As of March 31, 2021, RPAI owned 102 retail operating properties in the United States representing 19.9 million square feet. Retail Properties of America is a REIT that owns and operates high quality, strategically located open-air shopping centers, including properties with a mixed-use component.

The company will retain the Kite Realty Group name and trademarks and will continue to trade under the NYSE symbol KRG. Upon completion of the merger, the company’s headquarters will remain in Indianapolis, Indiana. 13, 2023 (GLOBE NEWSWIRE) - Kite Realty Group Trust (NYSE: KRG), a premier owner and operator of high-quality, open-air grocery-anchored neighborhood and community centers. The KRG management team will lead the combined company, with John Kite as Chief Executive Officer, Thomas McGowan as President and Chief Operating Officer and Heath Fear as Chief Financial Officer. was originally supposed to be privately funded by the Kite Realty Group. The transaction was unanimously approved by the Board of Trustees of KRG and the Board of Directors of RPAI. You can trust the Storm Track 8 weather experts to deliver Central Indianas. The parties expect the transaction to close during the fourth quarter of 2021 subject to customary closing conditions, including the approval of both KRG and RPAI shareholders. The combined company is expected to have an equity market capitalization of approximately $4.6 billion and a total enterprise value of approximately $7.5 billion upon the closing of the transaction assuming a KRG stock price of $20.83, which was the closing price on July 16, 2021. Shares were recently trading four cents lower at 5.36, compared. An unknown buyer acquired Plaza Del Lago at Chicago, IL from Kite Realty Group Trust (NYSE:KRG) for 58.7 million. Kite Realty Group Trusts KRG increased public offering of 10.5 million common shares priced at a 3.7 discount to Tuesdays close. Kite Realty declares 0.22 dividend Aug 10. The strategic transaction joins together two high-quality portfolios with complementary geographic footprints creating a top five shopping center REIT by enterprise value. Kite Realty Group Trust Declares Quarterly Common Dividend for the Quarter Ending September 30, 2022, Payable on or About OctoAug 11. The REITs and Real Estate M&A team advised Retail Properties of America (NYSE: RPAI) in its definitive merger agreement with Kite Realty Group Trust (NYSE: KRG) under which RPAI would merge into a subsidiary of KRG, with KRG continuing as the surviving public company.

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