M&A Deal Summary

Kimco Realty Acquires Weingarten Realty

On April 15, 2021, Kimco Realty acquired real estate company Weingarten Realty

Acquisition Highlights
  • This is Kimco Realty’s 37th transaction in the Real Estate sector.
  • This is Kimco Realty’s 28th transaction in the United States.
  • This is Kimco Realty’s 2nd transaction in Texas.

M&A Deal Summary

Date 2021-04-15
Target Weingarten Realty
Sector Real Estate
Buyer(s) Kimco Realty
Deal Type Merger
Advisor(s) J.P. Morgan Securities (Financial)
Dentons (Legal)

Target

Weingarten Realty

Houston, Texas, United States
Weingarten Realty is a real estate investment trust with 315 income-producing properties in 18 states that spans the southern part of the United States from coast to coast. Weingarten Realty is based in Houston, Texas.

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Buyer(S) 1

Buyer

Kimco Realty

Jericho, New York, United States

Category Company
Sector Real Estate
Employees717
Revenue 2.0B USD (2024)
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 39
Sector: Real Estate M&A 37 of 38
Type: Merger M&A Deals 2 of 2
State: Texas M&A 2 of 2
Country: United States M&A 28 of 29
Year: 2021 M&A 1 of 1
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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 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.

Buy $322M