TrafficCourt

Kimco Part of Cerberus Buyout Deal

RSS

Turns out one of Cerberus' co-investors in its planned buyout of the Safeway grocery chain is shopping center REIT Kimco Realty Corp. While Kimco's contribution, of approximately $90 million, is relatively small compared to the overall size of the transaction ($9.4 billion), it would give the REIT a 9.9 percent stake in the merged Albertsons/Safeway portfolio. According to REIT.com: Paul Morgan, an analyst with MLV & Co., said Kimco’s participation in the Safeway ...

NREIonline.com Freemium Content

"Kimco Part of Cerberus Buyout Deal" is FREE to access as a registered user on NREIonline.com.

Why Register for NREIonline? It's simple and free, and here is what you get:

  • Access to leading real estate industry research.
  • Interactive rankings of commercial real estate professionals.
  • Submit your own articles, (if approved) which will appear around the site.
  • Ability to comment and interact on all site content.

Already registered? here.

Please or Register to post comments.

What's TrafficCourt?

Industry news, views and occasional strange stuff.

Contributors

Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
Blog Archive
National Real Estate Investor Related Sites

Sponsored Introduction Continue on to (or wait seconds) ×