X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW HYDE PARK, NY-Continuing its US portfolio recycling initiative, retail REIT Kimco Realty Corp. has disposed of more of its non-strategic assets. Since the end of second quarter 2012, the company has sold 23 retail properties comprised of 2.7 million square feet for $165 million, including a subsequent quarter-end sale of a 13-property portfolio in the Midwest region, of which eight properties were located in Ohio and five in Indiana.

Since the start of the company’s asset recycling program in September 2010, Kimco has sold of 86 non-strategic properties comprising on a gross basis, 7.9 million square feet for $529.9 million. The REIT’s share of the proceeds from these sales was $387.4 million and was utilized by Kimco to “opportunistically add high-quality shopping centers in core markets to its portfolio,” according to a company statement.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.