Federal Realty Investment Trust


Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.

Investments

As of December 31, 2021, the company owned interests in 104 shopping centers containing 25.1 million square feet.
Notable properties owned by the company include:
Property NameLocation
Santana RowSan Jose, California
Westgate CenterSan Jose, California
The Shops at Sunset PlaceSouth Miami, Florida
The Grove at ShrewsburyShrewsbury, New Jersey
Assembly SquareSomerville, Massachusetts
Third Street PromenadeSanta Monica, California
Grossmont CenterLa Mesa, California
Pike & RoseNorth Bethesda, Maryland
CocoWalkMiami, Florida
The Village at ShirlingtonArlington, Virginia

History

In 1962, the company was founded by Samuel J. Gorlitz in Washington, D.C. In 1999, the company was reorganized as a real estate investment trust in Maryland. In 2007, founder Samuel J. Gorlitz died. In 2015, the company acquired an 85% interest in The Shops at Sunset Place based on a property valuation of $110.2 million. In 2021, the company acquired a 60% ownership stake in Grossmont Center in La Mesa, California worth $175 million.