

REGENCY CENTERS CORPORATION AND REGENCY CENTERS, L.P. Schedule III - Consolidated Real Estate and Accumulated Depreciation December 31, 2014 (in thousands)

	Initial Cost					Total Cost				Net Cost
Shopping Centers ⁽¹⁾	Land		Building & Improvements	Cost Capitalized Subsequent to Acquisition ⁽²⁾		Land	Building & Improvements	Total	Accumulated Depreciation	Net of Accumulated Depreciation	Mortgages
4S Commons Town Center	$	30,760	35,830	560		30,812	36,338	67,150	16,340	50,810	62,500
Airport Crossing	1,748		1,690	88		1,744	1,782	3,526	746	2,780	—
Amerige Heights Town Center	10,109		11,288	358		10,109	11,647	21,756	2,840	18,916	16,580
Anastasia Plaza	9,065		—	412		3,338	6,139	9,477	1,326	8,151	—
Ashburn Farm Market Center	9,835		4,812	130		9,835	4,942	14,777	3,521	11,256	—
Ashford Perimeter	2,584		9,865	631		2,584	10,496	13,080	6,020	7,060	—
Augusta Center	5,142		2,720	(5,635	)	1,366	861	2,227	334	1,893	—
Aventura Shopping Center	2,751		10,459	17		2,751	10,476	13,227	10,298	2,929	—
Balboa Mesa Shopping Center	23,074		33,838	13,215		27,715	42,869	70,584	3,378	67,206	—
Belleview Square	8,132		9,756	2,324		8,323	11,889	20,212	5,506	14,706	—
Berkshire Commons	2,295		9,551	1,867		2,965	10,749	13,714	6,397	7,317	7,500
Blackrock	22,251		20,815	(103	)	22,251	20,711	42,962	882	42,080	20,124
Bloomingdale Square	3,940		14,912	2,053		3,940	16,965	20,905	7,377	13,528	—
Boulevard Center	3,659		10,787	1,125		3,659	11,912	15,571	5,475	10,096	—
Boynton Lakes Plaza	2,628		11,236	4,452		3,606	14,710	18,316	5,144	13,172	—
Brentwood Plaza	2,788		3,473	238		2,788	3,711	6,499	637	5,862	—
Briarcliff La Vista	694		3,292	297		694	3,589	4,283	2,305	1,978	—
Briarcliff Village	4,597		24,836	1,190		4,597	26,026	30,623	14,935	15,688	—
Brickwalk	25,299		41,995	237		25,299	42,232	67,531	1,240	66,291	31,823
Bridgeton	3,033		8,137	107		3,067	8,210	11,277	1,196	10,081	—
Brighten Park	3,983		18,687	1,275		3,926	20,019	23,945	10,368	13,577	—
Buckhead Court	1,417		7,432	500		1,417	7,932	9,349	4,960	4,389	—
Buckley Square	2,970		5,978	749		2,970	6,727	9,697	3,295	6,402	—
Buckwalter Place Shopping Ctr	6,563		6,590	264		6,592	6,825	13,417	2,620	10,797	—
Caligo Crossing	2,459		4,897	124		2,546	4,934	7,480	1,775	5,705	—
Cambridge Square	774		4,347	687		774	5,034	5,808	2,578	3,230	—
Carmel Commons	2,466		12,548	4,412		3,422	16,004	19,426	6,896	12,530	—
Carriage Gate	833		4,974	2,424		1,302	6,928	8,230	4,297	3,933	—
Centerplace of Greeley III	6,661		11,502	1,423		5,690	13,896	19,586	3,550	16,036	—
Chasewood Plaza	4,612		20,829	(400	)	4,688	20,353	25,041	12,296	12,745	—
Cherry Grove	3,533		15,862	1,949		3,533	17,810	21,343	7,625	13,718	—



REGENCY CENTERS CORPORATION AND REGENCY CENTERS, L.P. Schedule III - Consolidated Real Estate and Accumulated Depreciation December 31, 2014 (in thousands)

