Stamford, Conn. – Locally based GE Capital Real Estate and New Hyde Park, N.Y.-based Kimco Realty Corp. have formed a joint venture to acquire established, high-potential retail properties in the United States.

The initial funding for the Kimco Retail Opportunity Portfolio, as this new nationwide venture is called, consists of a shared equity pool established by both companies. Kimco will handle the management and leasing of properties acquired by the joint venture.