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Stock impact report

Federal Realty Completes $170 Million in Asset Dispositions as Part of Capital Recycling Strategy [Yahoo! Finance]

TJX Companies, Inc. (The) (TJX) 
Last tjx companies, inc. (the) earnings: 2/26 08:00 am Check Earnings Report
US:NYSE Investor Relations: investor.tjx.com
Company Research Source: Yahoo! Finance
assets for combined proceeds of approximately $170 million, consistent with the company's long-term strategy to recycle capital into high-quality and high-growth opportunities. The sales include: Pallas at Pike & Rose (North Bethesda, MD): A stabilized, peripheral residential building delivered in 2015 with 319 units, located within the Pike & Rose mixed-use development. Bristol Plaza (Bristol, CT): A 264,000-square-foot grocery-anchored shopping center anchored by Stop & Shop, T.J. Maxx, and Burlington, originally acquired in 1995. "These transactions demonstrate the strength and flexibility of our platform," said Don Wood, President and CEO of Federal Realty. "In mixed-use environments, our ability to unlock embedded value in our stabilized, peripheral residential components gives us an unrivaled cost of capital advantage to self-fund growth when and where it matters most. At the same time, we're recycling capital from mature, long-held retail assets into investments that of Show less Read more
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