X0202 4 2005-05-16 0 0000012779 BLUE RIDGE REAL ESTATE CO BLRGZ 0001328236 KC Holdings, Inc. 3333 NEW HYDE PARK ROAD SUITE 100 NEW HYDE PARK NY 11042 0 0 1 0 Common Stock 2005-05-16 4 M 0 18291 38.00 A 86094 D Subscription Rights (right to buy) 38.00 2005-05-16 4 M 0 18291 0 D 2005-05-16 2005-05-16 Common Stock 18291 0 D KC Holdings, Inc. ("KC Holdings") may be deemed to be a 10% owner by reason of its joint filing on Schedule 13D with Kimco Realty Corporation ("Kimco"), Kimco Realty Services, Inc. ("Services") and Milton Cooper under Section 13(d) of the Securities Exchange Act of 1934, as amended. KC Holdings disclaims beneficial ownership of shares of Common Stock owned by Kimco, Services and Mr. Cooper. Milton Cooper, President of KC Holdings, Inc. 2005-05-20