FRT Description — Federal Realty Investment Trust (MD)
Federal Realty Investment Trust is an equity real estate investment trust. Co. is engaged in the ownership, management, and redevelopment of retail and mixed-use properties located primarily in certain metropolitan markets in the Northeast and Mid-Atlantic regions of the U.S., as well as in California. As of Dec 31 2012, Co. owned or had a majority interest in community and neighborhood shopping centers and mixed-use properties, which are operated as 88 retail real estate projects comprising approximately 19.6 million square feet. A joint venture in which Co. owns a 30% interest owned seven retail real estate projects totaling approximately 1.0 million square feet as of Dec 31 2012.
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