Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.
As of December 31, 2021, the company owned interests in 104 shopping centers containing 25.1 million square feet.
Notable properties owned by the company include:
In 1962, the company was founded by Samuel J. Gorlitz in Washington, D.C. In 1999, the company was reorganized as a real estate investment trust in Maryland. In 2007, founder Samuel J. Gorlitz died. In 2015, the company acquired an 85% interest in The Shops at Sunset Place based on a property valuation of $110.2 million. In 2021, the company acquired a 60% ownership stake in Grossmont Center in La Mesa, California worth $175 million.