Blackstone acquired Australia based Centro Property Group. Additional properties were subsequently acquired from Equity One Inc. and Regency Centers to form Brixmor. Additionally, Blackstone issued its first IPO for Brixmor in the largest IPO of a shopping center REIT since Simon Property Group.
Duff & Phelps Real Estate Advisory Group’s Role
Duff & Phelps serves as a Property Tax consultant for approximately 60 Brixmor centers located across the United States. Over the past decade, Duff & Phelps has generated real estate tax savings in excess of $20 million.
About Brixmor Property Group
Brixmor Property Group (the “Company”) is a real estate investment trust (REIT) which owns and provides value enhancing asset management of shopping centers in the United States. The Company owns 519 properties with an aggregate 87 million square feet of space.