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Blackstone Buys UBS Interest in Two Kimco Joint Ventures in $1.1B Deal

2013-02-07 20:01:00| National Real Estate Investor

Kimco reached a preliminary agreement with Blackstone to increase its ownership stake in the ventures from 18 percent to 33 percent. Kimco currently serves as the operating partner in the ventures, in addition to providing management and leasing services for the properties.

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