Phillips Edison & Company

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.

Phillips Edison & Company
TypeParent Company
IndustryReal Estate Investment Trust
Founded1991 (1991)
HeadquartersCincinnati, Ohio
Area served
Salt Lake City, Utah
New York City
Atlanta, Georgia
Key people
  • Jeffery Edison (CEO)
  • Mike Phillips (Principal)
Revenue US$399.7 million (2015)
Total assets US$3 billion (2015)
Websitewww.phillipsedison.com

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]
President Devin I. Murphy (2019–present)
Chief Financial Officer John Caulfield (2019-present)
Chief Operating Officer Robert F. Myers (2010– present)[12]
Senior Vice President and General Counsel Tanya Brady (2015–present)[13]

See also

References
  1. 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. "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. "Phillips Edison Names Robert F. Myers as Chief Operating Officer". PR Newswire. Retrieved 30 January 2017.
  13. "Phillips Edison & Company Appoints Tanya Brady as Senior Vice President, General Counsel". PR Newswire. Retrieved 30 January 2017.
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