As of October 31, 2021, the company owned interests in 79 properties comprising 5.1 million square feet of gross leasable area.
Another strategic decision Urstadt implemented was to keep the company's debt low relative to the size of its assets.
[3] In 2002, the company acquired Ridgeway Shopping Center in Stamford, Connecticut for $89.3 million from a partnership controlled by Larry Silverstein and Howard Menaker.
Thirty-five tenants occupied the property including Bed Bath & Beyond, Staples Inc., Old Navy and a 60,000-square-foot Stop & Shop grocery store.
The property was located on Route 7 in New Milford, Connecticut and included Walmart and Stop & Shop as tenants.
The 110,000-square-foot center was anchored by The Great Atlantic & Pacific Tea Company with other tenants including CVS Pharmacy, Smashburger, and Investors Bank.
Prior to joining the company, he was a real estate executive with Halstead Property, Brown Harris Stevens and Pearce, Urstadt, Mayer & Greer.
He succeeded his father, Charles J. Urstadt, who remained on the board of directors as chairman emeritus[16] until his death in 2020.
[18] In a news release, Willing L. Biddle, CEO of Urstadt Biddle said: “"Regency has a long, successful history of being a sector and industry leader in the ownership and operation of high-quality shopping centers around the country, with one of the best-regarded teams in the REIT industry.