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Brixmor Taps Taylor as CEO, President

Beleaguered Retail REIT Finally Fills Top Spot Following Resignation of Carroll Late Last Year Amid Accounting Irregularities
April 12, 2016
James M. Taylor, CEO and President-elect of Brixmor Property Group, Inc.
James M. Taylor, CEO and President-elect of Brixmor Property Group, Inc.
Brixmor Property Group, Inc. (NSYE: BRX) has selected industry veteran Jim Taylor as its chief executive officer and president, following an extensive search by the Brixmor board of directors' search committee and consulting firm Korn Ferry.

Effective May 20, 2016, Taylor will succeed Daniel B. Hurwitz, who has filled the position on an interim basis since February, following the December 2015 resignation of former chief executive Michael Carroll subsequent to the company's disclosure of an internal accounting review that brought to light the manipulation of financial results.

Hurwitz will continue to serve as a member of the company's board of directors, which Taylor will join following the 2016 Annual Meeting of Stockholders scheduled for June 16.

Taylor brings more than 20 years of commercial real estate experience, currently serving as executive vice president, chief financial officer and treasurer for Federal Realty Investment Trust, where he is responsible for sourcing and evaluating business development opportunities for the REIT's east coast portfolio and operational oversight of its southeast portfolio while serving on its executive and investment committees.

"Jim is a highly accomplished and well regarded real estate executive. He brings to Brixmor a career full of accomplishments including: an extensive knowledge of the shopping center space, strategic planning and operations, leasing and redevelopment; demonstrated transactional expertise; and balance sheet management and exceptional capital markets capabilities," said John Schreiber, Brixmor's chairman of the board. "Jim is a proven leader who we feel is uniquely qualified to enhance Brixmor's position within the industry, while maximizing value for shareholders."

Prior to joining FRIT, Taylor served as a senior managing director and head of real estate investment banking at Eastdil Secured / Wells Fargo and its predecessor Wachovia Securities, where he completed more than $100 billion in public debt and equity offerings, M&A transactions, asset and portfolio sales, private equity placements, mortgage financing and bank loans for a variety of real estate clients. Before that he practiced corporate and securities law at Hunton & Williams, with a focus on equity REITs, and started as a senior accountant at Price Waterhouse.

Taylor holds a Juris Doctorate and bachelor's degree in commerce from the University of Virginia.

Brixmor owns and operates a national portfolio of grocery-anchored community and neighborhood shopping centers, currently totaling 518 centers aggregating roughly 87 million square feet across the top 50 U.S. metro markets.
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