Kite Realty Group Trust Appoints Bonnie S. Biumi, Gerald M. Gorski, Steven P. Grimes and Peter L. Lynch as Trustees
October 23, 2021 at 02:07 am IST
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On October 22, 2021, Kite Realty Group Trust, a Maryland real estate investment trust (Kite Realty"), completed the transactions contemplated by the definitive Agreement and Plan of Merger, dated as of July 18, 2021 (the Merger Agreement"), by and among Kite Realty, KRG Oak, LLC (Merger Sub") and Retail Properties of America Inc. In connection with the consummation of the Merger, on October 22, 2021, upon the occurrence of the Effective Time, Kite Realty increased in the size of the Kite Realty Board from 10 trustees to 13 trustees and appointed Bonnie S. Biumi, Gerald M. Gorski, Steven P. Grimes and Peter L. Lynch to fill such newly created vacancies. Nine of the trustees of Kite Realty as of immediately prior to the Effective Time continued as trustees following the Effective Time. As previously disclosed, Lee A. Daniels retired from the Kite Realty Board contingent and effective upon the occurrence of the Effective Time.
Kite Realty Group Trust is a real estate investment trust (REIT). The Company, through its subsidiary, Kite Realty Group, L.P., is engaged in the ownership, operation, acquisition, development and redevelopment of open-air shopping centers and mixed-use assets. The Companyâs primarily grocery-anchored portfolio is located in Sun Belt and various markets in the United States. The Company collects contractual rents and reimbursement payments from tenants under existing lease agreements at each of its properties. The Company owns interests in approximately 180 operating retail properties totaling approximately 28.1 million square feet and one office property with 0.3 million square feet. Of the 180 operating retail properties, 10 contain an office component. The Company also owns two development projects under construction as of this date. The Companyâs subsidiary is Kite Realty Group, L.P.
KITE REALTY GROUP TRUST 
