Federal Realty acquires two types of high-quality retail properties: Stabilized, supermarket-anchored neighborhood and community shopping centers for our joint venture with Clarion Lion Properties Fund and retail properties with expansion, redevelopment, and lease-up/re-leasing potential for our own account. Federal Realty only acquires properties located in its target markets. For a list of our target markets and additional information regarding Federal Realty's acquisition criteria, click on an "Acquisition Criteria" link, or contact a member of Federal Realty's acquisitions team.