EXHIBIT 99.2

                                              Filed by Kimco Realty Corporation
                                 Pursuant to Rule 165 and Rule 425(a) under the
                               United States Securities Act of 1933, as amended

                                         Subject Company: Atlantic Realty Trust
                                                  Commission File No. 001-11455
                                                        Date: December 1, 2005

           KIMCO REALTY CORPORATION AND ATLANTIC REALTY TRUST ANNOUNCE
                                MERGER AGREEMENT

New Hyde Park, NY & New York, NY, December 1, 2005

Kimco Realty Corporation (NYSE: KIM) and Atlantic Realty Trust (NASDAQ: ATLRS)
today announced that the two companies have entered into a definitive merger
agreement.

Under the terms of the agreement, Kimco will acquire Atlantic Realty for $82.5
million plus the amount of Atlantic Realty's cash on hand at closing and certain
agreed upon lease expenses less merger expenses and other liabilities, including
certain liabilities under Atlantic Realty's tax agreement with Ramco-Gershenson
Properties Trust. On the last business day prior to closing Atlantic Realty will
declare a dividend in an amount necessary for Atlantic Realty to qualify as a
REIT. The merger consideration will be paid in shares of Kimco common stock
valued on the final full trading day immediately preceding the closing. Atlantic
Realty currently estimates that as of today it has cash on hand and has incurred
approved lease expenses of $9,667,000 and anticipates that it will have merger
expenses and other liabilities for which it is responsible of at least
$10,434,000. These amounts do not take into account the impact of future
dividends, property cash flow or additional liabilities that may be incurred
between now and the closing of the merger, none of which can be predicted with
certainty. As a result, the exact merger consideration will not be finally
determined until immediately prior to the closing. The merger is subject to
approval by Atlantic Realty shareholders and to customary closing conditions.

ABOUT KIMCO

Kimco, a publicly-traded real estate investment trust, has specialized in
shopping center acquisitions, development and management for over 45 years.
Kimco owns and operates the nation's largest portfolio of neighborhood and
community shopping centers with interests in 946 properties comprising
approximately 127.0 million square feet of leasable space located throughout 43
states, Canada and Mexico. For further information refer to the Company's web
site at http://www.kimcorealty.com.

ABOUT ATLANTIC REALTY

Atlantic Realty Trust is a Maryland real estate investment trust formed for the
purpose of liquidating its interests in real properties, its mortgage loan
portfolio and certain other assets and liabilities which were transferred to
Atlantic Realty from Ramco-Gershenson Properties Trust. The Trust owns one
retail property, the Hylan Plaza Shopping Center, located in Staten Island, New
York





FORWARD LOOKING STATEMENTS

This release contains forward-looking statements, including statements regarding
the transaction between Kimco and Atlantic Realty Trust. Such statements reflect
management's best judgment as of this date, but they involve risks and
uncertainties that could cause actual results to differ materially from those
presented. Factors that could cause such differences include, without
limitation: (1) the possibility that shareholder approvals may be delayed or
denied or the other conditions to the transaction are not met; (2) the
possibility that the transaction is never consummated, (3) changes in Atlantic
Realty's cash position or the amount of its merger expenses and other
liabilities, and (4) other factors described in Kimco's and Atlantic Realty
Trust's recent filings with the Securities and Exchange Commission. Those
factors or others could result, for example, in delay or termination of the
transaction discussed above. Readers should carefully consider those risks and
uncertainties in reading this release. Except as otherwise required by law,
Kimco and Atlantic Realty disclaim any obligation to update any forward-looking
statements included herein to reflect future events or developments.

ADDITIONAL INFORMATION

In connection with the proposed transaction, Atlantic Realty will file a proxy
statement with the Securities and Exchange Commission and Kimco will file a
registration statement on Form S-4. Atlantic Realty stockholders should read the
joint proxy statement-prospectus when it becomes available because it will
contain important information about Atlantic Realty, Kimco and the proposed
transaction. Investors can obtain the joint proxy statement-prospectus and other
relevant documents, including the merger agreement relating to the proposed
transaction, without charge at the SEC's internet website at HTTP://WWW.SEC.GOV.

Proxies may be solicited on behalf of Atlantic Realty by members of its Board of
Trustees and executive officers. Information about such persons can be found in
Atlantic Realty's definitive proxy statement relating to its 2005 Annual Meeting
of Stockholders, which is available without charge at the U.S. Securities and
Exchange Commission's (SEC) internet website at HTTP://WWW.SEC.GOV. Additional
information regarding the interests of Atlantic Realty's directors and executive
officers in the proposed merger will be included in the final joint proxy
statement-prospectus.



Kimco Contact:                                  Atlantic Realty Contact:
Scott G. Onufrey                                Edwin Frankel
Vice President - Investor Relations             Chief Financial Officer
516-869-7190                                    212-702-8561