Kimco will unwind $1.2B plan focusing on downtown areas

10/18/2011 | Wall Street Journal, The

Kimco Realty is pulling back from plans to invest $1.2 billion in downtown areas and in alternative ventures and will sell some of the properties it acquired as part of this strategy. The REIT says it realized it doesn't have the expertise for this niche. "We are better served concentrating on our historic strengths," said David Henry, Kimco's chief executive.

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Wall Street Journal, The

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