Federal Realty Investment Trust President and CEO Donald C. Wood to present at the Citi 2018 Global Property CEO Conference

ROCKVILLE, Md., 2018-Mar-02 — /EPR Retail News/ — Federal Realty Investment Trust (NYSE: FRT) announced today (Feb. 27, 2018) that Donald C. Wood, President and Chief Executive Officer, will present at the Citi 2018 Global Property CEO Conference in Hollywood, Florida on Monday, March 5, 2018 from 7:30 AM ET to 8:05 AM ET.

Event: Federal Realty Investment Trust Presentation at Citi 2018 Global Property CEO Conference

When: 7:30 AM ET, Monday, March 5, 2018

Live Webcast: FRT Citi Global Property CEO Presentation or under the Investors tab at www.federalrealty.com

A replay of the webcast will be available on Federal Realty’s website at www.federalrealty.com through June 3, 2018.

About Federal Realty

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Our expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty’s 104 properties include approximately 3,000 tenants, in approximately 24 million square feet, and over 2,300 residential units.

Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 50 consecutive years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.FederalRealty.com.

Investor Inquires:
Leah Andress
Investor Relations Associate
301.998.8265
landress@federalrealty.com

Media Inquiries:
Andrea Simpson
Vice President, Marketing
617.684.1511
asimpson@federalrealty.com

SOURCE: Federal Realty Investment Trust

UNIQLO to open its first Maryland location at Pike & Rose in Montgomery County

Pike & Rose Continues to Build Momentum as International Apparel Merchant Joins Growing List of Retail, Restaurant, Residential, Hotel and Office Tenants

ROCKVILLE, Md., 2018-Feb-13 — /EPR Retail News/ — Federal Realty Investment Trust (NYSE: FRT) announced today (Feb. 7, 2018) that global retailer UNIQLO will open its first Maryland location and third in the Washington D.C. metro area at Pike & Rose, a 24-acre mixed-use development in Montgomery County. Expected to open in the fall of 2018, the new 11,000-square-foot store will offer LifeWear for men, women and kids.

“The latest store announcements and openings at Pike & Rose represent a continued positive trend for Federal Realty. Whether searching for the best location to be first to market, as it was for Chicago-based Stella Barra Pizzeria, or to expand their footprint in the D.C. metro region, as Scout & Molly’s Boutique did this week, they are choosing Pike & Rose,” said Chris Weilminster, President of Mixed Use at Federal Realty. “As Pike & Rose continues to reshape North Bethesda with a focus on the future, it has established a track record of attracting best-in-class domestic and international interest by offering options not found in other areas of the Greater Washington region.”

Other notable highlights from the neighborhood include:

  • Canopy by Hilton to open 3rd location in the world in late February 2018
  • 930 Rose Condominiums located above Canopy with hotel amenity offerings, 50% under contract
  • State-of-the-art Porsche Dealership
  • Conversion of 17,000-square-foot rooftop into The Farm at Pike & Rose

“With the addition of UNIQLO, over 60% of the project’s retail GLA now comes from iconic domestic and international brand category leaders, cementing Pike & Rose as a beacon for retailers both internationally known and locally loved,” said Stuart Biel, Federal Realty’s Vice President, Leasing. “The complement of an unparalleled mix of amenities within an authentic neighborhood environment means retailers and restaurateurs searching for their next location are finding it at Pike & Rose.”

In 2018 Pike & Rose will welcome:

  • 930 Rose – Condominiums
  • Baked Bear – Ice Cream Sandwich Shop
  • BlueMercury – Retailer
  • Canopy by Hilton — Hotel
  • Jinya Ramen Bar – Restaurant
  • Julii – Restaurant
  • Nada – Restaurant
  • Nando’s Peri Peri – Restaurant
  • The Red Door Salon & Spa by Elizabeth Arden – Spa
  • Scout & Molly’s Boutique – Retailer
  • Taylor Gourmet – Restaurant
  • Uniqlo — Retailer
  • Up Top Acres/The Farm at Pike & Rose – Rooftop Farm

