Federal Realty and Zipcar Announce Program to Offer Environmentally-Friendly Car Sharing Service to Patrons in Washington, D.C. Metro Area

Federal Realty Investment Trust FRT and Zipcar, Inc. ZIP today announced a new program to provide patrons in Washington, D.C. and the metropolitan area access to the world's leading car-sharing network from the Trust's shopping centers. The cost-effective and convenient transportation amenity is available 24 hours a day, seven days a week to members of the community, ages 21 and older.   "This new program with Federal Realty and Zipcar is a unique and tremendous offering for our shoppers: an emerging transportation concept that is convenient, environmentally-friendly and smart," said Mike Kelleher, director of asset management for Federal Realty. "This program promotes Zipcar use from the convenience of Federal Realty's properties which have great proximity to public transportation. We look forward to the expansion of this program at many of our properties across the country."