	Initial Cost				Total Cost				Net Cost
Shopping Centers ⁽¹⁾	Land	Building & Improvements	Cost Capitalized Subsequent to Acquisition ⁽²⁾		Land	Building & Improvements	Total	Accumulated Depreciation	Net of Accumulated Depreciation	Mortgages
Clayton Valley Shopping Center	24,189	35,422	2,187		24,538	37,260	61,798	16,662	45,136	—
Clybourn Commons	15,056	5,594	40		15,056	5,634	20,690	161	20,529	—
Cochran's Crossing	13,154	12,315	739		13,154	13,054	26,208	7,540	18,668	—
Corkscrew Village	8,407	8,004	118		8,407	8,122	16,529	2,401	14,128	7,923
Cornerstone Square	1,772	6,944	1,054		1,772	7,998	9,770	4,250	5,520	—
Corvallis Market Center	6,674	12,244	357		6,696	12,580	19,276	3,566	15,710	—
Costa Verde Center	12,740	26,868	1,236		12,798	28,046	40,844	13,044	27,800	—
Courtyard Landcom	5,867	4	3		5,867	7	5,874	1	5,873	—
Culpeper Colonnade	15,944	10,601	4,772		16,258	15,184	31,442	5,853	25,589	—
Dardenne Crossing	4,194	4,005	482		4,583	4,098	8,681	840	7,841	—
Delk Spectrum	2,985	12,001	1,327		3,000	13,313	16,313	5,867	10,446	—
Diablo Plaza	5,300	8,181	1,079		5,300	9,260	14,560	3,922	10,638	—
Dunwoody Village	3,342	15,934	3,232		3,342	19,166	22,508	10,600	11,908	—
East Pointe	1,730	7,189	1,726		1,771	8,874	10,645	3,917	6,728	—
East Washington Place	15,993	40,151	677		15,509	41,311	56,820	2,987	53,833	—
El Camino Shopping Center	7,600	11,538	1,258		7,600	12,796	20,396	4,983	15,413	—
El Cerrito Plaza	11,025	27,371	679		11,025	28,050	39,075	6,192	32,883	38,694
El Norte Parkway Plaza	2,834	7,370	3,243		3,263	10,185	13,448	3,693	9,755	—
Encina Grande	5,040	11,572	(25	)	5,040	11,547	16,587	6,343	10,244	—
Fairfax Shopping Center	15,239	11,367	(5,548	)	13,175	7,882	21,057	1,766	19,291	—
Fairfield	6,731	29,420	128		6,731	29,548	36,279	809	35,470	20,250
Falcon	1,340	4,168	157		1,350	4,315	5,665	1,401	4,264	—
Fellsway Plaza	30,712	7,327	2,347		32,736	7,650	40,386	861	39,525	29,839
Fenton Marketplace	2,298	8,510	(8,326	)	512	1,971	2,483	281	2,202	—
Fleming Island	3,077	11,587	2,686		3,111	14,239	17,350	5,371	11,979	—
French Valley Village Center	11,924	16,856	33		11,822	16,992	28,814	8,210	20,604	—
Friars Mission Center	6,660	28,021	970		6,660	28,991	35,651	11,642	24,009	141
Gardens Square	2,136	8,273	399		2,136	8,672	10,808	3,973	6,835	—
Gateway 101	24,971	9,113	24		24,971	9,137	34,108	2,684	31,424	—
Gateway Shopping Center	52,665	7,134	1,883		52,671	9,011	61,682	9,648	52,034	—
Gelson's Westlake Market Plaza	3,157	11,153	372		3,157	11,525	14,682	4,506	10,176	—



REGENCY CENTERS CORPORATION AND REGENCY CENTERS, L.P. Schedule III - Consolidated Real Estate and Accumulated Depreciation December 31, 2014 (in thousands)

