The company acquired 34 shopping center projects during thequarter, while disposing of 28 properties totaling 3.4 million sffor approximately $545 million. In addition, its Kimco Selectdivision, in a joint venture with Westmont Hospitality Group,purchased the stock of InTown Suites, a 127-property portfolio forapproximately $781 million. The properties, which will be operatedby Westmont, are located across 21 states.

The shopping center acquisitions largely are located in highdensity metropolitan markets including Miami; San Diego; Reno, NV;Philadelphia and Santiago, Chile. The projects vary in size fromthe 350,000-sf Flagler Park Plaza in Miami, to the 320,000-sfmixed-use Suburban Square in metro Philadelphia to the 120,000-sfD'Andrea Marketplace in metro Reno, Nev.

In addition, Kimco acquired a number of land parcels in theUnited States and Mexico for future development, including 180-acretract in Hoover, Ala., for the development of the Grove, a600,000-sf power center expected to open in 2009. In Mexico, thecompany acquired some 44 acres in Rosarito for the construction ofPlaza Rosarito, a 600,000-sf power center anchored by Wal-MartSupercenter, Home Depot and Cinepolis movie theater. The center isexpected to open in 2008. The company acquired a 36-acre parcel inMazatlan for the recently announced Mexico Land Fund.