RioCan to buy 22 properties from Kimco; ends joint venture

September 24, 2015 2:29 PM

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Sept 24 Canada's RioCan Real Estate Investment Trust will end a joint venture with Kimco Realty Corp and buy its stake in 22 Canadian properties for C$715 million ($533.66 million).

The 15-year-old joint venture managed 35 properties in Canada, including three that were previously occupied by Target Corp, the companies said in a joint statement.

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