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Kimco Part of Cerberus Buyout Deal

Kimco Part of Cerberus Buyout Deal

Turns out one of Cerberus' co-investors in its planned buyout of the Safeway grocery chain is shopping center REIT Kimco Realty Corp. While Kimco's contribution, of approximately $90 million, is relatively small compared to the overall size of the transaction ($9.4 billion), it would give the REIT a 9.9 percent stake in the merged Albertsons/Safeway portfolio.

According to REIT.co

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