RPT Realty

Bain Capital Real Estate and 11North Partners Form Joint Venture to Invest in Open-Air Retail Centers

Retrieved on: 
Wednesday, April 3, 2024
Professional Services, Retail, Other Retail, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, Burger King, Prevalence, Kimco Realty, Partnership, D2C, History, Great, RPT Realty, RPT

Bain Capital Real Estate (“Bain Capital”) and 11North Partners (“11North”), a retail focused investment platform, today announced the formation of a strategic partnership to acquire and operate open-air retail centers throughout the U.S. and Canada.

Key Points: 
  • Bain Capital Real Estate (“Bain Capital”) and 11North Partners (“11North”), a retail focused investment platform, today announced the formation of a strategic partnership to acquire and operate open-air retail centers throughout the U.S. and Canada.
  • 11North was founded by CEO Brian Harper, a 25-year real estate industry veteran with significant retail experience.
  • “Today, open-air retail centers benefit from a confluence of tailwinds and strong real estate fundamentals that create an attractive risk-return opportunity,” said Mr. Harper.
  • We believe there are clear, emerging thematics that support the winning brands, retailers, and commercial real estate of tomorrow.

Kimco Realty® Announces First Quarter Transaction Activity Highlighted by the Sale of Ten Former RPT Properties for $248 Million

Retrieved on: 
Wednesday, March 27, 2024
Architecture, Professional Services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Data Analytics, Other Professional Services, Urban Planning, Building Systems, REIT, Finance, Kimco Realty, RPT, Investment, RPT Realty, Sale, Growth, Reinsurance

Kimco Realty® (NYSE: KIM) today announced the disposition of ten former RPT Realty (RPT) properties for an aggregate price of $248 million.

Key Points: 
  • Kimco Realty® (NYSE: KIM) today announced the disposition of ten former RPT Realty (RPT) properties for an aggregate price of $248 million.
  • As part of these sales, Kimco invested approximately $67 million under its Structured Investment program on seven of the properties and expects to earn a 10% blended return on these investments.
  • With these sales, the company has achieved its 2024 disposition target for former RPT properties.
  • “We are very pleased to have completed, ahead of schedule, the sales of the former RPT properties we identified in our underwriting.

Kimco Realty® Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 8, 2024
REIT, Retail, Commercial Building & Real Estate, Supermarket, Construction & Property, Security (finance), Class, Growth, Table, GAAP, FFO, Bed Bath & Beyond, N class, Operation, Kimco Realty, RPT Realty, FMV, Investment, Bed, Acquisition, NOI, ACI, Sale, RPT, Share repurchase

Kimco Realty® (NYSE: KIM), North America’s largest publicly listed owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, today reported results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Kimco Realty® (NYSE: KIM), North America’s largest publicly listed owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, today reported results for the fourth quarter and full year ended December 31, 2023.
  • “We ended the year with strong results, including leasing an impressive 2.7 million square feet, and achieving positive net absorption and double-digit leasing spreads for the quarter,” said Kimco CEO Conor Flynn.
  • FFO was $239.4 million, or $0.39 per diluted share, compared to $234.9 million, or $0.38 per diluted share, for the fourth quarter of 2022.
  • FFO for the fourth quarter of 2023 included $1.0 million of merger-related charges.

Kimco Realty Corporation Announces 2023 Dividend Tax Treatment for RPT Realty Investors

Retrieved on: 
Thursday, February 1, 2024
Architecture, Commercial Building & Real Estate, Construction & Property, Building Systems, Urban Planning, REIT, Other Construction & Property, Residential Building & Real Estate, Indian stock exchange, RPT Realty, CUSIP

Kimco Realty® (“Kimco” or the “Company”) (NYSE: KIM), North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, announced today the allocations of RPT Realty Investors’ 2023 dividend distributions on its common stock and preferred stock.

Key Points: 
  • Kimco Realty® (“Kimco” or the “Company”) (NYSE: KIM), North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, announced today the allocations of RPT Realty Investors’ 2023 dividend distributions on its common stock and preferred stock.
  • The allocations as they will be reported on Form 1099-DIV are as follows:
    Common Shares (CUSIP #’s 74971D 101, 751452103 and 751452202)

Kimco Realty® Closes Acquisition of RPT Realty

Retrieved on: 
Tuesday, January 2, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Partnership, Acquisition, Lazard, RPT Realty, RPT, Net income, Growth, FFO

Kimco Realty® (“Kimco” or the “Company”) (NYSE: KIM), North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, today announced the completion of its previously announced acquisition of RPT Realty (“RPT”).

Key Points: 
  • Kimco Realty® (“Kimco” or the “Company”) (NYSE: KIM), North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, today announced the completion of its previously announced acquisition of RPT Realty (“RPT”).
  • The acquisition of RPT adds 56 open-air shopping centers, 43 of which are wholly owned, comprising 13.3 million square feet of gross leasable area, to Kimco’s existing portfolio of 527 properties.
  • J.P. Morgan acted as exclusive financial advisor and Wachtell, Lipton, Rosen & Katz acted as legal advisor to Kimco in connection with the acquisition.
  • Lazard acted as exclusive financial advisor and Goodwin Procter LLP acted as legal advisor to RPT.