About Pike & Rose, a Federal Realty neighborhood

Since its opening in 2014, the transit-oriented development has grown to 391,000 square feet, including over 40 tenants of thoughtfully merchandized retail space. The selection of restaurants (including Summer House Santa Monica, Del Frisco’s Grille, &pizza and Taylor Gourmet), retailers (including REI, Sephora, H&M, L.L.Bean and Sur La Table), a state-of-the-art Porsche dealership, and unique entertainment offerings (iPic Theaters, Pinstripes and AMP by Strathmore) have created a one-of-a-kind retail environment. The neighborhood is fully enhanced by the offerings of 99 luxury condominiums and penthouses uniquely positioned above Canopy by Hilton, a 177-key boutique hotel; 80,000 square feet of fully leased best-in-class office space; 765 luxury apartments; and a 17,000-square-foot rooftop farm. The project represents a total investment of approximately $500 million with additional potential for development, and is part of the Federal Realty Row properties, which include Santana Row, located in San Jose, California, and Assembly Row, located in Somerville, Massachusetts. For additional information about Pike & Rose, visit www.pikeandrose.com.

About Federal Realty

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets. Founded in 1962, our mission is to deliver long-term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Federal Realty’s 104 properties include over 2,900 tenants, in approximately 24 million square feet, and over 2,000 residential units. Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 50 consecutive years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.FederalRealty.com.

Investor Inquires:
Leah Andress
Investor Relations Associate
301.998.8265
landress@federalrealty.com

Media Inquiries:
Andrea Simpson
Vice President, Marketing
617.684.1511
asimpson@federalrealty.com

SOURCE: Federal Realty Investment Trust

Federal Realty Investment Trust honored with the inaugural Best Sustainability Program award from NAIOP DC | MD Chapter

The Trust receives Award of Merit for Best Sustainable Program from NAIOP DC | MD Chapter

ROCKVILLE, Md., 2017-Oct-17 — /EPR Retail News/ — Federal Realty Investment Trust (NYSE: FRT), a national leader in the retail real estate industry, received the inaugural Best Sustainability Program award from the NAIOP DC | MD Chapter.  The award is given to an organization that “demonstrates a strong commitment to sustainable business practices and solutions that contribute to environmental responsibility and economic success.”

“Combining environmental responsibility with economic success is a key principle that permeates the way we operate and develop real estate at Federal Realty,” said Chris Brown, Director of Sustainability of Federal Realty. “We’re humbled to be acknowledged by NAIOP for those efforts and look forward to identifying new opportunities for environmental leadership.”

Some of the components of Federal Realty’s sustainability program for which it was recognized include:

  • Investment of over $50 million in rooftop solar photovoltaic systems at almost one-third of Federal Realty’s properties with the capacity to generate more than 18 megawatts of energy.
  • 19 USGBC LEED New Construction projects, 1 LEED Neighborhood Development (under review) and 3 Cal Green certifications.
  • Implementation of technology and management best practices to reduce water and electricity consumption throughout our portfolio.
  • Introduction of the first rooftop farm in Maryland at Bethesda Row and a new 24,000 square foot farm underway at Pike & Rose.

About Federal Realty
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Our expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty’s 104 properties include over 2,800 tenants, in over 24 million square feet, and over 1,800 residential units.

Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 50 consecutive years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.FederalRealty.com.

Investor Inquires:
Leah Andress
Investor Relations Associate
301.998.8265
landress@federalrealty.com

Media Inquiries:
Andrea Simpson
Vice President, Marketing
617.684.1511
asimpson@federalrealty.com

SOURCE: Federal Realty Investment Trust

Federal Realty Investment Trust elects Elizabeth Holland to its Board of Trustees from February 2017

ROCKVILLE, Md., 2016-Nov-17 — /EPR Retail News/ — Federal Realty Investment Trust is pleased to announce the election of Elizabeth Holland to serve on its Board of Trustees beginning in February 2017. Liz will fill a newly added seat as approved by the Board of Trustees earlier this month.

