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Federal Realty Investment Trust to Complete Holding Company Reorg
North Bethesda, MD-based Federal Realty Investment Trust intends to complete a holding company reorganization that would structure the company as an Umbrella Partnership Real Estate Investment Trust. The new holding company would become the publicly traded parent company while the current real estate investment trust would convert to a limited partnership controlled by the holding company.
The holding company reorganization is expected to be effective as of January 1, 2022, and the conversion of the existing Federal Realty to a limited partnership is expected to be effective on January 4, 2022. When the reorganization is complete, the holding company will be a real estate investment trust named Federal Realty Investment Trust.
Federal Realty’s mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply and has created urban, mixed-use neighborhoods such as Pike & Rose in North Bethesda, MD, and Assembly Row in Somerville, MA. The company’s 106 properties include approximately 3,100 tenants in 25 million square feet and approximately 3,200 residential units.
Photo: Pike & Rose
- ◦Financing
