ROCKVILLE, Md., Sept. 15, 2011 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) today announced that Jeffrey Fischer has joined the Trust as senior leasing associate. Mr. Fischer will be based out of Federal Realty's northeast region office in Wynnewood, Pennsylvania and will focus his leasing efforts on the Trust's properties located in Philadelphia and New Jersey.
"The addition of Jeff further strengthens our fully-integrated northeast regional office, which currently operates nine million square feet of retail-oriented assets in Philadelphia, New Jersey, Baltimore, New York and Boston," said John Hendrickson, northeast region chief operating officer. "By enhancing our leasing team with Jeff's experience, we can improve the merchandising of our portfolio to further meet the needs of the consumers in the communities surrounding our already strong property locations, and create additional value for our shareholders."
Mr. Fischer brings a dozen years of leasing experience to the Trust both as a leasing agent and tenant representative. He most recently served as senior director of leasing for Pennsylvania Real Estate Investment Trust, where he was the primary leasing agent for multiple retail formats. Prior to Pennsylvania REIT, Jeff served as a senior leasing representative for Madison Marquette and as a senior leasing associate for The Arden Group, Inc. Mr. Fischer holds a Bachelor of Science from Pennsylvania State University and is a member of the International Council of Shopping Centers and Leadership Philadelphia. Jeff lives in Philadelphia with his wife Liza and their son.
About Federal Realty
Federal Realty Investment Trust is an equity real estate investment trust specializing in the ownership, management, development, and redevelopment of high quality retail assets. Federal Realty's portfolio (excluding joint venture properties) contains approximately 18.6 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 93.4% leased to national, regional, and local retailers as of June 30, 2011, 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 44 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.
SOURCE Federal Realty Investment Trust