Ms. Holland is the Chief Executive Officer of Abbell Credit Corporation and Abbell Associates, LLC(“Abbell”), a seventy-year-old private real estate acquisition, development and management company with a portfolio of shopping center, office, and enclosed mall properties and is currently serving as Chairman of the Board of Trustees for the International Council of Shopping Centers. Prior to joining Abbell, Ms. Holland was a Senior Staff Attorney with the National Bankruptcy Review Commission and, prior to that time, was a restructuring and business reorganization attorney with the law firm of Skadden, Arps, Slate, Meagher & Flom in New York. Ms. Holland was also a fixed income portfolio manager at Brown, Brothers Harriman & Co. in New York prior to becoming an attorney. Ms. Holland is also a member of the Urban Land Institute and its CRC Blue Council.

“We’re thrilled to have Liz join our Board” said Joseph S. Vassalluzzo, Chairman of the Board of Trustees of Federal Realty Investment Trust. “We went through a very deliberate process to identify someone who not only has a skill set that is complementary of the skills of our other Board members but also someone who will bring new ideas and perspectives to the Board.  We look forward to having Liz join the Board starting with our February 2017 meeting.”

About Federal Realty
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Bostonas well as San Francisco and Los Angeles. Founded in 1962, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Our expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Rowin Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty’s 96 properties include over 2,800 tenants, in approximately 22 million square feet, and over 1,800 residential units.

Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 49 consecutive years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.FederalRealty.com.

Investor Inquiries:
Leah Andress
Investor Relations Associate
301/998-8265
landress@federalrealty.com

Media Inquiries:
Andrea Simpson
Vice President, Marketing
617/684-1511
asimpson@federalrealty.com

SOURCE Federal Realty Investment Trust

Dan Guglielmone appointed Executive VP, CFO & Treasurer at Federal Realty Investment Trust

ROCKVILLE, Md., 2016-Jul-15 — /EPR Retail News/ — Federal Realty Investment Trust is pleased to announce the appointment of Dan Guglielmone to the position of Executive Vice President, Chief Financial Officer & Treasurer, effective August 15, 2016. In this role, Mr. Guglielmone will be a member of the Firm’s Executive and Investment Committees and will be responsible for all capital markets activity along with east coast acquisitions. In addition, he will be responsible for the oversight of the accounting, financial reporting and investor relations functions. Dan will be based at Federal’s Headquarters in Rockville, Md.

Mr. Guglielmone comes from real estate powerhouse Vornado Realty Trust where he has served since 2003 as its Senior Vice President, Acquisitions and Capital Markets. Prior to his time at Vornado, Dan spent 10 years in Investment Banking in the Real Estate and Lodging Group at Salomon Smith Barney/Citigroup in New York. Mr. Guglielmone holds a Bachelors in Applied Economics from Cornell University and a Masters in Management with a Concentration in Finance from the Kellogg School at Northwestern University. He is an active member of the Real Estate Board of New York (REBNY) as well as the International Council of Shopping Centers (ICSC) and was a member of the Toys “R” Us Board from 2013 through 2015.

“I couldn’t be more pleased that we were able to attract such a well-respected 25 year commercial real estate veteran to our senior ranks” said Donald C. Wood, Federal Realty’s President and Chief Executive Officer. “Dan’s breadth of experience from both investment banking at a top tier firm and one of the largest and most respected commercial real estate firms in the country, will complement both our existing team and the growing needs and expectations of our fast expanding platform over the next decade and beyond.”

About Federal Realty

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Bostonas well as San Francisco and Los Angeles. Founded in 1962, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Our expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Rowin Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities.Federal Realty’s 96 properties include over 2,800 tenants, in approximately 22 million square feet, and over 1,800 residential units.

Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 48 consecutive years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.FederalRealty.com.

