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Kite Realty agrees to sale of 15 "non-core" properties for $318M

Sep. 16, 2014 9:01 AM ETKite Realty Group Trust (KRG) StockBy: Stephen Alpher, SA News Editor
  • The sale of the 15 retail properties across a number of states to Inland Real Estate Income Trust is expected to close in two tranches on or before Dec. 2015 and March 2016.
  • "We consider [these assets] to be non-core based upon our geographic objectives as we are looking for opportunities to increase our scale in select markets," says Kite Realty (NYSE:KRG) CEO John Kite.
  • Source: Press Release

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