Kimco Announces Buyout of Waterford Lakes Town Center for $322M

Kimco Realty (KIM) recently announced the acquisition of Waterford Lakes Town Center for $322 million in Orlando, FL, which includes the assumption of a $164 million mortgage.The purchase of Waterford Lakes enhances this retail real estate investment trust’s (REIT) position in the Orlando market, increasing its portfolio to 18 centers with a total of more than four million square feet of gross leasable area.This 976,000-square-foot property, encompassing 79 acres, is approximately 99% occupied. The property ...