M&A Deal Summary

Kimco Realty Acquires Mid-Atlantic Realty Trust

On October 1, 2003, Kimco Realty acquired real estate company Mid-Atlantic Realty Trust for 700M USD

Acquisition Highlights
  • This is Kimco Realty’s 14th transaction in the Real Estate sector.
  • This is Kimco Realty’s 4th largest (disclosed) transaction.
  • This is Kimco Realty’s 6th transaction in the United States.
  • This is Kimco Realty’s 1st transaction in Maryland.

M&A Deal Summary
Date 2003-10-01
Target Mid-Atlantic Realty Trust
Sector Real Estate
Buyer(s) Kimco Realty
Deal Type Add-on Acquisition
Deal Value 700M USD

Target

Mid-Atlantic Realty Trust

Lutherville Timonium, Maryland, United States
Mid-Atlantic Realty Trust operates as a fully integrated and self-administered real estate investment trust (REIT).MART owns equity interests in 41 operating shopping centers, 36 of which are wholly owned and four of which are under redevelopment or expansion.

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Buyer(S) 1

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 14 of 38
Sector (Real Estate) 14 of 37
Type (Add-on Acquisition) 6 of 19
State (Maryland) 1 of 3
Country (United States) 6 of 28
Year (2003) 2 of 2
Size (of disclosed) 4 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-12 Langley Power Centre

Langley, British Columbia, Canada

Langley Power Centre, is a 228,000 square foot unenclosed new format retail centre. Tenants of this 100% occupied centre include some of Canada's leading retailers, such as Winners, Michaels, Future Shop, Office Depot, Golf Town and Forzanis.

Buy $43M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-21 Price Legacy

San Diego, California, United States

Price Legacy Corp.operates as a real estate investment trust (REIT). Company engages in the operation, acquisition, sale, and development of real estate properties, primarily open-air shopping centers in the United States.

Buy $1.2B
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