Announced
Completed
Financials
Tags
United States
shopping centers
Retail REITs
Acquisition
Domestic
Majority
Public
Friendly
Single Bidder
real estate investment trust
Completed
Synopsis
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.
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