Kimco Realty Corporation Completes Acquisition of Atlantic Realty Trust
March 31 2006 - 4:30PM
PR Newswire (US)
NEW HYDE PARK, N.Y. and NEW YORK, March 31 /PRNewswire-FirstCall/
-- Kimco Realty Corporation (NYSE:KIM) today announced the
completion of the previously announced acquisition of Atlantic
Realty Trust (NASDAQ:ATLRS) for $81.8 million. Pursuant to the
merger, each share of beneficial interest in Atlantic Realty Trust
will be entitled to receive 0.5680 shares of Kimco common stock. As
a result of the completion of the merger, Atlantic Realty Trust
shares will no longer be listed on The Nasdaq Capital Market. About
Kimco Kimco Realty Corporation (NYSE:KIM) is a publicly traded real
estate investment trust that has specialized in shopping center
acquisitions, development and management for more than 45 years.
The Company owns and operates neighborhood and community shopping
centers with interests in 1,048 properties comprising approximately
135.8 million square feet of leasable space located throughout 44
states, Canada, Mexico and Puerto Rico. Contact: Kimco Realty
Corporation Scott Onufrey (516) 869-7190 DATASOURCE: Kimco Realty
Corporation CONTACT: Scott Onufrey of Kimco Realty Corporation,
+1-516-869-7190, Web site: http://www.kimcorealty.com/
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