3.89%QQQQ 33.42 4.87%XLF 16.69 
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NORTH MIAMI BEACH, Fla. - Equity One Inc. said it will sell seven properties to a joint venture with Global Retail Investors LLC for about $197.4 million.
| EQY | 17.2 |  -2.23 |
Equity One, which holds a 10 percent stake in the joint venture, expects proceeds of approximately $129.8 million from the sale. The real estate investment trust plans to use the proceeds for existing development and redevelopment projects, acquisitions, to lower debt and for other general corporate purposes.
The properties include two regional centers, three supermarket-anchored shopping centers and two retail strip centers in Florida, Georgia and South Carolina.
Equity One owned or had a stake in 169 properties as of Dec. 31.
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