Kimco Realty Corp. (NYSE:KIM), the nation’s largest owner and operator
of neighborhood and community shopping centers, announced that it is a
participant in the transaction reported earlier today by SUPERVALU INC.
(NYSE:SVU) through its investment in a consortium led by Cerberus
Capital Management, L.P. The company will hold an interest of
approximately 15 percent in this investment group that originally
acquired a portion of Albertsons, Inc. in 2006. Kimco anticipates
funding its investment of up to $76.5 million from existing cash
balances, existing credit facilities and cash from operations.
Commenting on the transaction, Kimco CEO Dave Henry said, “We are
excited about adding to our successful investment in Albertsons which
will reunite all of the Albertsons stores, and expand the proven
management skills of Bob Miller and his team to the other SUPERVALU
brands and operations.”
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 Sept. 30, 2012, the company owned interests in 922
shopping centers comprising 135 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.
