Weingarten acquisition brings new opportunities for Kimco Realty

With Kimco Realty Corp.’s (NYSE: KIM) acquisition of Houston-based Weingarten Realty Investors (NYSE: WRI), Houston will become a major market for the New York-based company.

In an investor call April 15, Kimco CEO Conor Flynn said that 82% of Kimco rent will come from Sun Belt markets, including 9% from Houston alone, making it Kimco’s third-biggest market after the deal closes. Comparable metro areas for Kimco include Baltimore and Washington, D.C.; Miami and Fort Lauderdale, Florida; and…