ROCKVILLE, Md., April 12, 2016 /PRNewswire/ -- Federal Realty
Investment Trust (NYSE: FRT) announced today that Chief Financial
Officer, James M. Taylor, will be
stepping down from his role effective May
19, 2016, in order to assume the position of Chief Executive
Officer and President of Brixmor Property Group, Inc. in
New York. Mr. Taylor has served as
Federal Realty's Chief Financial Officer since 2012.
"I'm saddened for Federal but happy for the CEO opportunity
afforded Jim," said Don Wood,
President & CEO." Jim Taylor has
been both a trusted friend and advisor to both me and the entire
Federal Realty management team and we'll miss his wise counsel and
leadership. The value that Jim has brought to our organization over
these past four years has been immeasurable" Wood continued.
The Trust has engaged Grant
Morgan & Associates of Bethesda, Md. to conduct the search for Mr.
Taylor's replacement which will begin immediately.
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
90 properties include over 2,700 tenants, in approximately 21.4
million square feet, and over 1,700 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.
Investor
Inquiries
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Media
Inquiries
|
|
|
Leah
Andress
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Andrea
Simpson
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Investor
Relations
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Director,
Marketing
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301/998-8265
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617/684-1511
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landress@federalrealty.com
|
asimpson@federalrealty.com
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SOURCE Federal Realty Investment Trust