{"id":19322,"date":"2026-06-27T08:36:16","date_gmt":"2026-06-27T13:36:16","guid":{"rendered":"https:\/\/1reason.com\/re\/kite-realty-group-completes-sale-of-city-center\/19322\/"},"modified":"2026-06-28T03:36:16","modified_gmt":"2026-06-28T08:36:16","slug":"kite-realty-group-completes-sale-of-city-center","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/kite-realty-group-completes-sale-of-city-center\/19322\/","title":{"rendered":"Kite Realty Group Completes Sale of City Center"},"content":{"rendered":"<div>\n<p align=\"justify\">The disposition represents continued progress against KRG\u2019s capital recycling objectives, consistent with the commentary provided on the Company&#8217;s most recent earnings call.<\/p>\n<p align=\"justify\">KRG intends to provide additional detail on the use of the sale proceeds and its remaining 2026 capital allocation activity during its next earnings call.<\/p>\n<p align=\"justify\"><strong>About Kite Realty Group<\/strong><br \/>Kite Realty Group (NYSE: KRG) is a real estate investment trust (REIT) that owns and operates a high-quality portfolio of open-air shopping centers and mixed-use destinations. The Company&#8217;s portfolio is concentrated in high-growth Sun Belt and select strategic gateway markets. Publicly listed since 2004, KRG brings more than six decades of experience in developing, operating, and investing in real estate, using a disciplined, hands-on approach to enhance portfolio quality and maximize long-term value for all stakeholders. As of March 31, 2026, the Company owned interests in 169 U.S. open-air shopping centers and mixed-use assets, comprising approximately 27.3 million square feet of gross leasable area. For more information, please visit kiterealty.com.<\/p>\n<p align=\"justify\">Contact Information: <br \/>Kite Realty Group<br \/>Tyler Henshaw<br \/>SVP, Capital Markets &amp; Investor Relations<br \/>317.713.7780<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xoOhNa7IzfERcbSIiGitWAb-tlnD74kk715fwVewnLl1JHU896Rw9jxOhH8kUq0ByUCGbfdXrEIo9Uqtrx8Uzj9ULvfds7K6lXkdesghHVg=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"thenshaw@kiterealty.com\">thenshaw@kiterealty.com<\/a><\/p>\n<p><img alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/YzE5YWM1ZTMtZTM5Mi00NTliLWI0NWMtZTczNTUxYWI1NzUzLTEwMTk3MjUtMjAyNi0wNi0yNi1lbg==\/tiny\/Kite-Realty-Group-Trust.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"justify\">INDIANAPOLIS, June 26, 2026 (GLOBE NEWSWIRE) &#8212; Kite Realty Group (NYSE: KRG), a premier owner and operator of high-quality, open-air grocery-anchored centers and vibrant mixed-use assets, today announced the completion of the sale of City Center, a multi-level mixed-use asset in White Plains, New York, for gross proceeds of $50 million.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/19322"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=19322"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/19322\/revisions"}],"predecessor-version":[{"id":19325,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/19322\/revisions\/19325"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=19322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=19322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=19322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}