M&A Deal Summary

Kimco Realty Acquires Waterford Lakes Town Center

On October 1, 2024, Kimco Realty acquired real estate company Waterford Lakes Town Center for 322M USD

Acquisition Highlights
  • This is Kimco Realty’s 37th transaction in the Real Estate sector.
  • This is Kimco Realty’s 6th largest (disclosed) transaction.
  • This is Kimco Realty’s 28th transaction in the United States.
  • This is Kimco Realty’s 2nd transaction in Florida.

M&A Deal Summary
Date 2024-10-01
Target Waterford Lakes Town Center
Sector Real Estate
Buyer(s) Kimco Realty
Deal Type Add-on Acquisition
Deal Value 322M USD

Target

Waterford Lakes Town Center

Orlando, Florida, United States
Waterford Lakes Town Center specializes in providing a comprehensive shopping and lifestyle experience with a focus on retail, dining, entertainment, and wellness services. Waterford Lakes Town Center is based in Orlando, Florida.

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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 38 of 38
Sector (Real Estate) 37 of 37
Type (Add-on Acquisition) 19 of 19
State (Florida) 2 of 2
Country (United States) 28 of 28
Year (2024) 1 of 1
Size (of disclosed) 6 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-30 24-Property Retail Portfolio In New England

United States

The 1.4-million-square-foot, 96-percent-occupied portfolio includes 17 shopping centers in the Boston metropolitan area, marking a significant expansion for the company in this desirable retail market with attractive infill locations and a large consumer base

Buy $270M
Mergr

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