Equity One, Inc. is a real estate investment trust (REIT), that principally owns, manages, acquires and develops neighbourhood and community shopping centers. As of December 31, 2008, the Company’s property portfolio comprises 160 properties, including 146 shopping centers consisting of approximately 16 million square feet of gross leasable area (GLA), four development/redevelopment properties, six non-retail properties and four parcels of land. As of December 31, 2008, its core portfolio was 92.1% leased and included national, regional and local tenants. In addition, it owns a 10% interest in GRI-EQY I, LLC (GRI Venture), which owns ten neighbourhood shopping centers totaling approximately 1.4 million square feet of GLA as of December 31, 2008.