Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company is headquartered in North Bethesda, Maryland and currently employs 304 full-time employees. The Trust specializes in the ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities in the Northeast and Mid-Atlantic regions of the United States, California, and South Florida. Its portfolio includes retail in many formats, ranging from regional, community and neighborhood shopping centers that are often anchored by grocery stores to mixed-use properties that are centered around a retail component but also include residential and office components. The Trust has over 104 properties, which include approximately 3,500 tenants in 27 million commercial square feet, and approximately 3,100 residential units. Its property portfolio includes Assembly Square, Andorra Shopping Center, Assembly Row, Bala Cynwyd On City Avenue, Town Center Plaza, Town Center Crossing, Del Monte Shopping Center and others.