Kimco Realty
Kimco Realty is a real estate investment trust that owns and operates North America’s largest portfolio of neighborhood and community shopping centers. Its portfolio is concentrated in suburban metropolitan areas, including coastal markets and expanding Sun Belt cities, with a tenant mix anchored by essential goods and services that attract frequent visits. The company holds interests in hundreds of shopping centers, totaling about 101 million square feet across major markets in the United States.
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Past deals in REIT
Weingarten Realty Investors
Acquisition in 2021
Weingarten Realty is a self-advised real estate investment trust (REIT) that focuses on the ownership, acquisition, and development of neighborhood shopping centers. Founded in 1948, the company manages a diversified portfolio of over 300 retail properties across 22 states, with significant concentrations in Texas, Florida, and California, which together account for 67% of its rental income. As of the latest reports, Weingarten maintains an economic occupancy rate of 91.2%, with a majority of its tenants being national or regional retailers. The company’s structure is distinguished by a notable level of insider ownership, with 9% of its shares held by management, surpassing the industry average. This strategic positioning allows Weingarten to effectively navigate the retail real estate market while providing stable returns.
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