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IPO Profile Kite Realty Group
30 S. Meridian Street, Suite 1100, Indianapolis, IN 46204
Tel: 317-577-5600
Web:
Ticker: KRG
Stock Exchange: New York Stock Exchange
Shares Issued: 16,300,000.00
Price Offered: $13.00
Amount Raised: $211,900,000.00
Underwriters:
Lehman Brothers
Wachovia Securities
Goldman Sachs & Co.
UBS Investment Bank
KeyBanc Capital Markets
Company Description:
We are a full-service, vertically integrated real estate company focused primarily on the development, construction, acquisition, ownership and operation of high quality neighborhood and community shopping centers in selected growth markets in the United States. Upon the completion of this offering and our other formation transactions, we will own interests in a portfolio of 18 operating retail properties totaling approximately 3.2 million square feet of gross leasable area (including non-owned anchor space) and 12 retail properties under development that are expected to contain approximately 1.4 million square feet of gross leasable area (including non-owned anchor space). We also will own interests in four operating commercial properties totaling approximately 545,000 square feet of net rentable area, a related parking garage and one commercial property under development. In addition, we will own interests in nine parcels of land at or near our properties that may be used for future development of retail or commercial properties. Our initial portfolio consists of properties in Indiana, Florida, Texas, Washington, Oregon, New Jersey, Illinois and Georgia.
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