Jan
13
Kimco Sells 31-Asset Portfolio; Buys Stakes in 2 Retail Centers
By
The Shops at District Heights
WASHINGTON, DC—New Hyde Park, NY-based Kimco Realty Corp. announced its fourth quarter earnings this week, which included the data point that it sold 88 wholly owned and joint 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 properties were in the DC area and larger Mid-Atlantic region. One transaction that Kimco didn’t break out in its earnings was the portfolio sale of 31 assets in the Fredericksburg, VA area…
Kimco Sells 31-Asset Portfolio; Buys Stakes in 2 Retail Centers
