Looks to deep bench of talent to establish next generation of leaders, fueling continued growth.

Federal Realty Investment Trust (NYSE: FRT) announced a series of promotions within its Washington region leadership team to support the company’s continued growth in 2019 and beyond.

Wendy Seher, Stuart Biel, James Milam and Ronald Becker

Senior Executive Team:Wendy Seher, a 30-year industry veteran who has been with the Trust for nearly two decades, has been appointed executive vice president, Eastern Region president. In this capacity, Seher is responsible for leading the leasing, development, and asset management teams for the Trust’s East Coast portfolio, which comprises over 18 million square feet of real estate from Boston to Miami, and Chicago. Seher will serve as a member of the Trust’s executive committee, in addition to her existing role as a member of the investment committee.

Additionally, the Trust has promoted key personnel in its leasing and operations teams.

Leasing:

• Stuart Biel has been appointed senior vice president, regional leasing. Mr. Biel, who joined Federal Realty in 2005, leads the leasing and merchandising efforts for existing mixed-use assets on the East Coast, in addition to properties with large-scale redevelopment potential.

Operations:

• James Milam, who joined the Trust in 2016 with an extensive background in investment management, has been promoted to senior vice president, regional finance and portfolio manager responsible for the financial management, strategy and performance of a select group of complex assets in the Eastern Region.
• Ronald Becker is now vice president, national operations and sustainability. With over 25 years of real estate experience, Mr. Becker, who joined the Trust in 2015, is responsible for providing tactical leadership to property management across the portfolio and oversees the sustainability program at Federal Realty.

"For more than 50 years, Federal Realty has been driven by its commitment to sustainable, long-term growth through the ownership of best-in-class real estate, which can only be backed by industry-leading management of our assets" said Don Wood, president and chief executive officer of Federal Realty. "As we set the company up for the next 50 years, our focus on this critical advantage will not waver. Promoting from within is the ultimate proof of our strength, and I congratulate all of these people on their well-deserved promotions as they assume these important new roles."

For additional information, please visit the leadership section of our website.

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, Federal Realty’s mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Its 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 105 properties include approximately 3,000 tenants, in approximately 24 million square feet, and over 2,600 residential units.

Federal Realty has increased its quarterly dividends to its shareholders for 51 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.FederalRealty.com.