Federal Realty Investment Trust, Rockville, Md., has announced the closing of a new $200 million unsecured term loan facility.The equity real estate investment trust said the new facility has a one-year term with a one-year extension option and bears interest at 57.5 basis points over the London interbank offered rate. Wachovia Capital Markets LLC is the lead arranger and book-runner for the facility. The REIT can be found on the Web at http://www.federalrealty.com.

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