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It's a safe bet that Federal Realty Investment Trust makes a federal case of shopping centers. The real estate investment trust (REIT) owns or has majority interest in some 80 retail properties including community and neighborhood shopping centers and mixed-use complexes totaling more than 18 million sq. ft. The company's key markets are densely populated, affluent areas in the Mid-Atlantic and Northeast, but it also has properties in California and Texas. Tenants include Bed Bath & Beyond, Kohl's, and Whole Foods. Rather than acquiring other real estate firms, the REIT tends to grow by acquiring and renovating existing, primarily grocery-anchored shopping centers.
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Address: |
1626 E. Jefferson St. Rockville, MD 20852-4041
| | Phone: | 301-998-8100 | | Fax: | 301-998-3700 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 520.50 M | | Revenue Growth (1 yr): | 7.10% | | Employees (2008): | 409 | | Employee Growth (1 yr): | 163.90% |
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Key People
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Chairman:
Joseph S. (Joe) Vassalluzzo
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President, CEO, and Director:
Donald C. (Don) Wood
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SVP, CFO, and Treasurer:
Andrew P. Blocher
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