Phillips Edison & Company

Phillips Edison & Company
Parent Company
Industry Real Estate Investment Trust
Founded 1991 (1991)
Key people
  • Jeffery Edison (CEO)
  • Mike Phillips (Principal)
Revenue Increase US$399.7 million (2015)
Total assets Increase US$3 billion (2015)
Website www.phillipsedison.com

Phillips Edison & Company is an American owner, operator, acquirer and developer of shopping centers throughout the US.[1] Founded in 1991, the Company is headquartered in Cincinnati, Ohio and has offices in Salt Lake City, Utah, New York City, New York and Atlanta, Georgia.

In 2017, Phillips Edison & Company was ranked as one of the fastest growing private companies in Cincinnati by the Cincinnati Business Courier.[2] Phillips Edison & Company has doubled in size every three years for the past 25 years.[3]

History

After leaving Taubman Centers, Mike Phillips and Jeff Edison created Phillips Edison & Company to invest in community and neighborhood shopping centers. The two acquired their first property in 1992 and subsequently began investing other properties across the country through a series of private funds.

In 2010, Phillips Edison & Company launched Phillips Edison—ARC Shopping Center REIT Inc., the first of two non-traded real estate investment trusts (REITs).[4] In 2013, Phillips Edison & Company created Phillips Edison – ARC Grocery Center REIT II, Inc.[5] Phillips Edison & Company rebranded its non-traded REITs in [2014] as Phillips Edison Grocery Center REIT I and Phillips Edison Grocery Center REIT II.

In 2015, Phillips Edison & Company separated its Strategic Investment and Net Lease Investment business units into a standalone company called PECO Real Estate Partners, allowing Phillips Edison & Company to “focus exclusively on growing and enhancing the value of its grocery-anchored shopping center portfolio.”[6]

Jeff Edison serves as Phillips Edison & Company’s Principal and Chief Executive Officer.[7]

In 2016, Phillips Edison & Company was ranked in Inc. (magazine) as one of the 5,000 fastest-growing private firms in the nation[8] and the 14th largest retail owner by square footage by National Real Estate Investor.[9]

Business Model

Phillips Edison & Company has in-house leasing, property management, accounting, acquisitions, dispositions, development and financing teams.[1] The Company is focused exclusively on “investing in grocery-anchored shopping centers.”[10]

Corporate governance

Post Holder
Principal and Chief Executive Officer Jeffrey S. Edison (1995 – present)[7]
Principal Michael C. Phillips (1995 – present)[11]
Chief Financial Officer Devin I. Murphy (2013–present)[12]
Chief Operating Officer Robert F. Myers (2010– present)[13]
Senior Vice President and General Counsel Tanya Brady (2015–present)[14]

See also

References

  1. 1 2 Demeropolis, Tom (June 21, 2016). "EXCLUSIVE: Could this be Cincinnati's next publicly traded company?". Cincinnati Business Courier.
  2. ↑ "Fast 55: Honoring Greater Cincinnati's fastest-growing private companies". Cincinnati Business Courier. 2017.
  3. ↑ "Taking Charge". Shopping Center Business. May 2016.
  4. ↑ "Form S-11 Registration Statement". Securities and Exchange Commission. Retrieved 30 January 2017.
  5. ↑ "Form S-11 Registration Statement". Securities and Exchange Commission. Retrieved 30 January 2017.
  6. ↑ "Phillips Edison & Company Announces Division of Strategic Investment and Net Lease Investment Business Units Into Standalone Company". PR Newswire. Retrieved 30 January 2017.
  7. 1 2 "Jeffrey S. Edison". Bloomberg. Retrieved 30 January 2017.
  8. ↑ "Phillips Edison& Company". INC 5000. 2016.
  9. ↑ "2016 Top Retail Owners". National Real Estate Investor. 2016.
  10. ↑ "Phillips Edison Spins Off New Standalone". GlobeSt.com. May 14, 2015.
  11. ↑ "Michael C. Phillips". Bloomberg. Retrieved 30 January 2017.
  12. ↑ "Devin I. Murphy Joins Phillips Edison & Company As Principal". PR Newswire. Retrieved 30 January 2017.
  13. ↑ "Phillips Edison Names Robert F. Myers as Chief Operating Officer". PR Newswire. Retrieved 30 January 2017.
  14. ↑ "Phillips Edison & Company Appoints Tanya Brady as Senior Vice President, General Counsel". PR Newswire. Retrieved 30 January 2017.
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