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| Kimco Realty Corp. through its
subsidiary Kimco Developers, Inc. ("KDI"),
is providing partnership capital and its
development expertise on leasing,
construction and the approval process to
developers and landowners of to-be-built or
redeveloped retail centers. KDI is currently
developing 35 projects, consisting of over
4.5 Million SF, in joint ventures throughout
the country. We will commit to projects at
any stage of the development process.
Project Criteria:
- Project Type
- New development, powers centers,
supermarket community centers
- Redevelopments, lifestyle
centers, mixed-use
- Project Size
- 80,000 s.f. to 1,000,000 s.f.
- $10,000,000 to $100,000,000 in
project costs
- Location
- Metropolitan cities throughout
the U.S.
- Secondary cities with limited
entry for competition
- Structure
- Varies depending on project
size, risk and development stage
- Equity Contributions
- KDI will invest 90-100% of the
invested equity (typically 20% of
the project costs)
- Construction Loan
- Borrow maximum amount. Loans are
non-recourse to Partner
- Return on Costs
- 10.5% - 11%
- Case-by-Case – Returns can be
lower based on pre-leasing,
approvals, geographic location
- Preferred Returns
- Each partner receives Preferred
Return on Investment equity
- Pre-development Expenses
- KDI will share in
pre-development expenses
- Fees
- Paid based on each Partners’
services provided
- Due Diligence Closing
- 30-45 day due diligence period;
close simultaneously with major
tenant or tenants.
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To submit a project to Kimco Developers,
Inc. for review, please click the following
link and complete the required information:
 Submit
a project |
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