Shopping Centers Today

DEC 2016

Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)

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J ames M. Taylor Jr., the new CEO at open-air shopping center REIT Brixmor Property Group, made several changes at the New York City– based firm in the third quarter to reorganize the way responsibilities are delegated. "We have clear roles, more empowerment, and it's very clear when somebody is or isn't succeeding at what they are supposed to be doing," Taylor said. A major change involved streamlining the leasing structure from three regions to four under Brian Finnegan, the executive vice president of leasing. Taylor has also moved the company's specialty leasing program from the property management division to the leasing division. "We are trying to shift towards income streams that are driven with more of a leasing mindset than a property management mindset," Taylor said. Taylor also expanded the roles and responsibilities of Brixmor's national- accounts leasing team under Executive Vice President Michael Moss. "While our regional leasing teams are accountable for driving net operating income at the asset level, our national-accounts team is accountable for goals like tenant market share and quality of merchandising versus just deal volume," Taylor said. "Mike Moss has brought on board some new, real talented people to focus on restaurant leasing, entertainment concepts and a broader menu of retail tenants." Brixmor has also weaned itself of third-party service aggregators in favor of direct contracting for such functions as landscaping, sweeping and maintenance. "As part of this move, we've implemented basic quality- control metrics and scorecards on property appearance," Taylor said. "We believe these changes will be critical in improving the look and feel of our centers and when necessary provide greater flexibility to change our service providers. Our centers, simply put, must look better and be more inviting to the communities they serve. By eliminating the middleman, we believe we can provide a better experience at equal cost to ourselves and our tenants." Taylor joined Brixmor in May from Federal Realty Investment Trust, where he was executive vice president, CFO and treasurer. He replaced Daniel B. Hurwitz, the former DDR Corp. chief who had been running the REIT temporarily since February. n S T A T E M E N T O F O W N E R S H I P, M A N A G E M E N T A N D C I R C U L A T I O N This information is published to fulfill requirements of the U.S. Postal Service for second-class mailing privileges; PS Form 3526 Title of publication: Shopping Centers Today Publications Number: 000-936 Date of Filing: October 1, 2016 Frequency of Issue: Monthly Number of Issues Published annually: 12 Annual subscription price: $70 ($99 Foreign, $35 for members of ICSC) Mailing address of office publication: 1221 Avenue of the Americas, 41st Floor, New York, NY 10020-1099 Name and address of headquarters of general business office of the publisher: 1221 Avenue of the Americas, 41st Floor, New York, NY 10020-1099 Name and address of publisher: Patricia Norins, 1221 Avenue of the Americas, 41st Floor, New York, NY 10020-1099 Name and address of editor: Edmund Mander, 1221 Avenue of the Americas, 41st Floor, New York, NY 10020-1099 Name and address of managing editor: Brannon Boswell, 1221 Avenue of the Americas, 41st Floor, New York, NY 10020-1099 Owner: International Council of Shopping Centers, 1221 Avenue of the Americas, 41st Floor, New York, NY 10020-1099 Known bondholders, mortgages holders and other security holders owning or holding 1% or more of total amount of bonds, mortgages or other securities: none Extent and nature of circulation Average number of copies each issue during preceding 12 months Actual number of copies of single issue published nearest to filing date Total No. of Copies 60,972 56,618 Paid and/or requested circulation 49,577 50,517 Sales through dealers and carriers, street vendors and counter sales None None Mail subscriptions Total paid/and or requested circulation 57,771 55,082 Total free distribution 3,201 1,536 Copies not distributed Office use, left over, unaccounted, spoiled after printing None None Return from news agents None None Total 60,972 56,618 Percent paid and/or requested circulation 95% 97% I certify that the statements made by me above are correct and complete. Signed, Rudolph E. Milian, Publisher 140 S C T / D E C E M B E R 2 0 1 6 Brixmor streamlines operations, reorganizes staff in third quarter N E W S M A K E R S

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