Item 7.01 Regulation FD Disclosure

Equity One, Inc., a Maryland corporation (the "Company" or "Equity One"), is hereby providing the fair value of its investment property as defined by International Financial Reporting Standards ("IFRS") IAS 40, "Investment Property" as of March 31, 2009. As announced previously, the Company has agreed to provide this information to Gazit-Globe Ltd. ("Gazit"), its major indirect stockholder, in connection with Gazit's financial reports which are prepared in accordance with IFRS.

IFRS permits fair value accounting for investment property, which includes property held for sale. In addition, in accordance with IFRS, the value of straight-line rent receivable, deferred costs and intangible assets and liabilities related to income-producing property are not presented separately since they are included within the fair values of income-producing property.

In accordance with the amendments to IAS 40 which became effective January 1, 2009, investment property now includes, in addition to income-producing shopping centers, (a) property that is being constructed or developed for future use as investment property, (b) land held for long-term capital appreciation and (c) land held for undecided future use ((a) - (c) are collectively referred to herein as the "Newly Classified Investment Property"). Therefore, as of March 31, 2009, land, shopping centers under development, and assets classified as construction in progress, previously presented at historical cost under both US Generally Accepted Accounting Principles and IFRS, are now considered investment property, measured at fair value in accordance with IAS 40 and included in the total amount of investment property.

The Company recently completed an internal, first quarter valuation review to determine the fair value of its existing investment property. At the request and expense of Gazit, Equity One obtained independent appraisals from CB Richard Ellis ("CBRE") to determine the fair value of its Newly Classified Investment Property. Based upon the internal review and in conjunction with the appraisals performed by CBRE, Equity One has determined that, as of March 31, 2009, the fair value of its investment property was approximately $2,809,029,000.

The determination of these values required management and the independent appraisers to make significant estimates and assumptions, and the actual values achieved in the event of any property sales transactions may differ from the values incorporated into the fair value determination noted above.

The shopping center in our portfolio with the highest fair value is Sheridan Plaza located in Hollywood, Florida with a value as of March 31, 2009 of $115.8 million.

The information contained in this report on Form 8-K shall not be deemed "filed" with the Securities and Exchange Commission nor incorporated by reference in any registration statement filed by the Company under the Securities Act of 1933, as amended.

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