Kimco Realty (KIM) Announces Acquisition of Majority Stake in Four-Property JV Portfolio
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 4/25/2024
- Wall St drops as Meta Platforms, economic data weigh
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steady as US demand concerns balance Middle East conflict risks
- Dollar firmer on higher U.S. inflation; yen sinks vs euro, US currency
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Meta Platforms, IBM, Caterpillar fall premarket; American Airlines, Chipotle rise
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
Kimco Realty Acquires Remaining Interest in Four-Property Joint Venture Portfolio for $170.7M
September 6, 2016 9:02 AM EDTCompany Also Announces Purchase of Kentlands Market Square
NEW HYDE PARK, N.Y.--(BUSINESS WIRE)-- Kimco Realty Corp. (NYSE: KIM) today announced the acquisition of the remaining 85% interest in a four-property joint venture portfolio for a gross price of $170.7 million, which includes the assumption of $103 million in mortgage debt. Simultaneous with this acquisition, the company prepaid $26 million in mortgage debt associated with the acquired portfolio. The portfolio includes Perimeter Expo in Atlanta, Ga., Cranberry Commons in Pittsburgh, Pa., Cypress Towne Center in Houston, Texas and... More
