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Actionable news in BRX: BRIXMOR PROPERTY GROUP Inc,

On November

The following table and accompanying footnotes set forth information regarding the beneficial ownership of the outstanding shares of the Companys common stock and common units of partnership interest of Brixmor Operating Partnership LP not held by the Company as of November 3, 2015, before and after giving effect to this transaction. Beneficial ownership is determined in accordance with the rules of the SEC.

Prior to the Sale

After the Sale

Name of Beneficial

Owner

Number of

Shares of

Common

Stock

Beneficially

Owned

% of All

Shares

of

Common

Stock

Number of

OP Units

Beneficially

Owned (1)

% of All

Outstanding

Brixmor

Interests (1)

Number of

Shares of

Common

Stock

Sold (2)(3)

Number of

Shares of

Com mon

Stock

Beneficially

Owned

% of All

Shares

of

Common

Stock

Number of

OP Units

Beneficially

Owned (2)

% of All

Outstanding

Brixmor

Interests (2)

Blackstone (3)

121,557,416

40.72%

5,591,960

41.79%

14,000,000

108,173,128

36.17%

4,976,248

37.19%

____________________

(1)

Subject to certain requirements and restrictions, the OP Units are redeemable for cash or, at the Companys option, exchangeable for shares of the Companys common stock, on a one-for-one basis subject to customary exchange rate adjustments for stock splits, stock dividends, and reclassifications, subject to the ownership limit and other restrictions on ownership and transfer of the Companys stock set forth in the Companys charter. Beneficial ownership of OP Units reflected in this table is presented separately from the beneficial ownership of the shares of the Companys common stock for which such OP Units may be exchanged.

(2)

Prior to the consummation of this transaction the Company will issue to certain selling stockholders an aggregate of 615,712 shares of the Companys common stock in exchange for an equivalent number of outstanding OP Units that will be tendered for redemption, all of which will be sold by such selling stockholders in this transaction. The issuance of shares of common stock as described in this paragraph will not result in any change in the number of Outstanding Brixmor Interests. More specifically, the number of shares of common stock to be sold by Blackstone includes: 528,213 shares offered for the account of BRE Southeast Retail Holdings LLC (BRE Southeast Retail) and 87,499 shares offered for the account of BRE Throne JV Member LLC (BRE Throne JV), which shares will, in each case, be issued to the Company for the account of such persons in exchange for an equivalent number of Outstanding OP Units held by such persons.

(3)

Amounts beneficially owned prior to this transaction reflect 653,046 shares of the Companys common stock directly held by Blackstone Retail Transaction II Holdco L.P. (Blackstone Retail Transaction II). Amounts beneficially owned prior to this transaction also reflect 30,711,084 shares of the Companys common stock directly held by BRX BRPTP II Holdco LLC. BRX BRPTP II Holdco LLC is a wholly-owned subsidiary of Blackstone Retail Transaction II. The general partner of Blackstone Retail Transaction II is Blackstone Real Estate Associates VI L.P. The general partner of Blackstone Real Estate Associates VI L.P. is BREA VI L.L.C. The managing member of BREA VI L.L.C. is Blackstone Holdings III L.P.

Amounts beneficially owned prior to this transaction also reflect 64,473,886 shares of the...


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