Investor Inquiries:

Leah Andress
Investor Relations Associate
301/998-8265
landress@federalrealty.com

Media Inquiries:

Andrea Simpson
Vice President, Marketing
617/684-1511
asimpson@federalrealty.com

SOURCE: Federal Realty Investment Trust

 

Federal Realty Investment Trust closed its public offering of $250 million aggregate principal amount of 3.625% senior unsecured notes

ROCKVILLE, Md., 2016-Jul-15 — /EPR Retail News/ — Federal Realty Investment Trust (NYSE:FRT) today announced the closing of its public offering of $250 million aggregate principal amount of 3.625% senior unsecured notes due August 1, 2046. The notes were offered at 97.756% of the principal amount with a yield to maturity of 3.750%. Interest on the notes will be payable on February 1 and August 1 of each year, beginning February 1, 2017.

Federal Realty intends to use the net proceeds from this offering to pay down the outstanding balance under its revolving credit facility and for general corporate purposes.

“While we did not anticipate accessing the long term unsecured debt markets until late in 2016 or early 2017, the recent unprecedented strength in the U.S. Treasury market and the attractiveness of our credit caused us to opportunistically issue this very long term capital, on highly compelling financial terms, at this time,” said Donald C. Wood, Federal Realty’s President and Chief Executive Officer. “Although this transaction will be modestly dilutive to our earnings for the balance of 2016 (as we had been using our line of credit for operational funding purposes), the 2016 and 2017 spending requirements of our growing real estate platform will now be appropriately funded for the long term.”

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About Federal Realty
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Bostonas well as San Francisco and Los Angeles. Founded in 1962, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Our expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Rowin Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities.Federal Realty’s 96 properties include over 2,800 tenants, in approximately 22 million square feet, and over 1,800 residential units.

Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 48 consecutive years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT.

Safe Harbor Language
Certain matters discussed within this press release may be deemed to be forward-looking statements within the meaning of the federal securities laws. Although Federal Realty believes the expectations reflected in the forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. These factors include, but are not limited to, the risk factors described in our Annual Report on Form 10-K filed on February 9, 2016, and include the following:

  • risks that our tenants will not pay rent, may vacate early or may file for bankruptcy or that we may be unable to renew leases or re-let space at favorable rents as leases expire;
  • risks that we may not be able to proceed with or obtain necessary approvals for any redevelopment or renovation project, and that completion of anticipated or ongoing property redevelopments or renovation projects that we do pursue may cost more, take more time to complete, or fail to perform as expected;
  • risks that we are investing a significant amount in ground-up development projects that may be dependent on third parties to deliver critical aspects of certain projects, requires spending a substantial amount upfront in infrastructure, and assumes receipt of public funding which has been committed but not entirely funded;
  • risks normally associated with the real estate industry, including risks that occupancy levels at our properties and the amount of rent that we receive from our properties may be lower than expected, that new acquisitions may fail to perform as expected, that competition for acquisitions could result in increased prices for acquisitions, that costs associated with the periodic maintenance and repair or renovation of space, insurance and other operations may increase, that environmental issues may develop at our properties and result in unanticipated costs, and, because real estate is illiquid, that we may not be able to sell properties when appropriate;
  • risks that our growth will be limited if we cannot obtain additional capital;
  • risks associated with general economic conditions, including local economic conditions in our geographic markets;
  • risks of financing, such as our ability to consummate additional financings or obtain replacement financing on terms which are acceptable to us, our ability to meet existing financial covenants and the limitations imposed on our operations by those covenants, and the possibility of increases in interest rates that would result in increased interest expense; and
  • risks related to our status as a real estate investment trust, commonly referred to as a REIT, for federal income tax purposes, such as the existence of complex tax regulations relating to our status as a REIT, the effect of future changes in REIT requirements as a result of new legislation, and the adverse consequences of the failure to qualify as a REIT.

Given these uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements that we make, including those in this press release. Except as may be required by law, we make no promise to update any of the forward-looking statements as a result of new information, future events or otherwise. You should carefully review the risks and risk factors included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 9, 2016.

