Kite Realty Buying $307 Million Retail Portfolio

Source:  CoStar

Kite Realty Group Trust (NYSE: KRG) is significantly expanding its retail property portfolio in four states with a deal to acquire nine properties totaling approximately two million square feet for $307 million in cash. The Indianapolis-based retail REIT is funding the purchase through net proceeds from a common share offering as well as cash on hand, the expected proceeds from the sale of two retail properties Kite is currently marketing for sale...

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