Federal Realty Investment Trust (NYSE:FRT) announced today the sale of Free State Shopping Center to New Market Properties, LLC, a wholly-owned indirect subsidiary of Preferred Apartment Communities, Inc., for $72.0 million. Free State Shopping Center is a 264,000 square foot Giant Food anchored shopping center located in Bowie, Maryland.
"The sale of Free State Shopping Center demonstrates our ability to sell non-core assets at attractive pricing," said Dan Guglielmone, Chief Financial Officer and Treasurer. "This transaction further exemplifies our diversified and disciplined approach to our balance sheet and capital funding needs."
#1 de 1
