1. Federal Realty acquired Annapolis Town Center for $187 million. 2. The center features major retailers like Whole Foods and Target. 3. Strong leasing momentum reported for recent acquisitions by Federal Realty. 4. Investment targets dominant retail locations with high-growth potential. 5. CEO emphasized disciplined approach to strategic scaling and value creation.
The acquisition of a high-value retail asset enhances FRT's portfolio. Past acquisitions have resulted in successful lease executions, potentially leading to increased revenues.
The acquisition aligns with Federal's growth strategy, likely leading to future revenue increases and market confidence.
The acquisition strategy aims for sustained growth and value over time, similar to previous successful investments in profitable areas such as Leawood, KS.
Acquisition extends portfolio of dominant retail assets; recent leasing momentum underscores Federal's strong execution
NORTH BETHESDA, Md., Oct. 13, 2025 /PRNewswire/ -- Federal Realty Investment Trust (NYSE:FRT) today announced the $187 million acquisition of Annapolis Town Center, a dominant, 480,000-square-foot open-air shopping destination in Anne Arundel County, Maryland on October 10, 2025. Anchored by a high-volume Whole Foods, shadow-anchored by Target, the center also features a Life Time luxury athletic club and a curated mix of national brands such as Anthropologie, Sephora, Restoration Hardware, and Williams Sonoma. Situated in one of the most affluent, well-connected trade areas in the Washington, D.C.–Baltimore region, the property benefits from high household incomes, strong retail fundamentals, and direct access to major regional corridors – all consistent with Federal's strategic investment criteria.
"This is exactly the kind of opportunity we target: a dominant asset with strong fundamentals, competitive positioning, and the potential to unlock further value under our ownership," said Don Wood, President & CEO of Federal Realty. "The traction we've seen across our other recent acquisitions gives us confidence in both our disciplined approach and our ability to scale strategically."
The acquisition of Annapolis Town Center extends Federal's strategy of investing in dominant, well-located retail centers with attractive demographics and value-creation potential. The asset presents both near- and long-term opportunities to drive performance through operational improvements, active merchandising, and capital investment. For an aerial image of Annapolis Town Center, click here.
Annapolis Builds on Recent Track Record of Dominant Asset Acquisitions
Recent acquisitions have demonstrated sustained leasing momentum, rent growth, and strong operational execution, reinforcing Federal's ability to create value through strategic execution and active portfolio management.1
Across these recent acquisitions, Federal has demonstrated consistent value creation through higher rents, strong tenant demand, and disciplined execution. While timing and performance vary by property, each reflects the same investment standards: irreplaceable real estate, income-rich trade areas, and a clear path to long-term value creation.
___________________________________ 1 All leasing information below includes new and renewal leases signed or in active lease negotiation since acquisition of the property through 9/30/2025. There can be no guarantee that deals that are currently in active negotiation will ultimately be signed. |
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 and select underserved regions with strong economic and demographic fundamentals. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply. This includes a portfolio of open-air shopping centers and mixed-use destinations—such as Santana Row, Pike & Rose and Assembly Row—which together reflect the company's ability to create distinctive, high-performing environments that serve as vibrant destinations for their communities. Federal Realty's 102 properties include approximately 3,500 tenants in 27 million commercial square feet, and approximately 3,000 residential units.
Federal Realty has increased its quarterly dividends to its shareholders for 58 consecutive years, the longest record in the REIT industry. The company is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.federalrealty.com.
Investor Inquiries:
Jill Sawyer
Senior Vice President, Investor Relations
301.998.8265
jsawyer@federalrealty.com
Media Inquiries:
Brenda Pomar
Senior Director, Corporate Communications
301.998.8316
bpomar@federalrealty.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/federal-realty-acquires-annapolis-town-center-advancing-disciplined-acquisition-strategy-302581416.html
SOURCE Federal Realty Investment Trust