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Kimco Agrees to $3.87 Billion Purchase of Weingarten Realty and Its Hefty Sun Belt Portfolio

Deal Expands Kimco’s Footprint by 30%, Boosting the REIT to Top Tier of Open-Air Grocery Center Owners
Weingarten Realty Investors’ Scottsdale Waterfront in Arizona is among the properties set to be acquired by Kimco Realty. (CoStar)
Weingarten Realty Investors’ Scottsdale Waterfront in Arizona is among the properties set to be acquired by Kimco Realty. (CoStar)
By Jennifer Waters
CoStar News
April 15, 2021 | 2:51 P.M.

Kimco Realty took a big leap to expand its open-air, grocery-anchored footprint with an agreement to purchase Weingarten Realty Investors and its heavy Sun Belt portfolio for $3.87 billion.

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