- Part of Kimco's (NYSE:KIM) "2020 Vision" in which its an owner and operator of a highly concentrated portfolio of open-air shopping centers in major metropolitan U.S. markets, the company announces the sale of interests in a 17-proprety Canadian portfolio to Anthem Properties Group for a total sale price $324M. Kimco's share of the sale was $291.6M.
- The company separately sold interests in two other Candaian shopping centers.
- Kimco now has interests in just nine shopping centers in Canada, and expects to sell those by year-end.
- Source: Press Release