WASHINGTON, DC—New Hyde Park, NY-based Kimco RealtyCorp. announced its fourth quarter earnings this week,which included the data point that it sold 88 wholly owned andjoint venture properties for $1.7 billion during the quarter for$908.3 million.
Sixty-four of these properties were located in the US.
To be more specific, many – at least 31 -- of these propertieswere in the DC area and larger Mid-Atlantic region. One transactionthat Kimco didn't break out in its earnings was the portfolio saleof 31 assets in the Fredericksburg, VA area.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
