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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, 2017, the company owned interests in 104 shopping centers containing 24.2 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 2008, the company acquired 2 buildings in Boca Raton, Florida for $6.71 million.In 2012, the company acquired a controlling interest in a property in Rockville, Maryland for $127 million and a controlling interest in a property in El Segundo, California for $183.5 million.In 2013, the company sold a movie theater in Forest Hills, New York for $20.5 million.In 2014, the company acquired 2 shopping centers in Monmouth County, New Jersey for $161 million.In 2015, the company acquired an 85% interest in The Shops at Sunset Place based on a property valuation of $110.2 million.In 2016, the company was added to the S&P 500 Index.In 2017, the company acquired a property in Pasadena, California for $29.5 million. The company also acquired Riverpoint Center in Chicago, Illinois for $107 million and 7 properties in Los Angeles County for $345 million.
