SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 14 or 15(d) of the Securities Exchange Act of 1934
Date of Report: December 4, 1995
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Federal Realty Investment Trust
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(Exact name of registrant as specified in its charter)
District of Columbia 1-7533 52-0782497
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
4800 Hampden Lane, Suite 500, Bethesda, Maryland 20814
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code: 301/652-3360
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Exhibit Index appears on page 3
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Item 5. Other Events
Exhibits are filed herewith in connection with Federal Realty Investment
Trust's final prospectus supplement dated December 4, 1995 to its final
prospectus dated November 7, 1995 (Registration No. 33-63687) filed with the
Securities and Exchange Commission on December 5, 1995 and relating to the
Trust's offering of $40,000,000 principal amount of 6-5/8% Notes Due 2005.
Attached as Exhibit 5 hereto is an opinion from Kirkpatrick & Lockhart LLP
regarding the legality of the Notes. The consent of Kirkpatrick & Lockhart to
the inclusion of such opinion in this Form 8-K is included in the opinion.
Item 7. Financial Statements and Exhibits
Exhibit 5 Opinion Regarding Legality
Exhibit 23 Consent of Counsel (included in Exhibit 5)
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereto duly authorized.
FEDERAL REALTY INVESTMENT TRUST
/s/ Cecily A. Ward
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Cecily A. Ward
Controller (Principal Accounting
Officer)
Date: December 8, 1995
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EXHIBIT INDEX
ITEM NO. PAGE NO.
5 Opinion regarding Legality
23 Consent of Counsel (included in the opinion)
3
Exhibit 5
[LETTERHEAD OF KIRKPATRICK & LOCKHART LLP]
December 8, 1995
Federal Realty Investment Trust
4800 Hampden Lane, Suite 500
Bethesda, Maryland 20184
Ladies and Gentlemen:
You have requested our opinion as counsel to Federal Realty Investment
Trust, a business trust organized under the laws of the District of Columbia
with its headquarters located in Bethesda, Maryland ("Trust"), in connection
with a Prospectus Supplement, dated December 4, 1995 to the Trust's Prospectus,
dated November 7, 1995 (registration statement No. 33-63687) ("Registration
Statement") relating to the Trust's offering and sale of $40,000,000 principal
amount of 6-5/8% Notes Due 2005 ("Notes") pursuant to an underwriting agreement
and a pricing agreement, each dated December 4, 1995 (together, the
"Underwriting Agreement") between the Trust and Alex. Brown & Sons Incorporated.
The Notes are being issued pursuant to an indenture dated December 1, 1993
("Indenture") between the Trust and Signet Trust Company ("Trustee"), and, when
issued, will be direct, unsecured obligations of the Trust.
We have participated in the preparation of the Registration Statement,
and in connection therewith, have examined and relied upon the originals or
copies of such records, agreements, documents and other instruments, including
the Third Amended and Restated Declaration of Trust of the Trust ("Declaration
of Trust"), the Bylaws of the Trust, the minutes of the meetings of the Trustees
to date relating to the authorization and issuance of the Notes and have made
such inquiries of such officers and representatives as we have deemed relevant
and necessary as the basis for the opinion hereinafter set forth. In such
examination, we have assumed, without independent verification, the genuineness
of all signatures (whether original or photostatic), the legal capacity of
natural persons, the authenticity of all documents submitted to us as originals,
and the conformity to authentic original documents of all documents submitted to
us as certified or photostatic copies. We have assumed, without independent
verification, the accuracy of the relevant facts stated therein.
As to any other facts material to the opinion expressed herein that were
not independently established or verified, we have relied upon statements and
representations of officers and employees of the Trust.
Federal Realty Investment Trust
December 8, 1995
Page 2
Based upon the foregoing and subject to the qualifications set forth
below, we are of the opinion that:
The Notes have been duly authorized and executed by the Trust and
delivered by the Trust, authenticated in accordance with the terms of the
Indenture, and when delivered against payment therefor as contemplated in the
Underwriting Agreement, the Notes will constitute valid and legally binding
obligations of the Trust in accordance with their terms, except to the extent
that enforcement thereof may be limited by bankruptcy, insolvency,
reorganization or other laws relating to or affecting enforcement of creditors'
rights or by general equity principles.
To the extent that the obligations of the Trust under the Indenture may
be dependent upon such matters, we assume for purposes of this opinion that the
Trustee is duly organized, validly existing and in good standing under the
applicable laws of the jurisdiction of organization of the Trustee; that the
Trustee is in compliance generally with respect to acting as a trustee under the
Indenture, and with all applicable laws and regulations; and that the Trustee
has the requisite organizational and legal power and authority to perform its
obligation under the Indenture.
We hereby consent to the filing of this opinion as an exhibit to the
Trust's Current Report on Form 8-K filed with the Securities and Exchange
Commission on December 8, 1995.
Very truly yours,
KIRKPATRICK & LOCKHART LLP
By: /s/ Thomas F. Cooney, III
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Thomas F. Cooney, III