Federal Realty Expands Into Alabama With Half-Billion Dollar Acquisition

Bisnow reports that Federal Realty Investment Trust has purchased The Summit in Birmingham for $508 million. The Maryland-based REIT acquired the 870,000-square-foot open-air shopping center from Bayer Properties, marking the first ownership change for the asset since its complet

Bisnow reports that Federal Realty Investment Trust has purchased The Summit in Birmingham for $508 million. The Maryland-based REIT acquired the 870,000-square-foot open-air shopping center from Bayer Properties, marking the first ownership change for the asset since its complet