NEW YORK, Sept. 15, 2017 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today that of its 130 properties in the areas impacted by the storm in Florida, Georgia, South Carolina and Alabama, a limited number of tenants are in the process of reopening their stores at 14 partially open properties which experienced damage related to water intrusion, wind-related damages or power outages. The Company is working diligently to re-open the affected tenants as soon as possible. The remaining 116 properties are fully open and operating.
In continuation of the multi-tier relief effort launched in Houston with Hurricane Harvey and as part of the Company's ongoing commitment to the communities it serves, Brixmor is aiding the areas impacted by Hurricane Irma by:
- Supporting the Hurricane Irma Children's Relief Fund with funding for 300 secure cribs for Florida shelters housing displaced families; followed by dollar-for-dollar matching by Brixmor of all employee contributions to the Children's Relief Fund;
- Providing opportunities for Brixmor team members to prepare homes for rehabilitation and / or rebuild homes with Habitat for Humanity in affected areas that its shopping centers serve.
"We are again relieved that our employee base in Brixmor's South region and their families are safe and are grateful for their, as well as our entire property management team's, efforts in quickly assessing and addressing the impact of Irma. For anyone interested in joining our efforts to support the Hurricane Irma Children's Relief Fund, please click HERE," said James Taylor, Chief Executive Officer and President.
CONNECT WITH BRIXMOR
- For additional information, please visit www.brixmor.com;
- Follow Brixmor on Twitter at www.twitter.com/Brixmor;
- Find Brixmor on LinkedIn at www.linkedin.com/company/brixmor.
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 500 retail centers comprise 85 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 5,500 best-in-class national, regional and local tenants and is the largest landlord 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, 2016, 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.
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SOURCE Brixmor Property Group Inc.