Sydney Wessinger

Sydney Wessinger inquired about the construction cost assumptions embedded in the 9% stabilized development yield and whether Regency is underwriting any cost relief or increased pressure.

Answer

Nick Wibbenmeyer, West Region President and Chief Investment Officer, expressed confidence in stable construction cost assumptions. He highlighted the team's ability to accurately project costs even during past volatility and anticipates continued stability over the next 12-18 months, supporting their underwriting.

Sydney Wessinger inquired about the construction cost assumptions embedded in the 9% stabilized development yield and whether Regency Centers is underwriting any cost relief or increased pressure.

Answer

Nick Wibbenmeyer, West Region President and Chief Investment Officer, expressed confidence in the stability of construction cost assumptions. He noted that after a period of volatility, costs have been stable over the last 12-18 months, providing good visibility for underwriting future projects.