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KEYS Program

KEYS Program. North America’s Largest Owner & Operator of Neighborhood & Community Shopping Centers. Who is Kimco?. History Started in 1958 | IPO that initiated modern REIT era; NYSE-listed for ~20 years | S&P 500 Index (2006) Dividend $0.76 annually , ~3.9% yield (3/31/12)

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KEYS Program

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  1. KEYS Program

  2. North America’s Largest Owner & Operatorof Neighborhood & CommunityShoppingCenters. Who is Kimco? HistoryStarted in 1958 | IPO that initiated modern REIT era; NYSE-listed for ~20 years | S&P 500 Index (2006) Dividend$0.76 annually, ~3.9% yield (3/31/12) Shopping Center Properties946 properties; 138.1M / 89.5M sq. ft. (gross/pro-rata) Geographic Footprint 44 states, Puerto Rico, Canada, Mexico and South America Occupancy (pro-rata)5-year average: 93.9% | High: 96.3% (12/31/07) / Low: 92.3% (6/30/09) Enterprise Value$13.2B (3/31/12) Credit RatingInvestment Grade  BBB+ | BBB+ | Baa1 (S&P | Fitch | Moody’s)

  3. Westlake Shopping Center - Daly City, CA Kimco Entrepreneurs Year Start What is KEYS? • Kimco Entrepreneurs Year Start (KEYS) is a business incubator program for qualified startup entrepreneurs. • Approved applicants receive:• Resources and services • One year of free rent (must pay NNN expenses only) • This incentive accelerates the growth of their new businesses in shopping centers owned by Kimco and its joint venture partners.

  4. Redhawk Towne Center – Temecula, CA Kimco Entrepreneurs Year Start What does KEYS offer? • Qualified KEYS applicants will benefit from: • Substantially lower monthly overhead expenses • Lease term flexibility • Assistance of a Kimco counselor• Counselor will advise and guide potential tenant through the lease, store selection and planning process, if desired.• After Tenant’s initial first year lease term, the tenant has choice to exercise a four-year lease option for the existing store. • Also, the lease provides for an easy exit with no long term obligation to Kimco if the startup entrepreneur finds the business unworkable.

  5. Larwin Square Shopping Center – Tustin, CA Kimco Entrepreneurs Year Start How many spaces are available? • Currently, there are approximately: • 100 available stores• All under 2,500 square feet in size • Located in Kimco’s demographically diversifiedCalifornia portfolio• Of the 100 available units, there is a mixture of both retail, service, and former restaurant build-outs.

  6. KEYS Locations

  7. The District at Tustin Legacy – Tustin, CA Kimco Entrepreneurs Year Start Who can apply to KEYS? • KEYS is open to:• New startup retail ventures • Service operations • Restaurants • The entrepreneur should have the training, skill, enthusiasm, and adequate funding to launch a new business. • Franchisees or product license agreement participants may not apply to the program.

  8. The District at Tustin Legacy – Tustin, CA Kimco Entrepreneurs Year Start What’s the catch? • There is NO catch! • Kimco benefits by bringing new and exciting tenants to its vacancies, while new entrepreneurs benefit from lower startup costs, favorable lease terms, and the help of a counselor, if desired.•Studies found that 87% of ‘incubator graduates’ stayed in business, in contrast to 44% of all firms.

  9. Westlake Shopping Center - Daly City, CA How do I get started? Kimco Entrepreneurs Year Start • Applicants can submit their business plan online at http://www.KimcoKeys.com • Applicants may also apply by calling 1-888-668-1690 • A printable application form can be found online by clicking here

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