NAIOP Massachusetts announced today that Federal Realty Investment Trust has been selected to receive their 2016 Distinguished Real Estate Award for achievements in real estate, charitable activities and community betterment. The award will be presented by Goulston & Storrs' Real Estate Group Co-Chair, Debbie Horwitz, at NAIOP's Annual Awards Gala on Thursday, November 10, 2016, at the Westin Waterfront Hotel in Boston.
"This award is a testament to Federal Realty's ability to maintain its role as a leader in the ownership, operation, development and redevelopment of mixed use real estate, while continuing to strategically adapt over the years to the changing markets," said David Begelfer, CEO of NAIOP Massachusetts. "In addition, the company continues to promote social and environmental responsibility in their operations and development."
Federal Realty Investment Trust is a leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Boston to Miami as well as San Francisco and Los Angeles. Federal Realty's expertise includes creating urban, mixed-use districts like Greater Boston's newest neighborhood, Assembly Row in Somerville, Massachusetts. Federal Realty finds pride in the activation, vibrancy and economic impact of these developments, noting that their success lies with their people and the strong relationships with and within the community. The company's 96 properties include over 2,800 tenants, in approximately 22 million square feet, and over 1,800 residential units.
Founded in 1962, Federal Realty Investment Trust's mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. As a committed leader in the development, long term ownership and management of its properties, Federal Realty is the epitome of a sustainable business - built to last and with a vested interest in the future. Sustainability is not a distinct and separate mission for Federal Realty but rather embedded in its core business philosophy - constructing resource-efficient buildings, investing in renewable energy sources, creating places that promote healthy outcomes, and reducing energy and water use throughout their portfolio.
In conjunction with this award, Federal Realty Investment Trust chose the Somerville Homeless Coalition as the recipient of a charitable donation from NAIOP in their honor. Founded in 1985, the Somerville Homeless Coalition works with homeless and near homeless families to find affordable housing solutions. In 2015 over 2100 people were helped by the organization.
"We are honored to be awarded NAIOP Massachusetts' Distinguished Real Estate Award," said Don Briggs, President Federal Realty Investment Trust Boston. "Our goal is never to simply redevelop but to fully invest in the community. We seek to improve and enhance the communities that we are in and we hope this commitment fosters continued growth and pride for our neighbors and partners. We know that business thrives only when our people and communities thrive. As such, we are equally excited that this award garners a donation for the Somerville Homeless Coalition, an important organization and support system for many affected in our area."
About NAIOP Massachusetts
NAIOP Massachusetts, the Commercial Real Estate Development Association, represents the interests of companies involved with the development, ownership, management, and financing of commercial properties. NAIOP's close to 1,700 members are involved with more than 240 million square feet of office, research & development, industrial, mixed use, retail and institutional space and over 50,000 apartment units in the Commonwealth, valued at more than $40 billion. In addition to providing outstanding education and networking opportunities, NAIOP advances the interests of the industry and advocates for effective public policy. For more information, visit www.naiopma.org.