	Initial Cost				Total Cost				Net Cost
Shopping Centers ⁽¹⁾	Land	Building & Improvements	Cost Capitalized Subsequent to Acquisition ⁽²⁾		Land	Building & Improvements	Total	Accumulated Depreciation	Net of Accumulated Depreciation	Mortgages
Glen Gate	13,241	11,968	2,717		13,241	14,685	27,926	71	27,855	—
Glen Oak Plaza	4,103	12,951	327		4,103	13,278	17,381	2,036	15,345	—
Glenwood Village	1,194	5,381	220		1,194	5,601	6,795	3,505	3,290	—
Golden Hills Plaza	12,699	18,482	3,375		12,693	21,863	34,556	4,765	29,791	—
Grand Ridge Plaza	24,208	61,033	2,643		24,843	63,041	87,884	4,525	83,359	11,309
Hancock	8,232	28,260	1,148		8,232	29,408	37,640	13,091	24,549	—
Harpeth Village Fieldstone	2,284	9,443	166		2,284	9,609	11,893	4,129	7,764	—
Harris Crossing	7,199	3,677	8		7,162	3,722	10,884	1,454	9,430	—
Heritage Land	12,390	—	(453	)	11,937	—	11,937	—	11,937	—
Heritage Plaza	—	26,097	13,366		278	39,185	39,463	13,048	26,415	—
Hershey	7	808	6		7	815	822	293	529	—
Hibernia Pavilion	4,929	5,065	(1	)	4,929	5,064	9,993	1,800	8,193	—
Hibernia Plaza	267	230	(8	)	267	222	489	51	438	—
Hickory Creek Plaza	5,629	4,564	275		5,629	4,839	10,468	2,552	7,916	—
Hillcrest Village	1,600	1,909	51		1,600	1,960	3,560	795	2,765	—
Hilltop Village	2,995	4,581	907		3,089	5,394	8,483	619	7,864	7,500
Hinsdale	5,734	16,709	1,812		5,734	18,521	24,255	8,198	16,057	—
Holly Park	8,975	23,799	(181	)	8,828	23,765	32,593	962	31,631	—
Howell Mill Village	5,157	14,279	1,983		5,157	16,261	21,418	3,358	18,060	—
Hyde Park	9,809	39,905	2,032		9,809	41,937	51,746	19,836	31,910	—
Indian Springs	24,974	25,903	—		24,958	25,919	50,877	81	50,796	—
Indio Towne Center	17,946	31,985	28		17,317	32,642	49,959	9,611	40,348	—
Inglewood Plaza	1,300	2,159	226		1,300	2,385	3,685	1,029	2,656	—
Jefferson Square	5,167	6,445	(7,340	)	1,775	2,497	4,272	254	4,018	—
Juanita Tate Marketplace	3,886	11,315	3,263		4,563	13,903	18,466	425	18,041	—
Keller Town Center	2,294	12,841	298		2,404	13,030	15,434	5,255	10,179	—
Kent Place	4,855	3,544	793		5,228	3,964	9,192	299	8,893	8,250
Kirkwood Commons	6,772	16,224	478		6,802	16,672	23,474	2,211	21,263	11,038
Kroger New Albany Center	3,844	6,599	593		3,844	7,192	11,036	4,530	6,506	—
Kulpsville	5,518	3,756	152		5,600	3,826	9,426	1,246	8,180	—
Lake Pine Plaza	2,008	7,632	448		2,029	8,058	10,087	3,431	6,656	—



REGENCY CENTERS CORPORATION AND REGENCY CENTERS, L.P. Schedule III - Consolidated Real Estate and Accumulated Depreciation December 31, 2014 (in thousands)

