Kimco Realty purchased six shopping centers and a pair of retail parcels for $221 million in 2013's first quarter. The REIT also took part in a consortium that acquired from SUPERVALU 877 grocery locations.
RioCan REIT will purchase Kimco Realty Corp.'s 50% stake in Brentwood Village and RioCan Grand Park in Canada. The investment is part of a larger deal in which Kimco will purchase RioCan's 80% interest in a Fort Worth, Texas, property for $58.3 million.
Kimco Realty is selling a four-property shopping-center portfolio in Mexico to its local operating partner, Planigrupo, for $92 million. The properties are an aggregate 1.1 million square feet. The sale is expected to close in the fourth quarter.