Kite Realty Group Sells Eight Shopping Centers for $429 Million

Reuters12-09

Kite Realty Group Sells Eight Shopping Centers for $429 Million

Kite Realty Group Trust announced the sale of a portfolio of eight large-format power and community centers, including properties in Oklahoma City, Waco, Daytona Beach, Charlotte, Phoenix, Houston, and Dallas/Fort Worth, for gross proceeds of $429 million. Additionally, the company sold the Paradise Valley Marketplace in Phoenix for $45 million. The dispositions are part of Kite Realty's strategy to enhance portfolio quality and cash flow resilience.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kite Realty Group Trust published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9598835-en) on December 08, 2025, and is solely responsible for the information contained therein.

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