Kite Realty CEO Sees REITs Focusing on Redevelopment

John Kite, CEO of Kite Realty Group Trust (NYSE: KRG), joined for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Between late 2014 and early 2015, Kite Realty sold about $ 320 million of properties that it had acquired through the 2014 merger with Inland Diversified Real Estate Trust, Inc.  Kite noted that about $ 220 million of the proceeds went toward purchasing properties, while $ 100 million was earmarked to reduce leverage.


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