THE FEDERATED COMPANIES PURCHASES BANK NOTE AND INCREASES MARKET VALUE OF ACQUISITION

Miami Beach, FL – March 15, 2011 – (RealEstateRama) — The Federated Companies, a leading vertically integrated national real estate investment and development firm, has recently closed on the acquisition of a mortgage from KeyBank that is secured by Bayside Village in Portland, Maine. The asset is located in downtown Portland between the Old Port and Back Cove on 132 Marginal Way and consists of 100 units and 400 bedrooms and operates as a student housing complex that was completed in 2008.


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