ROCKVILLE, Md., Dec. 2, 2015 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) is pleased to announce the addition of Ramsey D. Meiser to the newly created position of Senior Vice President, Mixed-Use Development reporting to Executive Vice President, Development Donald Briggs. He will be based in the Trust's Headquarters in Rockville, MD and join the firm January 5, 2016. Mr. Meiser comes to Federal from Forest City Enterprises, where he has spent much of the past decade stewarding The Yards, Forest City's much heralded and expansive 6 million square foot mixed use development near Nationals Park in Washington D.C. as its Senior Vice President of Development. Prior to his time at Forest City, Mr. Meiser spent nearly 16 years at the Mills Corporation, where he worked in various development capacities on over 5 million square feet of development. Mr. Meiser holds a Bachelor's degree in Accounting from Virginia Tech.
In his new role, Mr. Meiser will be responsible for management of Federal's multi-billion dollar mixed-use development pipeline in the Mid-Atlantic region from concept thru execution. His initial focus will be on the overall stewardship and execution of Pike & Rose, Federal's newest neighborhood under creation in North Bethesda, Md as well as strategy and planning for the next set of opportunities in the region. "The development division of Federal Realty is an important part of our overall growth strategy, and staffing this part of our company with experienced and proven executives like Ramsey is critical to our success," said Don Briggs, Executive Vice President, Development. "I couldn't be more excited to have attracted such an experienced, well respected mixed-use development executive to our team," Mr. Briggs concluded.
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 million square feet, and over 1500 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. For additional information about Federal Realty and its properties, visit www.FederalRealty.com.
SOURCE Federal Realty Investment Trust