Kite Realty Group sold City Center, a multi-level mixed-use asset in White Plains, New York, for gross proceeds of $50 million. The transaction, announced on June 26, 2026, advances the company's capital recycling objectives, consistent with commentary from its most recent earnings call.

Capital Recycling Strategy

The sale of City Center reflects KRG's ongoing strategy to optimize its portfolio. The company intends to provide additional details on the use of the sale proceeds and its remaining 2026 capital allocation activity during its next earnings call.

Asset Overview

City Center is a multi-level mixed-use asset located in White Plains, New York. The property was part of KRG's portfolio of open-air shopping centers and mixed-use destinations, which is concentrated in high-growth Sun Belt and select strategic gateway markets.

Kite Realty Group Profile

Kite Realty Group is a real estate investment trust (REIT) with over six decades of experience in developing, operating, and investing in real estate. The company has been publicly listed since 2004.

Kite Realty Group released its 2025 Corporate Responsibility Report on June 26, 2026, providing a comprehensive overview of its strategy, initiatives, and progress across corporate responsibility practices. The report details the company's efforts in managing its high-quality portfolio of open-air shopping centers and mixed-use destinations. This publication serves as a key disclosure for stakeholders monitoring the firm's environmental, social, and governance (ESG) performance.

The report is accessible on the company's official website, offering transparency into its corporate responsibility policies. Kite Realty Group operates as a real estate investment trust (REIT), focusing on high-growth Sun Belt and select strategic gateway markets. The firm has been publicly listed since 2004, leveraging over six decades of experience in real estate development and operations.

As of March 31, 2026, Kite Realty Group owned 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. The company employs a disciplined, hands-on approach to enhance portfolio quality and maximize long-term value for all stakeholders.

Portfolio Overview

The 2025 Corporate Responsibility Report underscores Kite Realty Group's commitment to integrating responsible practices into its core business operations. Stakeholders can review the full document to assess the company's advancements in corporate responsibility.