Federal Realty Investment Trust Announces Executive Promotions
February 07, 2019 at 12:55 pm
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Federal Realty Investment Trust announced that Wendy Seher and Jan Sweetman have been promoted to executive vice president and will serve as members of the Trust's executive committee, in addition to their existing roles as members of the investment committee. In leasing: Stuart Biel has been appointed senior vice president, regional leasing. Mr. Biel, who joined Federal Realty in 2005, leads the leasing and merchandising efforts for existing mixed-use assets on the East Coast, in addition to properties with large-scale redevelopment potential. Liz Ryan is now vice president, regional leasing. Ms. Ryan joined Federal Realty in 2015 and has over 15 years of retail leasing experience. In this role, she leads the leasing and merchandising activities for the Trust's Northeast and Chicago assets. In development: Patrick McMahon has been appointed senior vice president, regional development. Mr. McMahon joined Federal Realty in 2013. With nearly 20 years of real estate development experience, he is responsible for the management of the Trust's development pipeline in the Northeast. Seth Bland, a 30-year development veteran has been promoted to senior vice president, regional development. In this capacity, Mr. Bland, who joined the company in 2014, oversees the strategy and execution of the Trust's development activities on the West Coast. Mark Brennan is now vice president, regional development. Mr. Brennan, who joined the Trust in 2017, has been active in real estate development for over 15 years. In this role, he is responsible for all phases of development for the Trust's New York assets. Brad Dutton is now vice president, regional construction. Mr. Dutton joined Federal Realty in 2015 and has over 20 years of construction experience. In this capacity, he manages all phases of construction for the Trust's Northeast portfolio. Stuart MacDonald has been promoted to vice president, regional development. Mr. MacDonald joined Federal Realty in 2008. With over 30 years of development, construction and design management experience, he is responsible for the delivery of a variety of projects for the Trust's Western Region. In operations and finance: James Milam, who joined the Trust in 2016 with an extensive background in investment management, has been promoted to senior vice president, regional finance and portfolio manager responsible for the financial management, strategy and performance of a select group of complex assets in the Eastern Region. Ronald Becker is now vice president, national operations and sustainability. With over 25 years of real estate experience, Mr. Becker, who joined the Trust in 2015, is responsible for providing tactical leadership to property management across the portfolio and oversees the sustainability program at Federal Realty. Matt Ehrie has been promoted to vice president, regional portfolio manager. Mr. Ehrie joined Federal Realty in 2015 and has over 30 years of asset management experience. In this capacity, he oversees the strategy and performance of the Trust's Northeast portfolio. Angela Lee is now vice president, regional finance. Ms. Lee joined Federal Realty in 2006 and has over 18 years of real estate finance experience. In this role, she is responsible for the overall financial management of the Western Region, providing strategic direction, planning, analysis and reporting.
Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company is engaged in ownership, operation and redevelopment of retail-based properties located in coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Its portfolio includes retail in many formats ranging from regional, community and neighborhood shopping centers that often are anchored by grocery stores to mixed-use properties that are centered around a retail component but also include office, residential and/or hotel components. These properties are located in metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, California, and South Florida. The Companyâs 102 properties include approximately 3,200 tenants, in 26 million square feet. The Company has approximately 3,300 commercial leases and 3,000 residential leases, with tenants ranging from sole proprietors to national and international retailers.