ROCKVILLE, Md. - Federal Realty Investment Trust and Zipcar, Inc. recently 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."

Federal Realty will provide dedicated spaces for Zipcar vehicles at four locations in the metropolitan area, including:

Maryland

• Bethesda Row located at Woodmont Ave & Arlington Road Bethesda Ave. in Bethesda, Maryland
• Congressional Plaza located at Rockville Pike (Route 355) & Halpine Road in Rockville, Maryland

Virginia

• Pentagon Row located at Army Navy Drive & South Joyce in Arlington, Virginia

Washington, D.C.

• Sam's Park and Shop located at Connecticut Ave & Ordway St NW in Washington, D.C.

"Car sharing is an extremely cost-effective, convenient and environmentally-friendly way for people who don't own cars, or who sometimes need an extra set of wheels, to run errands, go shopping or go out to dinner," said Ellice Perez, general manager, Zipcar Washington, D.C. "This new program with Federal Realty allows us to offer a new level of service in Washington, D.C. and across the Mid-Atlantic area by providing area residents with convenient access to car sharing right at the shopping centers they frequent."

The program with Zipcar gives shoppers, diners and visitors to Federal Realty's shopping centers a new flexible and convenient transportation option, and expands Zipcar's footprint in Washington, D.C. and across the Mid-Atlantic. Zipcar vehicles can be reserved for as short as an hour or for up to four days. Gas, up to 180 miles of driving per day, insurance, reserved parking spots and roadside assistance are included in the hourly and daily Zipcar rates, which start as low as $7.50 per hour and $69 per day. Zipcar also offers a fun and functional iPhone app, along with a recently unveiled Android app, both of which will honk the horn to locate a Zipcar and lock and unlock the doors for members. For more information on Zipcar or to become a member, visit www.zipcar.com.