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