Federal Realty Bullish on Close-In Retail

ROCKVILLE, MD-Federal Realty Investment Trust will be focusing at least one-third of its $1 billion pipeline in close-in retail investments in the DC area, with a heavy emphasis of the Bethesda-Rockville market and the stretch along Tysons Corner. “We can put to work $75 million to $100 million a year for the foreseeable future with a $1 billion pipeline,” Don Wood, president and CEO of Federal Realty Investment Trust tells GlobeSt.com.

The company is in an excellent position for acquisitions and development, he adds, as it has only 25% leverage and a $300 million credit that is still available. “In other words, we have a lot of dry powder,” Wood states. Headquartered here, the DC market has naturally been a strong focus for the REIT over the last several decades. It has also expanded to other coastal area markets and now has a strong presence in California, Texas and the East Coast, from Boston to DC.