Conor Flynn, CEO of Kimco Realty Corp. (NYSE: KIM), participated in a video interview at Nareit’s REITworld: 2018 Annual Conference in San Francisco.
Flynn discussed Kimco’s exposure to Sears and the ramifications of the retailer’s bankruptcy filing. Kimco currently has 14 Sears/Kmart locations with market leases that can be as much as 500 percent below market value, he said. The locations are “great areas that have been calling out for redevelopment.”
from News https://www.reit.com/news/videos/kimco-eyeing-potential-unlock-embedded-value-sears-kmart-locations
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