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Scene clear after large police perimeter at Shops at Sunset Place in South Miami

Scene clear after large police perimeter at Shops at Sunset Place in South Miami
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Federal Realty Announces December Sales of Non-Strategic Assets and Senior Note Redemptions as the Company Looks Beyond COVID-19

Press release content from PR Newswire. The AP news staff was not involved in its creation.
Federal Realty Announces December Sales of Non-Strategic Assets and Senior Note Redemptions as the Company Looks Beyond COVID-19
January 7, 2021 GMT
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. (PRNewsfoto/Federal Realty Investment Trust)
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. (PRNewsfoto/Federal Realty Investment Trust) ....

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Federal Realty sells non-strategic assets and senior note redemptions

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Shops At Sunset Place , United States , District Of Columbia , North Carolina , Chapel Hill , Realty Investment , Rockville Based Federal Realty Investment Trust , Sunset Place , South Miami Florida , கடைகள் இல் சூரிய அஸ்தமனம் இடம் , ஒன்றுபட்டது மாநிலங்களில் , மாவட்டம் ஆஃப் கொலம்பியா , வடக்கு கரோலினா , தேவாலயம் மலை , ரியல்டீ முதலீடு , ராக்வில்லே அடிப்படையிலானது கூட்டாட்சியின் ரியல்டீ முதலீடு நம்பிக்கை , சூரிய அஸ்தமனம் இடம் , தெற்கு மியாமி புளோரிடா ,

Federal Realty Announces December Sales of Non-Strategic Assets and Senior Note Redemptions as the Company Looks Beyond COVID-19

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ROCKVILLE, Md., Jan. 7, 2021 /PRNewswire/ Federal Realty Investment Trust (NYSE: FRT) today announced the sale of The Shops at Sunset Place in South Miami Florida along with the sales of two of its more traditional shopping centers in Washington, D.C. and Chapel Hill, North Carolina for combined gross proceeds of $170 million. All three sales closed prior to year-end 2020 and the properties were not central to the Company s future growth plans.
Separately, the Trust repaid at par its $250 million 2.55% senior unsecured notes due 2021 and redeemed $250 million 3.00% senior unsecured notes due 2022. As a result, the Trust has no public bonds maturing until June 2023 and begins 2021 with approximately $800 million of cash on the balance sheet and a fully undrawn $1 billion credit facility. ....

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