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REIT Invests $345M In Calif. Shopping Center Joint Venture

By Adam Rhodes (August 2, 2017, 3:44 PM EDT) -- Federal Realty Investment Trust has formed a joint venture with Los Angeles-based retail property developer Primestor Development Inc. encompassing seven retail properties, with the REIT holding a 90 interest after making a $345 million investment, the trust announced Tuesday....

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