N@N

Equity One Announces Offering of 8.0 Million Shares of Common Stock

^{Published on 2010-12-08 14:00:39 - Market Wire}
 

NORTH MIAMI BEACH, Fla.--([ BUSINESS WIRE ])--Equity One, Inc. (NYSE:EQY), an owner, developer, and operator of shopping centers, announced today that it will issue and sell 8.0 million shares of its common stock in a public offering. Barclays Capital Inc. is acting as sole book running manager for the offering. The Company intends to use the net proceeds for the repayment of indebtedness, including outstanding mortgage debt on a property to be acquired as part of the Companya™s previously disclosed acquisition of C&C (US) No. 1, Inc. through a joint venture with Liberty International Holdings Limited, and/or for general corporate purposes, including acquisitions. The Company will grant the underwriter a 30-day option to purchase up to an additional 1,200,000 shares to cover over-allotments, if any.

In addition, MGN America, LLC, an entity affiliated with Equity Onea™s largest stockholder, Gazit-Globe, Ltd., has agreed to purchase directly from the Company an aggregate of 900,000 additional shares of common stock in a private placement transaction to be consummated simultaneously with and subject to the closing of the public offering.

All shares of common stock other than the shares of common stock issued in the private placement transaction will be offered under the Companya™s existing shelf registration statement filed with the Securities and Exchange Commission. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. A copy of the prospectus supplement and prospectus relating to these securities may be obtained, when available, from Barclays Capital Inc., Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by calling toll free at 1-888-603-5847.

ABOUT EQUITY ONE, INC.

As of September 30, 2010, Equity One owned or had interests in 189 properties, consisting of 174 shopping centers comprising approximately 19.5 million square feet, four projects in development/redevelopment, six non-retail properties, and five parcels of land. Additionally, Equity One had joint venture interests in twelve shopping centers and one office building totaling approximately 1.9 million square feet and passive joint venture ownership interests in two retail properties totaling approximately 20,000 square feet.

FORWARD-LOOKING STATEMENTS

Certain matters discussed by Equity One 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 the capital markets; changes in macro-economic conditions and the demand for retail space in the states in which Equity One owns properties; the continuing financial success of Equity Onea™s current and prospective tenants; continuing supply constraints in its geographic markets; the availability of properties for acquisition; the impact on our results of acquisitions and dispositions of real estate properties and of joint venture interests and expenses incurred by us in connection with our acquisition and disposition activity; the success of its efforts to lease up vacant space; the effects of natural and other disasters; impairment charges; the ability of Equity One successfully to integrate the operations and systems of acquired companies and properties; and other risks, which are described in Equity Onea™s filings with the Securities and Exchange Commission.