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Kite to Buy Inland Diversified in $1.2B Deal

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Just a few days after we discussed the potential wave of mergers and acquisitions in the REIT space with American Realty Capital CEO Nicholas Schorsch, news emerged that shopping center REIT Kite Realty Group struck a deal to buy Inland Diversified, a non-traded REIT, in a $1.2 billion transaction. The transaction will double the size of Kite's portfolio to approximately 20 million sq. ft. and 131 properties, according to Bloomberg News. It will also allow Kite to enter new markets, such ...

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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