	Initial Cost				Total Cost				Net Cost
Shopping Centers ⁽¹⁾	Land	Building & Improvements	Cost Capitalized Subsequent to Acquisition ⁽²⁾		Land	Building & Improvements	Total	Accumulated Depreciation	Net of Accumulated Depreciation	Mortgages
Lebanon/Legacy Center	3,913	7,874	90		3,913	7,964	11,877	4,597	7,280	—
Littleton Square	2,030	8,859	(4,950	)	1,949	3,990	5,939	1,299	4,640	—
Lloyd King	1,779	10,060	1,070		1,779	11,130	12,909	4,747	8,162	—
Loehmanns Plaza California	5,420	9,450	696		5,420	10,146	15,566	4,462	11,104	—
Lower Nazareth Commons	15,992	12,964	3,248		16,343	15,861	32,204	5,257	26,947	—
Market at Colonnade Center	6,455	9,839	(18	)	6,160	10,115	16,275	1,812	14,463	—
Market at Preston Forest	4,400	11,445	995		4,400	12,440	16,840	5,241	11,599	—
Market at Round Rock	2,000	9,676	5,699		2,000	15,375	17,375	6,172	11,203	—
Marketplace Shopping Center	1,287	5,509	5,036		1,330	10,502	11,832	4,362	7,470	—
Marketplace at Briargate	1,706	4,885	48		1,727	4,912	6,639	1,884	4,755	—
Millhopper Shopping Center	1,073	5,358	4,890		1,796	9,524	11,320	5,742	5,578	—
Mockingbird Commons	3,000	10,728	665		3,000	11,393	14,393	5,043	9,350	10,300
Monument Jackson Creek	2,999	6,765	660		2,999	7,425	10,424	4,634	5,790	—
Morningside Plaza	4,300	13,951	547		4,300	14,498	18,798	6,251	12,547	—
Murryhill Marketplace	2,670	18,401	1,729		2,670	20,130	22,800	8,360	14,440	—
Naples Walk	18,173	13,554	387		18,173	13,941	32,114	3,914	28,200	15,022
Newberry Square	2,412	10,150	238		2,412	10,388	12,800	6,942	5,858	—
Newland Center	12,500	10,697	684		12,500	11,381	23,881	5,387	18,494	—
Nocatee Town Center	10,124	8,691	(1,505	)	8,386	8,924	17,310	2,256	15,054	—
North Hills	4,900	19,774	1,056		4,900	20,830	25,730	8,765	16,965	—
Northgate Marketplace	5,668	13,727	1,104		6,232	14,267	20,499	1,861	18,638	—
Northgate Plaza (Maxtown Road)	1,769	6,652	196		1,769	6,849	8,618	3,218	5,400	—
Northgate Square	5,011	8,692	389		5,011	9,081	14,092	2,538	11,554	—
Northlake Village	2,662	11,284	1,202		2,686	12,462	15,148	4,932	10,216	—
Oak Shade Town Center	6,591	28,966	391		6,591	29,357	35,948	3,573	32,375	9,692
Oakbrook Plaza	4,000	6,668	306		4,000	6,974	10,974	3,023	7,951	—
Oakleaf Commons	3,503	11,671	288		3,510	11,952	15,462	3,804	11,658	—
Ocala Corners	1,816	10,515	206		1,816	10,721	12,537	1,679	10,858	5,025
Old St Augustine Plaza	2,368	11,405	201		2,368	11,606	13,974	5,649	8,325	—
Paces Ferry Plaza	2,812	12,639	334		2,812	12,974	15,786	7,562	8,224	—
Panther Creek	14,414	14,748	2,872		15,212	16,822	32,034	9,370	22,664	—



REGENCY CENTERS CORPORATION AND REGENCY CENTERS, L.P. Schedule III - Consolidated Real Estate and Accumulated Depreciation December 31, 2014 (in thousands)

