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 Safeway supermarket. Other tenants include retailers, restaurants, and professional services firms. The REIT wholly owns or has interests in about 330 properties measuring more than 44 million sq. ft. of leaseable 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.