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REA
March 18, 2020  

NEW DEALS

NJ Mixed-Use PortfolioFederal Realty Investment is expected to realize an initial annual yield in the high 4% range from its purchase of a majority stake in a Hoboken, N.J., mixed-use portfolio.The Rockville, Md., REIT this month bought a 90% interest in a 39-property package valued at $203 million. The unidentified local seller retained the minority interest. Newmark brokered the sale. While the properties are about 95% occupied, Federal Realty...


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