	Initial Cost				Total Cost				Net Cost
Shopping Centers ⁽¹⁾	Land	Building & Improvements	Cost Capitalized Subsequent to Acquisition ⁽²⁾		Land	Building & Improvements	Total	Accumulated Depreciation	Net of Accumulated Depreciation	Mortgages
Peartree Village	5,197	19,746	796		5,197	20,542	25,739	9,761	15,978	7,465
Pike Creek	5,153	20,652	1,583		5,251	22,137	27,388	9,772	17,616	—
Pima Crossing	5,800	28,143	1,197		5,800	29,340	35,140	12,957	22,183	—
Pine Lake Village	6,300	10,991	717		6,300	11,708	18,008	5,058	12,950	—
Pine Tree Plaza	668	6,220	364		668	6,584	7,252	2,849	4,403	—
Plaza Hermosa	4,200	10,109	2,434		4,202	12,541	16,743	4,331	12,412	13,800
Powell Street Plaza	8,248	30,716	1,821		8,248	32,537	40,785	11,408	29,377	—
Powers Ferry Square	3,687	17,965	6,118		5,289	22,481	27,770	11,597	16,173	—
Powers Ferry Village	1,191	4,672	438		1,191	5,110	6,301	2,971	3,330	—
Prairie City Crossing	4,164	13,032	393		4,164	13,425	17,589	4,782	12,807	—
Prestonbrook	7,069	8,622	232		7,069	8,854	15,923	5,712	10,211	6,800
Preston Oaks	763	30,438	129		763	30,567	31,330	1,504	29,826	—
Red Bank	10,336	9,505	(115	)	10,110	9,616	19,726	1,635	18,091	—
Regency Commons	3,917	3,616	210		3,917	3,826	7,743	1,790	5,953	—
Regency Solar (Saugus)	—	—	758		6	752	758	59	699	—
Regency Square	4,770	25,191	4,391		5,060	29,292	34,352	19,735	14,617	—
Rona Plaza	1,500	4,917	217		1,500	5,134	6,634	2,476	4,158	—
Russell Ridge	2,234	6,903	920		2,234	7,823	10,057	3,912	6,145	—
Sammamish-Highlands	9,300	8,075	7,777		9,592	15,560	25,152	4,412	20,740	—
San Leandro Plaza	1,300	8,226	472		1,300	8,698	9,998	3,519	6,479	—
Sandy Springs	6,889	28,056	1,195		6,889	29,251	36,140	2,176	33,964	16,079
Saugus	19,201	17,984	(1,120	)	18,805	17,260	36,065	5,552	30,513	—
Seminole Shoppes	8,593	7,523	94		8,629	7,581	16,210	1,561	14,649	9,958
Sequoia Station	9,100	18,356	1,394		9,100	19,750	28,850	7,949	20,901	21,100
Sherwood II	2,731	6,360	492		2,731	6,852	9,583	2,183	7,400	—
Shoppes @ 104	11,193	—	574		6,652	5,115	11,767	1,256	10,511	—
Shoppes at Fairhope Village	6,920	11,198	276		6,920	11,473	18,393	3,019	15,374	—
Shoppes of Grande Oak	5,091	5,985	218		5,091	6,203	11,294	3,944	7,350	—
Shops at Arizona	3,063	3,243	153		3,063	3,396	6,459	1,794	4,665	—
Shops at County Center	9,957	11,269	740		10,209	11,757	21,966	5,455	16,511	—
Shops at Erwin Mill	236	131	15,087		9,171	6,283	15,454	378	15,076	10,000



REGENCY CENTERS CORPORATION AND REGENCY CENTERS, L.P. Schedule III - Consolidated Real Estate and Accumulated Depreciation December 31, 2014 (in thousands)

