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News Release

Federal Realty Investment Trust Promotes Leaders within its Finance, Operations and Development Ranks

ROCKVILLE, Md., Feb. 12, 2018 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) announced today the following promotions:

Federal Realty Investment Trust is an equity real estate investment trust specializing in the ownership, management, development, and redevelopment of high quality retail assets. Federal Realty's portfolio is located primarily in strategic metropolitan markets in the Northeast, Mid-Atlantic, and California. Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has the longest consecutive record of annual dividend increases in the REIT industry. (PRNewsFoto/Federal Realty Investment Trust)

Melissa Solis has been promoted to Senior Vice President – Chief Accounting Officer. Melissa oversees the Trust's accounting functions, financial reporting, lease administration and corporate forecasting. Ms. Solis joined Federal Realty in 2007 as Controller and was promoted to Vice President – Chief Accounting Officer in 2011.

Prior to joining the Trust, Ms. Solis was a senior manager at Ernst & Young in the assurance and advisory business services group specializing in real estate. Ms. Solis is a Certified Public Accountant and has a bachelor's degree with a double major in accounting and finance from Indiana University where she graduated Magna Cum Laude.

Christian Fleming has been appointed to Vice President – Asset Management. In this capacity, Chris is responsible for the performance of the Trust's Philadelphia and Baltimore portfolios, comprised of 20 assets representing approximately 4.5 million square feet. Mr. Fleming joined the Trust in 2007 as a Development Finance Manager, and has held various other positions within the Trust.

Prior to joining the trust, Mr. Fleming was a Senior Investment Manager at Northmarq Capital, Inc. specializing in commercial real estate financing. Mr. Fleming holds a Masters of Business Administration from the University of Maryland: Robert H. Smith School of Business and a Bachelor of Science in Environmental Studies from George Washington University.

Patrick McMahon has been promoted to Vice President – Development. Patrick is responsible for management of the Trust's development pipeline in the Boston and New York portfolios, specifically the multi-phase development at Assembly Row in Somerville, Massachusetts.

Prior to joining the Trust in 2013, Mr. McMahon was the Vice President of Development in the Northeast Region at Simpson Housing LLLP, where he oversaw all aspect of the development process. Mr. McMahon holds a Bachelor of Arts in History from Boston College.

"These promotions further demonstrate the strength of Federal Realty's deep bench of creative and talented real estate professionals," commented Don Wood, Federal Realty's President and Chief Executive Officer. "The development of our employees continues to be one of our greatest strengths, fueling our success over the years."

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 from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Our expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty's 104 properties include over 2,900 tenants, in approximately 24 million square feet, and over 2,000 residential units.

Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 50 consecutive years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.FederalRealty.com.

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SOURCE Federal Realty Investment Trust