Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 60 years. shopping centers and mixed-use assets comprising 70 million square feet of gross leasable space primarily concentrated in the top major metropolitan markets.

As of September 30, 2020, the company owned interests in 400 U.S. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y., that is one of North America's largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-used assets. To learn more about this project and how RealFoundations can help your real estate run better, please contact John Seaton, Enterprise Sales Executive | (214) 292 7166 | Kimco Building upon MRI’s flexible core product, Kimco worked with RealFoundations and MRI’s development team to implement an open and connected platform that supports their business model.īased on requirements gathered through intensive discovery work sessions, and building upon MRI’s existing functionality, automated processes and workflows were developed to support Kimco’s industry-leading budgeting, forecasting, investment modeling, accounting and property management practices. New AdvantagesĪside from the tangible, technology scope of the project, another major outcome was the efficiency created across the operating model, ultimately allotting more time for value-add activities. Similar to re-wiring a plane in-flight, Kimco personnel played a large role in capturing requirements and designing the future-state technology landscape while also carrying out their daily functions. The significant scale of technology configuration, customization development along with the sheer volume of data conversion (over 5,000 entities, 400 properties, 11,000 leases, 15,000 vendors, etc.) pushed the envelope of steadfast innovation. Migrate to Nexus’s automated procure to pay portal and workflow.Ī substantial project such as this was not without its challenges. Streamline manual processes using core product functionality Ĭonvert to ClickPay’s automated lockbox and online portal solutions and Standardize operations across business functions and regions for more efficient reporting and decision-making Reduce the number of Kimco’s disparate systems and custom integrations With the move to MRI’s platform and an eye to streamline processes, Kimco’s CIO, Tom Taddeo, and CFO, Glenn Cohen, sought to: This award comes at the close of Kimco’s MRI Commercial Management with Enhanced Accounting and Recoveries project, supported by RealFoundations and MRI Software consulting teams.

November 2020 | Aurora, CO - RealFoundations is honored to recognize Kimco Realty on their “Best Use of Automation in Retail Real Estate” Digie Award win at Realcomm’s 2020 Hybrid Event last month.

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