Rule 424(b)(2)
Registration Number 333-2546
PROSPECTUS SUPPLEMENT DATED JUNE 24, 1997
Regency Realty Corporation
2,372,422 Shares
Common Stock
All of the shares of Common Stock offered hereby are being sold directly
by Regency Realty Corporation (the "Company") pursuant to the terms of a
Stock Purchase Agreement dated as of June 11, 1996, by and among the
Company, Security Capital Holdings S.A. and Security Capital U.S. Realty,
as amended. The shares are being sold at a price of $17.625 per share.
The aggregate proceeds of $41.8 million will be used by the Company to
repay borrowings outstanding under the Company's revolving credit
agreement bearing interest at a weighted average annual rate of 7.25%.
Such borrowings were incurred in the past year to finance the acquisition
of shopping center properties.
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES
AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS
THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES
COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS
PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY
IS A CRIMINAL OFFENSE.