Kimco Realty Corporation (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, New York., that is one of North America's largest publicly traded owner and operator of open-air shopping centers. As of September 30, 2017, the company owned interests in 507 U.S shopping centers, comprising 84 million square feet of leasable space primarily concentrated in the top major metropolitan markets.
Publicly traded on the New York Stock Exchange (NYSE) since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years.
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History
Kimco Realty Corporation was founded in 1966 by a group of real estate investors who decided to group their shopping center assets to create a resourceful corporation. Martin Kimmel and Milton Cooper were part of the corporation's founders. Originally, Kimco Realty Corporation was focused on building its own shopping centers. During the 1980s, Cooper changed the corporation's strategy to focus on acquisitions. In 1991, Kimco became a public company in the first REIT public offering, valued at $120 million.
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Management
Milton Cooper is the company's Executive Chairman, Conor Flynn is the company's Chief Executive Officer, and Ross Cooper is the company's President and Chief Investment Officer.
Acquisitions
- 1999
- Manhasset Center (New York, NY)
- Concourse Plaza Shopping Center (New York, NY)
- 2002
- Marysville Towne Center (Marysville, WA)
- 2004
- Burke Town Plaza (Burke, VA)
- Enchanted Forest Shopping Center a retail establishment built on a historic children's theme park site in Ellicott City, Maryland.
- 2006
- Cupertino Village (Cupertino, CA)
- 2013
- Village Commons S.C. (Tallahassee, FL), January 2013
- Columbia Crossing, II (Columbia, MD), January 2013
- Roseville Plaza (Roseville, MN), January 2013
- Wilton Campus (Wilton, CT), March 2013
- 2014
- Crossroads Plaza (Cary, NC), February 2014
- Quail Corners (Charlotte, NC), March 2014
- Boston Portfolio (24 Properties), April 2014
- 2015
- Cooperfield Village (Houston, TX), February 2015
- Milleridge Inn (Jericho, NY), April 2015
- Christown Spectrum Mall (Phoenix, AZ), November 2015
- 2016
- Oakwood Plaza (Hollywood,FL), April 2016
- Jericho Atrium (Jericho, NY), April 2016
References
Source of the article : Wikipedia
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