Federal Realty Investment Trust (NYSE:FRT) Files An 8-K Other EventsItem 8.01. Other Events
The information included in Exhibit 99.1 (the “Tax Exhibit”) to this Current Report on Form 8-K provides a summary of additional material federal income tax considerations relevant to an investment in equity securities of Federal Realty Investment Trust (the “Company”). The information in the Tax Exhibit amends in part the discussion under the heading “Material Federal Income Tax Considerations” contained in or incorporated by reference into prospectuses, and the discussion under the heading “Additional Material Federal Income Tax Considerations” contained in any prospectus supplement, filed by the Company under the Securities Act of 1933 prior to the date of this Current Report on Form 8-K, and the Tax Exhibit shall be deemed incorporated by reference into each such registration statement.
On August 2, 2017, we closed our previously announced joint venture with Primestor Development Inc. We hold an approximate 90% interest in the venture which owns a 50% interest in five community shopping centers and one center under development, plus a 25% minority interest in a seventh shopping center. These seven properties total over 1.3 million square feet on 114 acres of urban land with tenants such as Ross Dress for Less, Marshalls, and Kroger’s Food 4 Less. Our investment in the venture is approximately $345 million which includes a $20 million commitment to complete the redevelopment of one of the centers.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits.
99.1 Additional Material Federal Income Tax Considerations
FEDERAL REALTY INVESTMENT TRUST ExhibitEX-99.1 2 frt080417ex-991.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 ADDITIONAL MATERIAL FEDERAL INCOME TAX CONSIDERATIONS The following is a summary of additional material federal income tax considerations with respect to our qualification as a REIT and the purchase,…To view the full exhibit click here
About Federal Realty Investment Trust (NYSE:FRT)
Federal Realty Investment Trust is an equity real estate investment trust (REIT) engaged in the ownership, management, and redevelopment of retail and mixed-use properties. The Trust owns or holds interests in community and neighborhood shopping centers and mixed-use properties, which are operated as approximately 90 retail real estate projects consisting approximately 21.4 million square feet, located primarily in the Northeast and Mid-Atlantic regions of the United States, as well as in California. The Company owns approximately six retail real estate properties through a joint venture. The Trust’s properties are located in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida. The Trust offers various options in specialty leasing and partnership marketing, which include carts and kiosks; temporary in-line store locations; holiday advertising and marketing, and environmental partnerships.