FREH Announces 1stQuarter Sales Volume
Federated Real Estate Holdings 1stQuarter 2013 volume exceeds 2012 total volume
WASHINGTON--(BUSINESS WIRE)-- Federated Real Estate Holdings (FREH), a division of Federated Holdings, announced today that its Real Estate volume of $10 million in the 1st Quarter of 2013 has exceeded 2012 full year Real Estate volume. FREH was established in the 4th Quarter of 2011 for the purpose of purchasing, redeveloping, selling and leasing of distressed single-family properties. Federated has a vertically integrated structure which sets them apart from competitors and has produced strong margins.
FREH specializes in the redevelopment of distressed single-family homes in the Washington DC metro area. The management team has over 30 years' experience in the fields of real estate brokerage, finance, construction and marketing. FREH 2013 total real estate volume is projected to exceed $25 million in the Washington DC Metro area which includes MD, Washington DC and Northern VA. Federated is poised to expand operations into the Mid-Atlantic market to include Baltimore and Philadelphia. Further expansion into southeastern markets of Atlanta and central Florida are expected within the next 12-24 months. FREH Director George Lodge comments, "This business is evolving and the only way to stay competitive is by consolidation and scale and that's what we are focused on today."
Steven Conroy, 703-856-4362
KEYWORDS: United States North America District of Columbia
The article FREH Announces 1st Quarter Sales Volume originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.