Rule 424(b)(2)
Registration Number 333-2546
PROSPECTUS SUPPLEMENT DATED FEBRUARY 28, 1997
Regency Realty Corporation
1,475,178 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.
Substantially all the aggregate proceeds of $26.0 million will be
contributed by the Company to a subsidiary for contribution in turn to a
limited partnership that has been formed to acquire substantially all the
assets of Branch Properties, L.P. ("Branch"). The partnership will use
the funds to repay borrowings encumbering shopping centers being acquired
from Branch and to pay transaction costs incurred in connection with the
acquisition.
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.