Federal Realty Investment Trust is a REIT that specializes in the ownership, operation, and redevelopment of high-quality, retail-based properties. The company's portfolio is comprised of open-air shopping centers and signature mixed-use destinations that combine retail, residential, and office space to create vibrant community centers. Federal Realty primarily invests in densely populated, affluent coastal markets across the United States, including the Boston, New York, Philadelphia, and Washington D.C. metropolitan areas, as well as South Florida, Chicago, and key cities in California like San Jose, Los Angeles, and San Diego. The company also strategically expands into select underserved regions such as Omaha. A core component of its strategy is the active redevelopment and expansion of its properties to create long-term value.