Kimco Realty completed the acquisition of RPT Realty for $2.3bn.

Kimco Realty, North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, completed the acquisition of RPT Realty, a publicly traded real estate investment trust that owns and operates open-air shopping centers, for $2.3bn. “We are pleased to announce the successful completion of our acquisition of RPT, which will enable us to drive long-term growth and value creation for our shareholders in a leverage-neutral manner through embedded growth opportunities and economies of scale advantages,” Conor Flynn, Kimco Realty CEO.