User:Twmbarlwm/sandbox
| File:Kitelogo.png | |
| Company type | Public company |
|---|---|
| NYSE: KRG S&P 500 Index component | |
| Industry | Real estate investment trust |
| Founded | 1960 |
| Headquarters | 30 South Meridian, Suite 1100 Indianapolis, Indiana |
Key people | John A. Kite, Chairman & CEO Thomas K. McGowan, President and COO Heath Fear, EVP, CFO Scott E. Murray, EVP, General Counsel Wade Achenbach, EVP Portfolio Management |
| Products | Shopping Centers |
| Revenue |  $358.8 million (2017) |
| $11.9 million (2017) | |
| Total assets | $3.5 billion (2017) |
| Total equity | $1.6 billion (2017) |
Number of employees | 147 (2017) |
| Website | www |
| Footnotes / references Cite error: The <ref> tag has too many names (see the help page). | |
Kite Realty Group is a real estate investment trust (REIT) based in Indianapolis, Indiana. As of June 30, 2018, the company owned 115 properties comprising 22.5 million square feet of space, 80% are neighborhood and community centers that are anchored by groceries or otherwise contain convenience oriented businesses[1].
History
[edit]In 1960, the company was founded by Al Kite as a painting, drywall, and construction business[2]. During the 1980s into the 1990s the company transitioned into a real estate developer focused on single tenant properties as well as developing a growing shopping center portfolio[3]. In 2004, the company became a public company, raising $211.9 million in an initial public offering[4]. In 2014, the company acquired a retail portfolio, primarily in the southeast, from Och Ziff, for $307 million [5]. Later in 2014, the company merged with Inland Diversified valued at $2.1 billion[6].
References
[edit]- ^ "2017 Kite Realty Group Annual Report" (PDF).
- ^ "S&P Global Market Intelligence".
- ^ "Developer Kite to remake key corner in Carmel".
- ^ "Kite Realty Trust files $300 million IPO".
- ^ "Business Observer "Kite Realty Buys Colonial Promenade Northdale"".
- ^ "Kite Realty to Merge with Inland Diversified".