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NEW HYDE PARK, NY-As part of its national public strategy, retail REIT Kimco Realty Corp. is continuing to dispose of its non-strategic assets. In the first quarter of 2012, the company has sold off 15 shopping centers for $215.4 million, including the repayment of $83.7 million of mortgage debt.
Out of those properties, 13 of the assets went for $95.9 million, including the repayment of $1.3 million of mortgage debt, totaling 1.2 million square feet. Generally, the properties were in locations outside of Kimco’s target metropolitan statistical areas, according to Kimco’s VP of investor relations and corporate communications David F. Bujnicki.
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