	Initial Cost				Total Cost				Net Cost
Shopping Centers ⁽¹⁾	Land	Building & Improvements	Cost Capitalized Subsequent to Acquisition ⁽²⁾		Land	Building & Improvements	Total	Accumulated Depreciation	Net of Accumulated Depreciation	Mortgages
Shops at Johns Creek	1,863	2,014	(349	)	1,501	2,028	3,529	938	2,591	—
Shops at Mira Vista	11,691	9,026	6		11,691	9,032	20,723	345	20,378	257
Shops at Quail Creek	1,487	7,717	438		1,499	8,143	9,642	2,061	7,581	—
Shops on Main	15,211	23,030	1,203		15,211	25,589	40,800	1,548	39,252	—
Signature Plaza	2,396	3,898	(13	)	2,396	3,885	6,281	2,025	4,256	—
South Bay Village	11,714	15,580	1,385		11,776	16,903	28,679	1,567	27,112	—
South Lowry Square	3,434	10,445	789		3,434	11,234	14,668	4,781	9,887	—
Southcenter	1,300	12,750	848		1,300	13,598	14,898	5,559	9,339	—
Southpark at Cinco Ranch	18,395	11,306	702		18,685	11,718	30,403	1,325	29,078	—
SouthPoint Crossing	4,412	12,235	657		4,412	12,892	17,304	5,034	12,270	—
Starke	71	1,683	4		71	1,686	1,757	599	1,158	—
State Street Crossing	1,283	1,970	107		1,283	2,077	3,360	473	2,887	—
Sterling Ridge	12,846	12,162	490		12,846	12,652	25,498	7,431	18,067	13,900
Stonewall	27,511	22,123	6,886		28,429	28,091	56,520	10,146	46,374	—
Strawflower Village	4,060	8,084	394		4,060	8,478	12,538	3,767	8,771	—
Stroh Ranch	4,280	8,189	503		4,280	8,692	12,972	5,246	7,726	—
Suncoast Crossing	4,057	5,545	10,253		9,030	10,825	19,855	3,575	16,280	—
Tanasbourne Market	3,269	10,861	(296	)	3,269	10,565	13,834	3,142	10,692	—
Tassajara Crossing	8,560	15,464	781		8,560	16,245	24,805	6,747	18,058	19,800
Tech Ridge Center	12,945	37,169	375		12,945	37,544	50,489	5,244	45,245	9,644
The Hub Hillcrest Market	18,773	61,906	2,789		19,355	64,114	83,469	3,744	79,725	—
Town Square	883	8,132	356		883	8,488	9,371	4,050	5,321	—
Twin City Plaza	17,245	44,225	1,379		17,263	45,586	62,849	11,606	51,243	39,745
Twin Peaks	5,200	25,827	695		5,200	26,522	31,722	10,823	20,899	—
Valencia Crossroads	17,921	17,659	559		17,921	18,219	36,140	12,972	23,168	—
Village at Lee Airpark	11,099	12,955	2,292		11,352	15,320	26,672	4,126	22,546	—
Village Center	3,885	14,131	6,847		4,829	20,159	24,988	6,463	18,525	—
Walker Center	3,840	7,232	3,170		3,878	10,364	14,242	4,081	10,161	—
Welleby Plaza	1,496	7,787	806		1,496	8,593	10,089	5,802	4,287	—
Wellington Town Square	2,041	12,131	307		2,041	12,438	14,479	5,627	8,852	12,800
West Park Plaza	5,840	5,759	1,170		5,840	6,929	12,769	2,969	9,800	—



REGENCY CENTERS CORPORATION AND REGENCY CENTERS, L.P. Schedule III - Consolidated Real Estate and Accumulated Depreciation December 31, 2014 (in thousands)

	Initial Cost					Total Cost				Net Cost
Shopping Centers ⁽¹⁾	Land		Building & Improvements	Cost Capitalized Subsequent to Acquisition ⁽²⁾		Land	Building & Improvements	Total	Accumulated Depreciation	Net of Accumulated Depreciation	Mortgages
Westchase	5,302		8,273	244		5,302	8,517	13,819	2,294	11,525	7,242
Westchester Commons	3,366		11,751	9,452		4,655	20,815	25,470	3,911	21,559	—
Westchester Plaza	1,857		7,572	269		1,857	7,841	9,698	4,421	5,277	—
Westlake Plaza and Center	7,043		27,195	1,491		7,043	28,687	35,730	12,432	23,298	—
Westwood Village	19,933		25,301	(1,196	)	19,553	24,485	44,038	8,586	35,452	—
Willow Festival	1,954		56,501	436		1,954	56,937	58,891	7,373	51,518	39,505
Windmiller Plaza Phase I	2,638		13,241	158		2,638	13,399	16,037	6,161	9,876	—
Woodcroft Shopping Center	1,419		6,284	523		1,421	6,805	8,226	3,463	4,763	—
Woodman Van Nuy	5,500		7,195	197		5,500	7,392	12,892	3,127	9,765	—
Woodmen and Rangewood	7,621		11,018	477		7,617	11,493	19,110	9,125	9,985	—
Woodside Central	3,500		9,288	548		3,500	9,836	13,336	4,008	9,328	—

Total Corporate Assets	—		—	1,547		—	1,547	1,547	1,085	462	—

Properties in Development	—		—	239,538		24,243	215,295	239,538	472	239,066	—
	$	1,370,286	2,572,774	463,537		1,404,454	3,005,432	4,409,886	933,708	3,476,178	541,605

⁽¹⁾ See Item 2, Properties for geographic location and year each operating property was acquired.

⁽²⁾ The negative balance for costs capitalized subsequent to acquisition could include out-parcels sold, provision for loss recorded and development transfers subsequent to the initial costs.

See accompanying report of independent registered public accounting firm.