Kimco (KIM -0.4%) continues its exit from non-retail investment, closing on the sale of InTown...

|About: Kimco Realty Corporation (KIM)|By:, SA News Editor

Kimco (KIM -0.4%) continues its exit from non-retail investment, closing on the sale of InTown Suites for $735M - $609M of which is the assumption of debt. Following this and other sales during Q2, Kimco's non-retail investment balance will fall to about $200M, less than 2% of gross assets. (PR)