Brixmor Property Group Inc. (NYSE: BRX) announced the death of former Chief Executive Officer James M. Taylor Jr., according to a company statement.

Taylor served as CEO of the real estate investment trust from 2016 until his retirement in December 2025. During his tenure, he led the company through what Brixmor described as a period of transformation and strategic repositioning.

"Jim was an exceptional leader who left a lasting impact on Brixmor and our industry," said Brian T. Finnegan, current Chief Executive Officer and President. "Even after his retirement, Jim remained one of Brixmor's strongest supporters, always invested in the Company's success."

Sheryl M. Crosland, Chair of the Board, noted she had known Taylor for 30 years in the industry. "Having known Jim for 30 years in the industry, I have always admired his gift for making people feel valued, bringing warmth, humor, and authenticity to every relationship," Crosland said.

Under Taylor's leadership, Brixmor developed into what the company calls a premier owner and operator of open-air retail centers. The company currently owns 344 retail centers comprising approximately 62 million square feet of retail space.

Taylor is survived by his wife Alice and daughters Gracie and Mary Lyle, according to the statement.

Brixmor Property Group is a real estate investment trust that owns and operates open-air shopping centers across the United States. The company's tenants include The TJX Companies, The Kroger Co., Publix Super Markets and Ross Stores.