DivestmentJun 26, 2026, 04:26 PM
Kite Realty Sells City Center for $50M
AI Summary
Kite Realty Group 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. This disposition represents continued progress against the company's capital recycling objectives. KRG intends to provide additional details on the use of the sale proceeds and its remaining 2026 capital allocation activity during its next earnings call.
Key Highlights
- Kite Realty Group completed the sale of City Center in White Plains, New York.
- The multi-level mixed-use asset was sold for gross proceeds of $50 million.
- The disposition aligns with KRG's capital recycling objectives.
- Further details on the use of proceeds will be provided at the next earnings call.
- KRG owns interests in 169 U.S. open-air shopping centers and mixed-use assets.
- The portfolio comprises approximately 27.3 million square feet of gross leasable area.
Price Impact
More from KRG