M&A Deal Summary

Anthem Properties Group and Kimco Realty Acquire Salish Plaza

On December 1, 2011, Anthem Properties Group and Kimco Realty acquired real estate company Salish Plaza

Acquisition Highlights
  • This is Anthem Properties Group’s 1st and Kimco Realty’s 22nd transaction in the Real Estate sector.
  • This is Anthem Properties Group’s 1st and Kimco Realty’s 9th transaction in Canada.
  • This is Anthem Properties Group’s 1st and Kimco Realty’s 4th transaction in British Columbia.

M&A Deal Summary
Date 2011-12-01
Target Salish Plaza
Sector Real Estate
Buyer(s) Anthem Properties Group
Kimco Realty
Deal Type Joint Venture

Target

Salish Plaza

Chilliwack, British Columbia, Canada
Salish Plaza, an 87,730 square foot neighbourhood shopping centre, Anchored by a 59,000 square foot PriceSmart food store and a Liquor Distribution Branch.

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Buyer(S) 2

Buyer

Anthem Properties Group

Vancouver, British Columbia, Canada
Category Company
Sector Real Estate
DESCRIPTION

Anthem Properties is a 175-person real estate investment, development and management company. The Anthem portfolio is currently comprised of over 3.5 million square feet of commercial space, 40 acres of urban and suburban land held for future development, and approximately 3,500 residential condominium units either in the design development stage or under construction.

DEAL STATS #
Overall 1 of 2
Sector (Real Estate) 1 of 2
Type (Joint Venture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 2
Year (2011) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-18 Cedarglen Homes

Calgary, Alberta, Canada

Cedarglen Homes is a home builder founded 40 years ago with a focus on high-quality, single-family homes. Cedarglen builds and sells 300+ single-family homes annually. Cedarglen Homes is based in Calgary, Alberta.

Buy -
Buyer

Kimco Realty

Jericho, New York, United States
Category Company
Sector Real Estate
Employees660
Revenue 1.8B USD (2023)
DESCRIPTION

Kimco Realty is a real estate investment trust (REIT) that owns and operates North America's major publicly traded portfolio of neighborhood and community shopping centers. Kimco Realty is based in Jericho, New York.

DEAL STATS #
Overall 22 of 38
Sector (Real Estate) 22 of 37
Type (Joint Venture) 11 of 11
State (British Columbia) 4 of 4
Country (Canada) 9 of 10
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-15 15 Property Portfolio

United States

The portfolio, which comprises approximately 2.6 million square feet, is primarily located on the West Coast of the U.S. including nine properties in California, two in both Washington and Nevada, and one each in Oregon and Maryland. The portfolio is 89.5% occupied and includes Wal-Mart, Target, TJ Maxx, CVS Pharmacy, Ross Dress for Less and Albertsons as anchor tenants.

Buy $422M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-23 Woodbridge Shopping Center

Texas, United States

Woodbridge is a 97,000-square-foot unencumbered grocery-anchored shopping center that is 96 percent occupied. In addition to the Kroger grocer, the center offers a mix of restaurants,wellness, personal and professional services, as well as fuel and convenience shopping.

Buy -
Mergr

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