- Kimco (NYSE:KIM) sold a total of 25 properties in Latin America for $207.3M in Q4, bringing full-year total dispositions to 41 properties for $622.2M. The sales were part of a plan to exit Latin America and focus company efforts on the U.S. and Canada. The company is now substantially out of Mexico and has made sizable progress towards a full LatAm exit.
- U.S. sales during Q4 totaled 41 properties for $492.3M.
- U.S. purchases during the quarter were nine shopping centers for $245M. The company also bought several land parcels for $54.4M for future development projects.
- Source: Press Release