#United States #North Bethesda #Executive Vice President #Federal Realty #Jeff Kreshek

Federal Realty's Leadership Update

On February 23, 2026, Federal Realty Investment Trust announced a significant promotion within its executive ranks, naming Jeff Kreshek as the new Executive Vice President, Western Region President, and Chief Operating Officer. This move underscores the company’s commitment to enhancing its leadership team and the strategic importance of its West Coast portfolio, which has become a vital component of its overall business approach.

Kreshek has been a part of Federal Realty since 2011, bringing a wealth of experience and a demonstrated track record of success in retail leasing. Initially focusing on West Coast leasing, he quickly climbed the ranks and became the Senior Vice President in 2016. His increasing responsibilities culminated in his role as the West Coast President in 2023. Kreshek currently oversees an impressive 8 million-square-foot portfolio, which features several highly productive retail centers located in California and Arizona. Notably, the West Coast segment has emerged as a central pillar of Federal Realty’s leasing expansion and operational excellence, with 2026 poised to be a year of notable achievements in these areas.

Don Wood, the President and CEO of Federal Realty, pointed out that Kreshek's leadership has greatly contribute to the strength and reputation of the company's West Coast operations. Wood remarked, “Jeff's leadership has helped shape the strength and reputation of our West Coast portfolio. He brings a rare combination of vision, operational discipline, and trusted relationships across the industry. As we continue to expand and evolve our platform, Jeff's perspective and execution will remain central to how we create long-term value.”

Kreshek's recognition in the retail real estate industry goes beyond his corporate responsibilities. He is also involved in academia as an adjunct professor at the University of Southern California, where he teaches Retail Development in the Masters of Real Estate Development program. His dual role in industry and education positions him as a thought leader within the field, further enhancing his contribution to Federal Realty’s strategic direction.

Federal Realty Investment Trust is renowned for its expertise in the acquisition, operation, and redevelopment of high-quality retail properties, primarily focused on major coastal markets as well as certain underserved regions boasting strong economic fundamentals. Established in 1962, the company aims to deliver sustainable long-term growth by investing in communities where the demand for retail surpasses the available supply. Their diverse portfolio includes thriving open-air shopping centers and mixed-use developments, such as Santana Row, Pike & Rose, and Assembly Row, showcasing Federal Realty’s dedication to creating vibrant community spaces.

As of December 31, 2025, Federal Realty’s portfolio encompasses 104 properties with approximately 3,700 tenants, spanning 28.8 million commercial square feet alongside nearly 2,700 residential units. The company has a remarkable history, having increased dividends to its shareholders for 58 consecutive years, which stands as the longest record within the REIT sector. Additionally, Federal Realty is listed as an S&P 500 index member and its stocks are traded on the NYSE under the symbol FRT.

Kreshek's appointment solidifies Federal Realty's strategic vision as the company continues to expand its footprint and impact across the retail landscape, paving the way for further innovations in property development and management. The ongoing growth and transformation of Federal Realty are indeed signs of an exciting future in the retail real estate market, and Kreshek’s leadership will be pivotal in navigating this journey.

For more information about Federal Realty Investment Trust and its developments, please visit Federal Realty's website.