INDIANAPOLIS, June  26, 2026  (GLOBE NEWSWIRE) -- 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

Kite Realty Group Completes Sale of City Center

Kite Realty completes $50M asset sale, advancing capital recycling

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>INDIANAPOLIS, June  26, 2026  (GLOBE NEWSWIRE) -- 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</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Kite Realty Group announced the sale of City Center in White Plains for $50 million, highlighting progress on its capital recycling strategy. Management said additional detail on the use of proceeds and remaining 2026 capital allocation will be provided on the next earnings call. The deal underscores ongoing portfolio optimization and improves liquidity for potential accretive investments.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Kite Realty sells City Center for $50M, advancing capital recycling.</li><li>Asset sale signals disciplined capital allocation; further details to be disclosed on earnings call.</li><li>As of 3/31/2026, KRG owned 169 properties, ~27.3M sq ft.</li><li>Next earnings call to outline use of proceeds and 2026 capital plans.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Kite Realty Group Trust (KRG)</strong>: Announced sale of City Center for $50M; proceeds may fund 2026 capital allocations.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article reflects a strategic asset disposition tied to capital recycling and liquidity management, relevant to the REIT&#039;s growth and capital deployment plans.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Proceeds enhance liquidity to fund acquisitions or deleveraging.</li><li>Next earnings call will detail use of proceeds and 2026 capital plans.</li><li>Asset disposition signals portfolio optimization but limited near-term earnings impact.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Sale price: $50 million gross proceeds.</li><li>Asset: City Center, White Plains, NY.</li><li>Date: June 26, 2026.</li><li>As of 3/31/2026, 169 properties owned; ~27.3 million sq ft gross leasable area.</li><li>Capital recycling objective referenced in release.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Neutral stance; near-term liquidity could enable accretive redeployments at upcoming capital allocations.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">INDIANAPOLIS, June  26, 2026  (GLOBE NEWSWIRE) -- Kite Realty Group (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/KRG">KRG</a>), 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>  <p align="justify">The disposition represents continued progress against KRG’s capital recycling objectives, consistent with the commentary provided on the Company&#39;s most recent earnings call.</p>  <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>  <p align="justify"><strong>About Kite Realty Group</strong><br></br>Kite Realty Group (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/KRG">KRG</a>) 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&#39;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>  <p align="justify">Contact Information: <br></br>Kite Realty Group<br></br>Tyler Henshaw<br></br>SVP, Capital Markets &amp; Investor Relations<br></br>317.713.7780<br></br><a href="https://www.globenewswire.com/Tracker?data=xoOhNa7IzfERcbSIiGitWAb-tlnD74kk715fwVewnLl1JHU896Rw9jxOhH8kUq0ByUCGbfdXrEIo9Uqtrx8Uzj9ULvfds7K6lXkdesghHVg=" rel="nofollow" target="_blank">thenshaw@kiterealty.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc1MzQ2MyM3NjgwNjc1IzIwMDgxNTI="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/YzE5YWM1ZTMtZTM5Mi00NTliLWI0NWMtZTczNTUxYWI1NzUzLTEwMTk3MjUtMjAyNi0wNi0yNi1lbg==/tiny/Kite-Realty-Group-Trust.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/aa8615d6-bf0b-439c-99a0-4f25ed621e9d"><img src="https://ml.globenewswire.com/media/aa8615d6-bf0b-439c-99a0-4f25ed621e9d/small/black-kite-r-logo-jpg.jpg" border="0" width="150" height="42" alt="Primary Logo"></img></a></p>

Kite Realty Group announced the sale of City Center in White Plains for $50 million, highlighting progress on its capital recycling strategy. Management said additional detail on the use of proceeds and remaining 2026 capital allocation will be provided on the next earnings call. The deal underscores ongoing portfolio optimization and improves liquidity for potential accretive investments.

Kite Realty Group Completes Sale of City Center

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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