Jacksonville, FL-based Regency Centers (NYSE:REG), together with co-investment partner Macquarie CountryWide of Australia, sold seven "non-core" properties, totaling 804,457 square feet, to a joint venture between New York-based Angelo Gordon & Co and Maryland-based Spectrum Partners. The portfolio of centers sold for $108.1 million, or approximately $134.38 per square foot, with a cap rate of 7.75 percent; this sale price is $10.5 million less than the agreed-upon price Macquarie announced in Nov. 2007.