WASHINGTON (dpa-AFX) - Kimco Realty Corporation (KIM) Wednesday said it has
disposed ten former RPT Realty properties for about $248 million, as they were
not helpful in achieving the company's long-term investment goals.

As part of these sales, Kimco invested approximately $67 million under its
Structured Investment program on seven of the properties and expects to earn a
10% blended return on them.

With these sales, the company said, it has achieved its 2024 disposition target
for former RPT properties.

'These centers, which were primarily power centers, were prioritized for
disposition due to lower growth, higher risk profiles and/or the need for
significant capital commitments, which were inconsistent with our long-term
investment objectives,' commented Kimco CEO Conor Flynn.



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