Brixmor Property Group Enhances Senior Team In Midwest Region

NEW YORK, July 16, 2018 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today the appointment of seasoned real estate executive John M. Hendrickson as Executive Vice President - President, Midwest, effective August 1, 2018.  In this role, he will oversee the development and execution of long-term business plans for more than 19 million square feet of open-air retail properties, including leasing, reinvestment and specialty leasing activities. Mr. Hendrickson will report to Brian Finnegan, Executive Vice President, Leasing and manage an experienced team, including recent addition Corrine Cecil, Vice President - Leasing, Midwest, who joined the Company in April 2018.

"We are excited to add these talented and veteran real estate professionals to our team. John's leadership skills, financial acumen and retail market expertise, in conjunction with the deep skill set of Corrine and our entire Midwest team, will be instrumental in harvesting the growth and value creation opportunities in our Midwest portfolio," stated Brian Finnegan, Executive Vice President, Leasing. 

Mr. Hendrickson has 25 years of retail real estate experience, including 19 years in the REIT industry at RAMCO Properties Trust and Federal Realty Investment Trust.  He most recently served as Chief Operating Officer of RAMCO, where he was responsible for harvesting value from a 59 property open-air retail portfolio, including the identification and execution of $266 million of active and shadow redevelopment projects.  Prior to joining RAMCO in 2015, he was Manager Director Mixed-Use Division of Federal Realty Investment Trust after holding the Northeast Region Chief Operating Officer position and various Investments roles.   Ms. Cecil spent the last decade at Phillips Edison & Co. in leasing positions, including most recently as Regional Vice President Leasing for a 90 property portfolio.  She is a member of the Illinois, Missouri and Ohio Bar Associations. 

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ABOUT BRIXMOR PROPERTY GROUP
Brixmor Property Group, a real estate investment trust (REIT), is a leading owner and operator of high-quality, open-air shopping centers. The Company's more than 475 retail centers comprise 82 million square feet in established trade areas across the nation and are supported by a diverse mix of highly productive non-discretionary and value-oriented retailers, as well as consumer-oriented service providers. Brixmor is committed to maximizing the value of its portfolio by prioritizing investments, cultivating relationships and capitalizing on embedded growth opportunities through driving rents, increasing occupancy and pursuing value-enhancing reinvestment opportunities. Headquartered in New York City, Brixmor is a partner to more than 5,000 best-in-class national, regional and local tenants and is one of the largest landlords to The TJX Companies and The Kroger Company. 

SAFE HARBOR LANGUAGE
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  These statements include, but are not limited to, statements related to the Company's expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements.  You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2017, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov.  Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

SOURCE Brixmor Property Group Inc.

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