Regency Centers' bread and butter comes from grocery stores. A real estate investment trust (REIT), the firm owns, manages, and develops neighborhood shopping centers in about two dozen states and Washington, DC, many of them anchored by a Kroger, Publix, or TJX supermarket. Other tenants include retailers, restaurants, and professional services firms. The REIT wholly owns or has interests in about 420 properties measuring more than 52 million sq. ft. of leasable space. The REIT focuses on high-growth areas in states including California, Florida, Texas, Georgia, and Colorado, home to the majority of its wholly-owned holdings.