Kimco Realty Completes the Sale of a Nine-Property Mexican Shopping Center Portfolio

  Kimco Realty Completes the Sale of a Nine-Property Mexican Shopping Center
  Portfolio

Business Wire

NEW HYDE PARK, N.Y. -- May 20, 2013

Kimco Realty Corp. (NYSE: KIM) today announced it has closed on the sale of a
nine-property Mexican shopping center portfolio to a local real estate
operator for a gross sales price of 3.35 billion Mexican pesos (US$274
million), including 573 million Mexican pesos (US$47 million) of mortgage
debt. Kimco held a 47.6 percent interest in this portfolio which comprised 2.6
million square feet and was 91 percent occupied. The company’s share of
proceeds from this transaction were approximately US$93 million with Kimco
recognizing a gain on sale of operating properties of approximately US$26
million.

With the sale of these nine properties, Kimco’s remaining Mexican shopping
center portfolio comprises 47 properties totaling 9.4 million square feet.

ABOUT KIMCO

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT)
headquartered in New Hyde Park, N.Y., that owns and operates North America’s
largest portfolio of neighborhood and community shopping centers. As of March
31, 2013, the company owned interests in 895 shopping centers comprising 131
million square feet of leasable space across 44 states, Puerto Rico, Canada,
Mexico and South America. Publicly traded on the NYSE since 1991, and included
in the S&P 500 Index, the company has specialized in shopping center
acquisition, development and management for more than 50 years. For further
information, please visit www.kimcorealty.com, the company’s blog at
blog.kimcorealty.com, or follow Kimco on Twitter at
www.twitter.com/kimcorealty.

Contact:

Kimco Realty Corp.
David F. Bujnicki, 1-866-831-4297
Vice President, Investor Relations and Corporate Communications
dbujnicki@kimcorealty.com
 
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