Private company
Who owns Assembly Row hotel joint venture
One company in the researched set discloses a stake in Assembly Row hotel joint venture, none of it sized by anyone who discloses it. Assembly Row hotel joint venture is private, so no 13F reports it: a 13F covers exchange listed positions only. These figures exist because each holder disclosed the stake in its own filings.
What this is
A single asset joint venture that owns and operates the 158 room boutique hotel built as part of Phase II of the Assembly Row mixed use district in Somerville, Massachusetts, opened in August 2018 and controlled by Federal Realty's venture partner, with the venture itself described nowhere in public except Federal Realty's own filings.
The disclosed stakes
One row per position. Where a holder reports the same company in two share classes, both rows are shown rather than summed, because the class is part of a position's identity.
Where each figure comes from
A private stake has no ownership form behind it, so the source is always the holder's own filing or disclosure. Anything modelled says so, with the arithmetic.
- Federal Realty Investment Trust. FRT's combined FY2025 10-K (Note on Fair Value / VIEs) states: 'As we do not control the activities that most significantly impact the economic performance of our equity method joint ventures or the borrower entities related to our mortgage notes receivable, we are not the primary beneficiary and do not consolidate. As of December 31, 2025 and 2024, our investment in the equity method joint ventures and maximum exposure to loss was $27.9 million and $29.4 million, respectively.' This $27.9 million (Dec 31 2025) / $31.881 million balance-sheet 'Investment in partnerships' line (Q2 2026 10-Q shows $31.881 million at Dec 31 2025 vs $33.458 million at Dec 31 2024) is a SINGLE combined balance covering at least four named unconsolidated equity-method joint ventures disclosed elsewhere in the filings (Assembly Row hotel joint venture, La Alameda shopping center, Chandler Festival shopping center, Chandler Gateway shopping center) plus other smaller partnerships. No ownership percentage, no per-venture carrying value, and no per-venture fair value is disclosed for any of the four. Per the project's rule against assigning a combined balance to one investee, every one of these four is recorded here as null and unsized; the combined figure is recorded in notes and unknowns. Exhibit 21 (frt-12312025xex211.htm) was checked and is a bare subsidiary name list with NO ownership-percentage column, a genuine negative rather than evidence of looking in the wrong place. sourcesource 2source 3
What this page is not
It is not a complete register. It lists the holders who happen to be inside the researched set and disclosed the stake themselves. A private company can have many other shareholders, and nothing here rules them out: venture investors, founders and employees usually appear in no public filing at all. Percentages are of Assembly Row hotel joint venture where a holder stated one, and are missing where no holder did.