Sept 24 (Reuters) - RioCan Real Estate Investment Trust REI_u.TO :
* Riocan and Kimco announce agreement for RioCan to acquire kimco's interest in
22 Canadian properties
* Deal for C$715 million
* RioCan will assume kimco's share of the existing in place debt, of $231
million
* Says RioCan will assume kimco's share of the existing in place debt of $104
million
* Says will fund its acquisition through a combination of internal resources
and credit facilities
* Says the portfolio to be acquired will be immediately accretive
* Will assume kimco's share of existing in place debt of $127 million
* Initial closing of riocan's acquisition of kimco's interest in 19 properties
to occur by September 30 at $477 million
* Says remaining three properties will be acquired at a purchase price of $238
million
* Estate investment - transaction will be funded from a combination of internal
resources and credit facilities
* Source text for Eikon ID:nMKWntw6Sa
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