Investor Inquiries:

Leah Andress
Investor Relations Associate
301/998-8265
landress@federalrealty.com

Media Inquiries:

Andrea Simpson
Vice President, Marketing
617/684-1511
asimpson@federalrealty.com

SOURCE: Federal Realty Investment Trust

 

Federal income tax treatment for 2015 distributions to holders of Federal Realty Investment Trust’s Common Shares of Beneficial Interest

ROCKVILLE, Md., 2016-Jan-25 — /EPR Retail News/ – Federal Realty Investment Trust (NYSE:FRT) released today the Federal income tax treatment for 2015 distributions to holders of its Common Shares of Beneficial Interest (NYSE: FRT).

The characterization of distributions on our common shares traded under the ticker symbol FRT is as follows:

Distribution Type
CUSIP Record Date Payable Date Distr. Per Share Taxable Ordinary Dividend Qualified Dividend Capital Gains Nontaxable Distr.
313747206 1/2/2015 1/15/2015 $0.87 $0.8613 $0.0 $0.0087 $0.0
3/20/2015 4/15/2015 $0.87 $0.8613 $0.0 $0.0087 $0.0
6/22/2015 7/15/2015 $0.87 $0.8613 $0.0 $0.0087 $0.0
9/22/2015 10/15/2015 $0.94 $0.9306 $0.0 $0.0094 $0.0
2015 Totals $3.55 $3.5145 $0.0 $0.0355 $0.0

The company did not incur any foreign taxes.  Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Federal Realty distributions.  Should you need any additional information, contact Brenda Pomar, Investor Relations, at 301-998-8316.

About Federal Realty:
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Our expertise includes creating urban, mixed-use neighborhoods likeSantana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Rowin Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty’s 90 properties include over 2,700 tenants, in approximately 21 million square feet, and over 1500 residential units.

Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 48 consecutive years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT.  For additional information about Federal Realty and its properties, visit www.FederalRealty.com.

Investor Inquiries Media Inquiries
Brenda Pomar Andrea Simpson
Investor Relations Director, Marketing
301/998-8316 617/684-1511
bpomar@federalrealty.com asimpson@federalrealty.com

 

SOURCE Federal Realty Investment Trust

Federal Realty Investment Trust to release fourth quarter and year-end 2015 earnings on February 9, 2016

ROCKVILLE, Md., 2016-1-11 — /EPR Retail News/ — Federal Realty Investment Trust (NYSE: FRT) will announce fourth quarter and year-end 2015 earnings in a press release to be issued after market close on Tuesday, February 9, 2016.

The conference call for fourth quarter and year-end earnings will take place on Wednesday, February 10, 2016, at 11:00 a.m. Eastern Standard Time (EST).  Conference call access information is as follows:

Toll Free Number: (877) 445-3230
Pass Code: 20889236

A telephonic replay of the conference call will be available beginning at 2:00 p.m. EST onWednesday, February 10, 2016, through Wednesday, February 17, 2016.  Replay access information is as follows:

Toll Free Number: (855) 859-2056
Pass Code: 20889236

A live on-demand webcast of the conference call will be available on Federal Realty’s web site at www.federalrealty.com.  Please check the company’s web site prior to the call for any materials that may be used during the conference call.  An online playback of the webcast will be available at www.federalrealty.com for 30 days following the conference call.

About Federal Realty:
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Bostonas well as San Francisco and Los Angeles. Founded in 1962, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Our expertise includes creating urban, mixed-use neighborhoods likeSantana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Rowin Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities.Federal Realty’s 90 properties include over 2,700 tenants, in approximately 21 million square feet, and over 1500 residential units.

Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 48 consecutive years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT.  For additional information about Federal Realty and its properties, visit www.FederalRealty.com.

