JUNE 7, 2021

2021 Acquisitions Overview

Acquisitions Representative of FRT's Existing Portfolio

NEW ASSETS SHOWCASE FEDERAL'S DIVERSE PORTFOLIO AND BROAD OPERATING AND REDEVELOPMENT CAPABILITIES

  • 4 properties totaling 1.75 million square feet on 125 acres of land
  • $407 million gross value of acquisitions bought/under contract
    • 80% average ownership interest
    • Assets acquired on an off- market basis

SILICON VALLEY

SOUTHERN

CALIFORNIA

PHOENIX

Grossmont | Greater San Diego, CA

Super Regional Community Center

Redevelopment Opportunity

Camelback Colonnade | Phoenix, AZ

Super Regional Community Center

Merchandising & Capital

Investment Opportunity

CHICAGO

Hilton Village | Scottsdale, AZ

Specialty Center

Merchandising & Capital

Investment Opportunity

BOSTON

NEW YORK

PHILADELPHIA

WASHINGTON, DC

MIAMI

Chesterbrook | McLean, VA

Grocery Anchored Neighborhood

Center

Merchandising & Capital

Investment Opportunity

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The acquisitions announced today represent a microcosm of Federal Realty's existing portfolio of productive, well-located properties across a variety of open-air formats. From a grocery-anchored neighborhood center, to a specialty lifestyle center, to a dominant community center, to a large redevelopment opportunity focused on the highest and best use, these acquisitions showcase Federal's diverse portfolio and broad operating and redevelopment capabilities. These assets will benefit from Federal's reputation of investing in our properties, our leasing expertise and in the case of Grossmont, our redevelopment and development track record.

We are excited to add each of these properties to our portfolio given the go-forward value creation opportunities through redevelopment, merchandising and capital investment. We are viewing our acquisition of assets in the Phoenix market not as an entry into a new market but as an extension of our West Coast footprint as we continue to expand our portfolio with future value creation opportunities.

- JEFF BERKES PRESIDENT AND CHIEF OPERATING OFFICER

  • DONALD C. WOOD CHIEF EXECUTIVE OFFICER

Grossmont

GREATER SAN DIEGO, CALIFORNIA

Grossmont

GREATER SAN DIEGO, CALIFORNIA

Overview

  • Super regional community shopping center
  • Redevelopment opportunity
    • Virtually all existing leases expire in 2025
  • 925,000 SF on 64 Acres
  • 99% leased
  • $175 million gross value ($190 PSF)
    • FRT owns a
      60% controlling interest

Demographics1

3-MILE RADIUS

Location

Similar FRT Properties

Situated at the interchange of two highly traveled freeways, Interstate 8 and CA 125 with average daily traffic volume of 228,000 cars per day. Grossmont is also proximate to San Diego's Trolley, a light rail line connecting La Mesa with San Diego State University and downtown San Diego.

Westgate Center | San Jose, CA

153,566

60,471

$72,435

Population

Households

Median HHI

Pike & Rose (fka Mid-Pike Plaza) | North Bethesda, MD

$95,861 39 37%

Average HHI

Median Age College Educated

(1) Source: ESRI as of July 2020

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Federal Realty Investment Trust published this content on 07 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2021 21:08:00 UTC.