Kimco Realty Corporation (NYSE:KIM) acquired a multi-generationally-owned portfolio of eight Long Island, New York shopping centers for approximately $460 million on November 9, 2022. The acquisition was funded by the issuance of a combination of cash and redeemable units and the assumption of $88.8 million of 4.1% mortgage debt with a remaining term of approximately six years.

Kimco Realty Corporation (NYSE:KIM) completed the acquisition of a multi-generationally-owned portfolio of eight Long Island, New York shopping centers for approximately on November 9, 2022.