ROCKVILLE, Md., Jan. 27, 2015 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) announced today the appointment of Michael Ennes to the newly created position of Vice President, Residential Branding & Operations. In this position, Mr. Ennes will be responsible for the rollout and oversight of the Trust's fast-growing residential business, much of which is concentrated in its large, mixed-use communities like Bethesda Row, Pike & Rose, Santana Row and Assembly Row. Federal Realty currently owns and oversees operations for nearly 1,500 exclusive residences on both the east and west coasts and expects that number to grow significantly over the next five years. Mr. Ennes will report to Donald C. Wood, the Trust's President and CEO. "The secret to successful mixed-use communities lies in the connectivity and interrelationship between the ground floor retail and the residents who call it home, the office workers who frequent it each day and the hotel guests whose experience is enhanced," said Mr. Wood. "Adding an executive of the caliber and pedigree of Mike to our management team will ensure that our residents will experience all that a Federal Realty community promises."
Mr. Ennes comes to Federal from Hilton Worldwide, where he most recently served as Senior Director, Canopy brand concept and culture development, and Senior Director, brand development for their Waldorf Astoria and Conrad brands. Mr. Ennes holds a Bachelor's degree from Michigan State University and an MBA from the University of Denver. His first day with the Trust will be March 9, 2015.
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 89 properties include over 2,400 tenants in approximately 20.1 million square feet of retail space and 1,500 residential units.
Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 47 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