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Kimco re-launches program to help tenants tap into $248B of new PPP assistance
Kimco Realty, an owner-operator of 400-plus neighborhood and mixed-use centers, has re-deployed the Tenant Assistant Program it introduced in the spring to assist its small-business tenants in applying for the second round of Paycheck Protection Program funds approved by Congress.
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With 90% of rents paid, Tanger reinstates its cash dividends
Like many retail real estate companies plagued by shutdowns during the pandemic, Tanger Factory Outlets suspended cash dividends to its shareholders. Now, with bolstered cash reserves of $80 million, the company has re-started making the quarterly payments.
