(NYSE: BFS) is a
self-managed, self-administered equity
real estate investment trust, formed in
1993 and headquartered in Bethesda, Maryland.
operates and manages a real
of 59 community and
neighborhood shopping center and office
properties totaling approximately 9.3
million square feet of leaseable area.
Approximately 85 percent of our cash flow
is generated from properties in the metropolitan
Washington, D.C./Baltimore area.
primary operating strategy is to continue
its program of internal growth, renovations,
and expansions of community and neighborhood
shopping centers that primarily service
the day-to-day necessities and services
subsector of the overall retail market.
plans to supplement its internal growth
strategy through selective development of
new properties and acquisitions
of operating properties as appropriate opportunities