Kimco Realty

Kimco Realty Corporation
Public
Traded as NYSE: KIM
S&P 500 Component
Industry Real Estate Investment Trust
Founded 1958
Headquarters New Hyde Park, New York, United States
Key people
 Milton Cooper, Chairman and Conor Flynn, CEO
Revenue $1,201 Million USD (2017)
$372 Million USD (2017)
Number of employees
 546 (2017)
Website www.kimcorealty.com

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 June 30, 2018, the company owned interests in 460 U.S. shopping centers, comprising 79 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 60 years.

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.[1] In 1991, Kimco became a public company in the first REIT public offering, valued at $120 million.[2]

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.[3]

Acquisitions

1999
  • Manhasset Center (New York, NY)[4]
  • Concourse Plaza Shopping Center (New York, NY)[4]
2002
  • Marysville Towne Center (Marysville, WA)[5]
2004
2006
  • Cupertino Village (Cupertino, CA)[7]
2013[8]
  • 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[9]
  • Crossroads Plaza (Cary, NC), February 2014
  • Quail Corners (Charlotte, NC), March 2014
  • Boston Portfolio (24 Properties), April 2014
2015 [10]
  • Cooperfield Village (Houston, TX),[11] February 2015
  • Milleridge Inn (Jericho, NY),[12] April 2015
  • Christown Spectrum Mall (Phoenix, AZ),[13] November 2015
2016 [10]
  • Oakwood Plaza (Hollywood,FL),[14] April 2016
  • Jericho Atrium (Jericho, NY),[15] April 2016

References

  1. ↑ Funding Universe: Kimco Realty Corporation, Funding Universe
  2. ↑ Dorothy Pomerantz, Dorothy (March 10, 2008). "Beyond The Big Box". Forbes.
  3. ↑ "Kimco Realty". Kimco Realty. Retrieved 13 August 2018.
  4. 1 2 Kimco Realty Purchases Pair Of Shopping Centers, Newsday, 8 January 1999
  5. ↑ Kimco Realty buys Marysville Towne Center, Seattle Pi, 20 Septembre 2002
  6. ↑ Amanda Yeager (5 November 2013). "New construction on site of Enchanted Forest". The Baltimore Sun.
  7. ↑ Kimco Realty affiliate buys Cupertino Village for $65M, Silicon Valley Business Journal, 19 March 2006
  8. ↑ "Kimco Realty". Quarterly Supplemental.
  9. ↑ "Kimco Realty" (PDF). Investors.kimcorealty.com. Retrieved 13 August 2018.
  10. 1 2 "Kimco Realty". Kimco Realty. Retrieved 13 August 2018.
  11. ↑ "Houston TX: Copperfield Village - Retail Space - Kimco Realty". Kimcorealty.com. Retrieved 13 August 2018.
  12. ↑ "Jericho NY: Milleridge Inn - Retail Space - Kimco Realty". Kimcorealty.com. Retrieved 13 August 2018.
  13. ↑ "Phoenix AZ: Christown Spectrum - Retail Space - Kimco Realty". Kimcorealty.com. Retrieved 13 August 2018.
  14. ↑ "Hollywood FL: Oakwood Plaza North and South - Retail Space - Kimco Realty". Kimcorealty.com. Retrieved 13 August 2018.
  15. ↑ "Jericho NY: Jericho Atrium - Retail Space - Kimco Realty". Kimcorealty.com. Retrieved 13 August 2018.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.