RPT Realty Shareholders Approve Mergers

Retrieved on: 
Tuesday, December 12, 2023
Sub, Partnership, Plan, Beneficial interest, Agreement, RPT Realty, Special, RPT, Security (finance), Mergers and acquisitions

NEW YORK, Dec. 12, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that, at a special meeting of the shareholders of RPT (the “Special Meeting”), the RPT shareholders approved the proposal necessary for the closing of the previously announced mergers pursuant to the Agreement and Plan of Merger, dated as of August 28, 2023 (the “Merger Agreement”), by and among Kimco Realty Corporation (“Kimco”), Kimco Realty OP, LLC, a Delaware limited liability company and wholly owned subsidiary of Kimco (“Kimco OP”), Tarpon Acquisition Sub, LLC, a Delaware limited liability company and a direct wholly owned subsidiary of Kimco (“Merger Sub”), Tarpon OP Acquisition Sub, LLC, a Delaware limited liability company and direct wholly owned subsidiary of Kimco OP (“OP Merger Sub”), RPT and RPT Realty, L.P., a Delaware limited partnership (“RPT OP”), whereby (i) OP Merger Sub will merge with and into RPT OP, with RPT OP surviving the partnership merger (the “Partnership Merger”), (ii) RPT will merge with and into Merger Sub (the “Company Merger” and, together with the Partnership Merger, the “Mergers”), with Merger Sub surviving the Company Merger as a wholly owned subsidiary of Kimco and (iii) immediately after the Company Merger, Kimco will contribute all outstanding membership interests of Merger Sub to Kimco OP.

Key Points: 
  • NEW YORK, Dec. 12, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that, at a special meeting of the shareholders of RPT (the “Special Meeting”), the RPT shareholders approved the proposal necessary for the closing of the previously announced mergers pursuant to the Agreement and Plan of Merger, dated as of August 28, 2023 (the “Merger Agreement”), by and among Kimco Realty Corporation (“Kimco”), Kimco Realty OP, LLC, a Delaware limited liability company and wholly owned subsidiary of Kimco (“Kimco OP”), Tarpon Acquisition Sub, LLC, a Delaware limited liability company and a direct wholly owned subsidiary of Kimco (“Merger Sub”), Tarpon OP Acquisition Sub, LLC, a Delaware limited liability company and direct wholly owned subsidiary of Kimco OP (“OP Merger Sub”), RPT and RPT Realty, L.P., a Delaware limited partnership (“RPT OP”), whereby (i) OP Merger Sub will merge with and into RPT OP, with RPT OP surviving the partnership merger (the “Partnership Merger”), (ii) RPT will merge with and into Merger Sub (the “Company Merger” and, together with the Partnership Merger, the “Mergers”), with Merger Sub surviving the Company Merger as a wholly owned subsidiary of Kimco and (iii) immediately after the Company Merger, Kimco will contribute all outstanding membership interests of Merger Sub to Kimco OP.
  • The final voting results will be reported on a Form 8-K filed with the Securities and Exchange Commission by RPT with respect to the Special Meeting.
  • The Mergers are expected to close on January 2, 2024, subject to the satisfaction or waiver of customary closing conditions.
  • Upon completion of the Mergers, the common stock of the combined company will trade under the ticker symbol “KIM” on the NYSE, and RPT’s common shares will be delisted from the NYSE.

STOCKHOLDER ALERT: The M&A Class Action Firm Continues Investigating the Merger – PFIN, RPT, PCTI, CSTR

Retrieved on: 
Tuesday, December 5, 2023
Empire, Amphenol, Sale, Monteverde, TEL, RPT Realty, Kimco Realty, RPT, CSTR, PCTI, Old National Bank, Security (finance)

Under the terms of the agreement, PFIN shareholders are expected to receive $13.00 in cash per share they own.

Key Points: 
  • Under the terms of the agreement, PFIN shareholders are expected to receive $13.00 in cash per share they own.
  • RPT Realty (NYSE: RPT ), relating to its proposed merger with Kimco Realty.
  • Under the terms of the agreement, RPT shareholders are expected to receive 0.6049 shares of Kimco per share they own.
  • Under the terms of the agreement, CSTR shareholders will receive 1.155 shares of Old National per share they own.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates JVA, SMMF, RPT

Retrieved on: 
Thursday, November 23, 2023
RPT Realty, Kimco Realty, Advertising, RPT, Fraud, Sale, Security (finance)

If you are a Coffee shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Coffee shareholder, click here to learn more about your rights and options .
  • RPT Realty (NYSE: RPT)’s sale to Kimco Realty for 0.6049 of a newly-issued Kimco share for each RPT share.
  • If you are a RPT shareholder, click here to learn more about your rights and options .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

ALERT: The M&A Class Action Firm Continues Investigating the Merger – FRLN, CSTR, PCTI, RPT

Retrieved on: 
Wednesday, November 22, 2023
Empire, Amphenol, Sale, Monteverde, RPT Realty, Therapy, Kimco Realty, RPT, CSTR, PCTI, Old National Bank, Security (finance)

Under the terms of the agreement, FRLN shareholders will receive $6.50 in cash per share they own.

Key Points: 
  • Under the terms of the agreement, FRLN shareholders will receive $6.50 in cash per share they own.
  • Under the terms of the agreement, CSTR shareholders will receive 1.155 shares of Old National per share they own.
  • RPT Realty (NYSE: RPT ), relating to its proposed merger with Kimco Realty.
  • Under the terms of the agreement, RPT shareholders are expected to receive 0.6049 shares of Kimco per share they own.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates JVA, SMMF, RPT, LAB

Retrieved on: 
Saturday, November 18, 2023
Sale, NYSE, Advertising, SomaLogic, Standard BioTools, Fraud, Standard, Kimco Realty, RPT Realty, RPT, Security (finance), Coffee

If you are a Coffee shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Coffee shareholder, click here to learn more about your rights and options .
  • If you are a Summit shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.