ROCKVILLE, Md., Oct. 12, 2017 /PRNewswire/ -- Federal Realty
Investment Trust (NYSE: FRT), a national leader in the retail real
estate industry, received the inaugural Best Sustainability Program
award from the NAIOP DC | MD Chapter. The award is given to
an organization that "demonstrates a strong commitment to
sustainable business practices and solutions that contribute to
environmental responsibility and economic success."
"Combining environmental responsibility with economic success is
a key principle that permeates the way we operate and develop real
estate at Federal Realty," said Chris
Brown, Director of Sustainability of Federal Realty. "We're
humbled to be acknowledged by NAIOP for those efforts and look
forward to identifying new opportunities for environmental
leadership."
Some of the components of Federal Realty's sustainability
program for which it was recognized include:
- Investment of over $50 million in
rooftop solar photovoltaic systems at almost one-third of Federal
Realty's properties with the capacity to generate more than 18
megawatts of energy.
- 19 USGBC LEED New Construction projects, 1 LEED Neighborhood
Development (under review) and 3 Cal Green certifications.
- Implementation of technology and management best practices to
reduce water and electricity consumption throughout our
portfolio.
- Introduction of the first rooftop farm in Maryland at Bethesda Row and a new 24,000
square foot farm underway at Pike & Rose.
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
104 properties include over 2,800 tenants, in over 24 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 50 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.
Investor
Inquires:
|
Media
Inquiries:
|
Leah
Andress
|
Andrea
Simpson
|
Investor Relations
Associate
|
Vice President,
Marketing
|
301.998.8265
|
617.684.1511
|
landress@federalrealty.com
|
asimpson@federalrealty.com
|
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SOURCE Federal Realty Investment Trust