Profile: Forest City Realty Trust Inc (FCEa.N)
27 Oct 2016
Forest City Realty Trust, Inc., incorporated on May 29, 2015, is engaged in the ownership, development, management and acquisition of commercial, and residential real estate and land throughout the United States. The Company's segments include the Commercial Group, Residential Group, Land Development Group and Corporate Activities. The Company's core markets include Boston, Chicago, Dallas, Denver, Los Angeles, Philadelphia, and the greater metropolitan areas of New York City, San Francisco and Washington D.C. The Company holds all of its assets, and conducts all of its business, through the Operating Partnership, Forest City Enterprises, L.P. The Company holds and operates certain of its assets through one or more taxable real estate investment trust (REIT) subsidiaries (TRSs).
The Commercial Group segment owns, develops, acquires and operates regional malls, specialty/urban retail centers, office and life science buildings, and mixed-use projects. The Commercial Group segment's portfolio is in both urban and suburban locations in approximately 10 states and the District of Columbia. The Commercial Group focuses on markets where it develops complex projects, employing public and/or private partnerships. In its office development activities, the Company is primarily a build-to-suit developer that works with tenants to meet their requirements. The Company's office development focuses primarily on mixed-use projects in urban developments, often built in conjunction with hotels and/or retail centers or as part of an office or life science campus. Its regional malls are developed in collaboration with anchor stores that own their facilities as an integral part of the mall structure.
The Residential Group segment owns, develops, acquires, leases and manages residential rental properties in over 20 states and the District of Columbia. The Company is engaged in apartment community development. Its residential portfolio includes middle-market apartments, upscale urban properties, re-use developments, for-sale condominium projects and subsidized senior housing.
Land Development Group
The Land Development Group segment acquires and sells both land and developed lots to residential, commercial and industrial customers at its Stapleton project in Denver, Colorado. The Stapleton project is a urban redevelopment with future entitlements, including apartments, retail and office space, as well as single family neighborhoods, where the Company sells residential lots to homebuilders. The Company controls the development opportunity at Stapleton through an option agreement. The Company owns over 400 acres of undeveloped land (including approximately 160 saleable acres) and a purchase option for approximately 570 acres at Stapleton.
Forest City Realty Trust Inc
50 Public Sq Ste 1100
CLEVELAND OH 44113-2267