ROCKVILLE, Md., Nov. 14, 2016 /PRNewswire/ -- Federal Realty Investment Trust is pleased to announce the election of Elizabeth Holland to serve on its Board of Trustees beginning in February 2017. Liz will fill a newly added seat as approved by the Board of Trustees earlier this month.
Ms. Holland is the Chief Executive Officer of Abbell Credit Corporation and Abbell Associates, LLC ("Abbell"), a seventy-year-old private real estate acquisition, development and management company with a portfolio of shopping center, office, and enclosed mall properties and is currently serving as Chairman of the Board of Trustees for the International Council of Shopping Centers. Prior to joining Abbell, Ms. Holland was a Senior Staff Attorney with the National Bankruptcy Review Commission and, prior to that time, was a restructuring and business reorganization attorney with the law firm of Skadden, Arps, Slate, Meagher & Flom in New York. Ms. Holland was also a fixed income portfolio manager at Brown, Brothers Harriman & Co. in New York prior to becoming an attorney. Ms. Holland is also a member of the Urban Land Institute and its CRC Blue Council.
"We're thrilled to have Liz join our Board" said Joseph S. Vassalluzzo, Chairman of the Board of Trustees of Federal Realty Investment Trust. "We went through a very deliberate process to identify someone who not only has a skill set that is complementary of the skills of our other Board members but also someone who will bring new ideas and perspectives to the Board. We look forward to having Liz join the Board starting with our February 2017 meeting."
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 96 properties include over 2,800 tenants, in approximately 22 million square feet, and over 1,800 residential units.
Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 49 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.