Federal Realty Investment Trust
| Company type | Public company |
|---|---|
| Industry | Real estate investment trust |
| Founded | 1962 in Washington, D.C., United States |
| Founder | Samuel J. Gorlitz |
| Headquarters | Rockville , United States |
Area served | Northeastern United States, Mid-Atlantic states, California, South Florida |
| Products | Shopping centers ownership and management |
Federal Realty Investment Trust operates as a real estate investment trust primarily engaged in owning and managing shopping centers located in the Northeastern United States, Mid-Atlantic states, California, and South Florida.[1]
Investments
By December 31, 2021, Federal Realty held ownership interests in 104 shopping centers, encompassing a total of 25.1 million square feet.[1]
Significant properties within its portfolio include:[1]
History
Established in 1962 by Samuel J. Gorlitz in Washington, D.C., Federal Realty transitioned into a REIT incorporated in Maryland in 1999.[1] Gorlitz died in 2007.[2] Among notable acquisitions are an 85% interest in The Shops at Sunset Place purchased in 2015 for $110.2 million,[3] and a 60% stake in Grossmont Center located in La Mesa, California, acquired for $175 million in 2021.[4]
External links
- 1962 establishments in Washington, D.C.
- American companies established in 1962
- Companies based in Rockville, Maryland
- Companies in the S&P 500 Dividend Aristocrats
- Companies listed on the New York Stock Exchange
- Financial services companies established in 1962
- Real estate investment trusts of the United States