Seeking Alpha

Kimco sells 4 Mexican shopping centers

  • Continuing with strategy to exit Latin America, Kimco Realty (KIM) sells four retail properties in Mexico for a total of $82.1M, generating proceeds to the company of about $53.3M.
  • The four properties totaled 1.2M square feet and were developed between 2005-09.
  • Kimco is currently negotiating contracts for the sale of its remaining Latin American assets.
  • Source: Press Release
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