Investor Inquiries  Media Inquiries
Brenda Pomar Andrea Simpson
Investor Relations Director, Marketing
301/998-8316 617/684-1511
bpomar@federalrealty.com  asimpson@federalrealty.com
 

SOURCE Federal Realty Investment Trust

Ramsey D. Meiser appointed to the newly created position of Senior VP Mixed-Use Development at Federal Realty Investment Trust

ROCKVILLE, Md., 2015-12-7 — /EPR Retail News/ — Federal Realty Investment Trust (NYSE: FRT) is pleased to announce the addition of Ramsey D. Meiser to the newly created position of Senior Vice President, Mixed-Use Development reporting to Executive Vice President, Development Donald Briggs. He will be based in the Trust’s Headquarters in Rockville, MD and join the firm January 5, 2016. Mr. Meiser comes to Federal from Forest City Enterprises, where he has spent much of the past decade stewarding The Yards, Forest City’s much heralded and expansive 6 million square foot mixed use development near Nationals Park in Washington D.C. as its Senior Vice President of Development. Prior to his time at Forest City, Mr. Meiser spent nearly 16 years at the Mills Corporation, where he worked in various development capacities on over 5 million square feet of development. Mr. Meiser holds a Bachelor’s degree in Accounting from Virginia Tech.

In his new role, Mr. Meiser will be responsible for management of Federal’s multi-billion dollar mixed-use development pipeline in the Mid-Atlantic region from concept thru execution. His initial focus will be on the overall stewardship and execution of Pike & Rose, Federal’s newest neighborhood under creation in North Bethesda, Md as well as strategy and planning for the next set of opportunities in the region. “The development division of Federal Realty is an important part of our overall growth strategy, and staffing this part of our company with experienced and proven executives like Ramsey is critical to our success,” said Don Briggs, Executive Vice President, Development. “I couldn’t be more excited to have attracted such an experienced, well respected mixed-use development executive to our team,” Mr. Briggs concluded.

About Federal Realty
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Bostonas well as San Francisco and Los Angeles. Founded in 1962, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Our expertise includes creating urban, mixed-use neighborhoods likeSantana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Rowin Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty’s 90 properties include over 2,700 tenants, in approximately 21 million square feet, and over 1500 residential units.

Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 48 consecutive years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.FederalRealty.com.

Investor Inquiries Media Inquiries
Brittany Schmelz Andrea Simpson
Investor Relations Director, Marketing
301/998-8265 617/684-1511
bschmelz@federalrealty.com asimpson@federalrealty.com

SOURCE Federal Realty Investment Trust

Federal Realty Investment Trust acquires 85% interest in The Shops at Sunset Place mixed-use center in South Miami, Florida

Federal Realty expands presence in key Miami Dade submarkets

ROCKVILLE, Md., 2015-10-3 — /EPR Retail News/ — Federal Realty Investment Trust (NYSE: FRT) today announced its acquisition of an 85% interest in The Shops at Sunset Place, a 515,000-square-foot, mixed-use center in South Miami, Florida based on a gross value of $110.2 million. The transaction includes the assumption of an existing $70.8 million mortgage with an interest rate of 5.6 percent and maturity date of September 2020. The Trust has acquired the property with local market partners Grass River Property and The Comras Company.   With its recent acquisition of CocoWalk in nearby Coconut Grove, the Trust and its partners have invested approximately $200 million within a three mile area that is home to some of South Florida’s strongest year-round demographics, high barriers to entry, and demand drivers including universities, hospitals and corporate headquarters.

Situated on approximately ten acres at the intersection of US1, Red Road and Sunset, The Shops atSunset Place lies at ‘main and main’ within the thriving South Miami commercial district. The neighborhood sits amongst some of Florida’s most affluent residential areas including Coral Gables, Pinecrest, and Coconut Grove. Approximately 100,000 people reside within three miles of the property, with an average household income of $120,000.

“As Miami becomes an increasingly urban and dense market, walkable, authentic neighborhoods like Coconut Grove and South Miami are becoming increasingly attractive destinations to live, work, shop, dine and be entertained,” said Dawn Becker, Executive Vice President –Mixed Use Division,Federal Realty Investment Trust. “Like Cocowalk, Sunset Place presents a compelling opportunity to create value through integrating it with the vibrant streets that border the property, adding new tenants and delivering a mix of uses that meet the demand of the affluent, year round communities it serves.”

