Steve LaBold has joined Federal Realty Investment Trust (NYSE:
FRT) as senior director of Northeast acquisitions. He will be responsible for sourcing and underwriting retail acquisitions in the REIT's northeast region, including metropolitan New York, Boston, and Philadelphia. He will be based in the firm's Morristown, N.J. office.
Prior to joining Federal Realty, LaBold sourced acquisitions while serving as managing director at Newmark Knight Frank and also was vice president, acquisitions and investment management with Monday Properties.
Prior to those positions, LaBold served as vice president of transactions for Prudential Real Estate Investors in the Northeast, where he was responsible for acquiring commercial properties and developing joint venture relationships. While with Prudential, Mr. LaBold originated and closed over $2.5 billion of acquisitions and development joint ventures.
"We continue to seek properties with great population and income demographics, in areas with significant barriers to entry, where we can create value through leasing, operations and redevelopment," stated said Barry Carty, vice president - East Coast acquisitions for Federal Realty.