This week on Leading Voices in Real Estate, Matt is joined by Jeff Berkes, President and Chief Operating Officer of Federal Realty Investment Trust. Founded in 1962, Federal is one of the oldest US REITs and is focused on the ownership, operation, and development of high-quality retail properties—from grocery-anchored shopping centers to large-scale mixed-use neighborhoods. As a non-mall retail owner, Federal has seen continued stability and success, despite the challenges of COVID and the realignments in the retail real estate sector due to the impact of e-commerce. Jeff shares Federal's “secret sauce” of building mixed-use projects with retail, office, and residential to help drive the organization's success and innovations and how Federal has worked with core tenants, including the hard-hit restaurants and retailers, to cope with the challenges of operating during the COVID shutdowns.
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