The Shops at Sunset Place comprises 408,000 square feet of retail space, 107,000 square feet of office space and a 1,700-space parking garage. Tenants include AMC Theatres, LA Fitness, Barnes & Noble, Forever 21, Splitsville and Z-Gallerie.   The Shops at Sunset Place benefits from close proximity to the University of Miami’s main campus, South Miami Hospital, some of Miami’s most prestigious private schools, and a number of corporate offices. The South Miami Metrorail station is one block away, providing direct access to public transit. The property enjoys a 96% walk score according to www.walkscore.com.

“The Shops at Sunset Place was always envisioned to provide a pedestrian friendly, streetscape environment, as an extension of South Miami’s “Main Street” Sunset Drive,” said Michael Comras, CEO of the Comras Company. “With the right vision, balanced approach and creative thinking, The Shops will complement the area’s popular restaurants, cafes and boutiques, while becoming a vital retail anchor that caters to the locals and surrounding communities. We are looking forward to working closely with all to improve and evolve this vision together.”

“Looking at the demand drivers in place and the demographics in the surrounding residential community, it’s easy to understand why we see tremendous unlocked potential in The Shops atSunset Place,” Tom Roth, Principal at Grass River Property added. “South Miami is one of the best urban nodes in Miami-Dade County – it is walkable, with transit at its doorstep and has a well balanced mix of commercial and residential uses. Knowing this, it will be central to our plan to better integrate with South Miami’s street grid, connect back to the community and improve the Sunset experience for those that want to shop, live, visit or work there.”

Local Media Inquiries
Tadd Schwartz
Schwartz Media
(305) 807-3612
tadd@schwartz-media.com

Aaron Gordon
Schwartz Media
(305) 962-3292
aaron@schwartz-media.com

About Federal Realty
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Bostonas well as San Francisco and Los Angeles.  Founded in 1962, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.  Our expertise includes creating urban, mixed-use neighborhoods likeSantana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Rowin Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty’s 90 properties include over 2,600 tenants, in approximately 21 million square feet, and 1500 residential units.

Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 48 consecutive years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.FederalRealty.com.

About The Comras Company
Comras Company of Florida, Inc. is a leading retail leasing, investment and development company. The firm specializes in urban markets and provides services that include landlord and tenant representation, strategic planning, site identification, market analysis, lease negotiation, portfolio review, site acquisition and disposition. The Company was founded by Michael Comras in 1992 and has since grown to sixteen employees with seven brokers dedicated to retail leasing and sales. In addition to brokerage services, Mr. Comras has developed and owns a portfolio of street oriented retail assets in Miami’s top markets. A sampling of these assets include flagship locations for Apple, Gap, Nike, Forever 21, BCBG, Sephora, and 24 Hour Fitness in locations along Miami Beach’s historic Lincoln Road, Collins Avenue’s “Fashion District”, Coconut Grove, Wynwood, andMiami’s Design District, www.ComrasCompany.com.

About Grass River Property
Grass River Property is a Coconut Grove, Florida-based real estate investment and development firm with investments across various asset classes, including residential, hotel, retail and office. Since inception, the firm has targeted investments in urban properties served by existing transportation infrastructure for high value-add residential as well as commercial and mixed-use developments stressing walkability, transit access and sustainability in increasingly dense urban settings. Grass River’s principals, Justin Kennedy, Tobin Cobb, George Spillis, Peter LaPointe,Chris Cobb and Tom Roth have decades of experience working with some of the nation’s largest real estate and financial firms, including LNR Property, Flagler, Hines, Bayview Financial, Deutsche Bank and Goldman Sachs. Learn more at www.GrassRiverProperty.com.

Investor Inquiries Media Inquiries
Brittany Schmelz Andrea Simpson
Investor Relations Director, Marketing
301/998-8265 617/684-1511
bschmelz@federalrealty.com  asimpson@federalrealty.com

SOURCE Federal Realty Investment Trust