
development site, as well as interests in 5 joint ventures. Assuming the closing
of the pending merger transaction with United Investors Realty Trust ("UIRT"), a
publicly-traded REIT, Equity One will own a total of 84 properties primarily
located in metropolitan areas of Florida and Texas, encompassing 54
supermarket-anchored shopping centers, 6 drug store-anchored shopping centers,
18 other retail-anchored shopping centers, 5 commercial properties and 1
development site, as well as interests in 6 joint ventures. For more
information, please visit Equity One's website at WWW.EQUITYONE.NET.

                           FORWARD LOOKING STATEMENTS

Certain matters discussed in this press release constitute forward-looking
statements within the meaning of the federal securities laws. Although Equity
One believes that the expectations reflected in such forward-looking statements
are based upon reasonable assumptions, it can give no assurance that these
expectations will be achieved. Factors that could postpone or prevent the
closing of the UIRT acquisition include the failure to receive the necessary
approval from the UIRT shareholders and changes in macro-economic conditions
that have a material adverse effect on Equity One or UIRT. In addition, Equity
One is subject to other risks, which are described in Equity One's filings with
the Securities and Exchange Commission.

EX-99.2

        September 21, 2001

                           EQUITY ONE, INC. COMPLETES
                  ACQUISITION OF UNITED INVESTORS REALTY TRUST


NORTH MIAMI BEACH, FL., September 21, 2001 - Equity One, Inc. (NYSE: EQY) today
announced that it has completed its acquisition of United Investors Realty Trust
("UIRT"). Equity One now owns 84 properties encompassing approximately 8.6
million square feet, and is now the third largest and fourth largest owner of
shopping centers in Florida and Texas, respectively, among publicly-traded real
estate investment trusts.

"The successful closing of the UIRT transaction enables Equity One to reach a
series of milestones," stated Chaim Katzman, Chairman and Chief Executive
Officer of Equity One. "We now have over $650 million in total assets, over $300
million in equity market capitalization and a significant increase in our public
float. We own a total of 49 properties in Florida and 31 in Texas. Our larger
size will facilitate significant operating efficiencies, and in the long run,
should provide greater overall value and return to our shareholders."

As provided in the merger agreement, UIRT shareholders who timely elected to
receive Equity One common stock will receive 0.643 Equity One shares for each
UIRT common share tendered for exchange. All other UIRT shareholders will
receive $5.71 in cash and 0.140 shares of Equity One common stock for each UIRT
common share tendered for exchange as a result of the application of the
pro-ration provisions of the merger agreement.

As a result of the transaction, Equity One will issue approximately 2.9 million
shares of its common stock and will pay $32.9 million in cash consideration to
former UIRT shareholders. Immediately prior to the completion of the
acquisition, UIRT had outstanding debt of approximately $79.4 million which will
remain outstanding after the acquisition. Equity One anticipates that the
transaction costs associated with the acquisition will be approximately $4.5
million. Following the issuance of Equity One shares to the former UIRT
shareholders, Equity One's outstanding common stock will increase by 11% from
approximately 26 million to 28.9 million shares. Contemporaneously with the
completion of the UIRT transaction, Equity One has obtained a $30 million
revolving line of credit from Bank Leumi at a rate of LIBOR plus 125 basis
points, of which $16 million has been advanced.

ABOUT EQUITY ONE, INC.

Equity One, Inc. (NYSE:EQY) is a self-administered, self-managed real estate
investment trust that principally acquires, renovates, develops and manages
community and neighborhood shopping centers anchored by national and regional
supermarket chains. The Company's portfolio currently consists of 84 properties
primarily located in metropolitan areas of Florida and Texas, encompassing 54
supermarket-anchored shopping centers, 6 drug store-anchored shopping centers,
18 other retail-anchored shopping centers, 5 commercial properties and 1
development site, as well as interests in 6 joint ventures. For more
information, please visit Equity One's website at www.equityone.net.

FORWARD LOOKING STATEMENTS
Certain matters discussed in this press release constitute forward-looking
statements within the meaning of the federal securities laws. Although Equity
One believes that the expectations reflected in such forward-looking statements
are based upon reasonable assumptions, it can give no assurance that these
expectations will be achieved. Factors that could cause actual results to differ
materially from current expectations include changes in macro-economic
conditions and the demand for retail space in Florida and Texas; the continuing
financial success of Equity One's current and prospective tenants; Equity One's
ability to successfully integrate the operations of UIRT into the Equity One
organization; Equity One's ability to realize economies of scale; continuing
supply constraints in Equity One's current markets; and other risks, which are
described in Equity One's filings with the Securities and Exchange Commission.