Israeli real estate operator Gazit-Globe has sold its remaining 5.6 million shares of Florida-based peer Regency Centers for $61.95 a share or a total of $347 million.
The latest deal follows previous sales of 2.5 million Regency shares in June and July.
The sale of the shares is part of the company’s strategy to reduce its holdings in public companies, increase its share in private real estate and reduce leverage.
Gazit-Globe said its sales totaled $502 million.