Edward Senenman to Lead Federal Realty Investment Trust's Northeast Region Acquisitions
02 December 2009 - 7:15AM
PR Newswire (US)
ROCKVILLE, Md., Dec. 1 /PRNewswire-FirstCall/ -- Federal Realty
Investment Trust (NYSE:FRT) today announced that Edward Senenman
has joined the Trust to source investment opportunities in the
Northeast Region. Mr. Senenman will be based in Manhattan and be
responsible for acquiring high-quality retail properties that meet
Federal Realty's investment criteria in the Trust's Northeast
region, which extends from Boston to Philadelphia. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050907/DCW070LOGO ) "Ed's
significant experience, existing relationships, and market
knowledge in metropolitan New York and the entire Northeast enhance
our ability to pursue high-quality investments in this region,"
said Jeff Berkes, executive vice president - chief investment
officer for Federal Realty. "With significant capital available to
invest, we're excited to welcome Ed to Federal Realty's
acquisitions team." Prior to joining the Trust, Mr. Senenman served
as vice president of acquisitions for Kimco Realty Corporation
where he was involved in the acquisition of shopping centers
totaling several billion dollars. Mr. Senenman received both an MBA
in Finance and BBA in Accounting from Hofstra University and has
more than 20 years of experience in all facets of retail property
acquisitions, property valuations, asset management, and
development. Federal Realty's investment strategy focuses on
acquiring properties that provide evidence of strong re-leasing
and/or redevelopment potential. The Trust seeks to acquire
high-quality retail assets in affluent and densely populated areas
with significant barriers to entry in its core markets along the
East and West Coasts. For more information and to review Federal
Realty's acquisition criteria, please visit
http://www.federalrealty.com/acquisitions. About Federal Realty
Federal Realty Investment Trust is an equity real estate investment
trust specializing in the ownership, management and redevelopment
of high quality retail assets. Federal Realty's portfolio
(excluding joint venture properties) contains approximately 18.2
million square feet located primarily in strategically selected
metropolitan markets in the Northeast, Mid-Atlantic, and
California. In addition, the Trust has an ownership interest in
approximately 1.0 million square feet of retail space through a
joint venture in which the Trust has a 30% interest. Our operating
portfolio (excluding joint venture properties) was 94.2% leased to
national, regional, and local retailers as of September 30, 2009,
with no single tenant accounting for more than approximately 2.6%
of annualized base rent. Federal Realty has paid quarterly
dividends to its shareholders continuously since its founding in
1962, and has increased its dividend rate for 42 consecutive years,
the longest record in the REIT industry. Federal Realty is an
S&P MidCap 400 company and its shares are traded on the NYSE
under the symbol FRT. Investor and Media Inquiries Janelle
Stevenson Gina Birdsall Corporate Communications Manager Investor
Relations Manager 301/998-8185 301/998-8265
http://www.newscom.com/cgi-bin/prnh/20050907/DCW070LOGO
http://photoarchive.ap.org/
http://www.federalrealty.com/acquisitionsDATASOURCE: Federal Realty
Investment Trust CONTACT: Janelle Stevenson, Corporate
Communications Manager, +1-301-998-8185, ; Gina Birdsall, Investor
Relations Manager, +1-301-998-8265,
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