Kimco Buys Out JV Partner in Four-Property Retail Portfolio in GA, PA, TX, VA for $170.7M

As part of its ongoing effort to reduce exposure to joint ventures, Kimco Realty Corp. (NYSE: KIM) has acquired the remaining 85% interest in a four-property joint-venture portfolio for $170.7 million, which includes the assumption of $103 million in mortgage debt. New Hyde Park, NY-based Kimco also prepaid $26 million in mortgage debt associated with the acquired portfolio, which includes Perimeter Expo, a 175,835-square-foot power center in…

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