Kite Realty Group Trust Announces New Leases with The Fresh Market

  Kite Realty Group Trust Announces New Leases with The Fresh Market

Business Wire

INDIANAPOLIS -- December 20, 2012

Kite Realty Group Trust (NYSE: KRG) announced today that it recently executed
two leases with The Fresh Market (NASDAQ: TFM) for 18,100 square feet at
Lithia Crossing in Tampa, Florida and for 23,900 square feet at the Shops at
Eagle Creek in Naples, Florida.

The Company acquired Lithia Crossing in 2011 with the intent of adding a
quality grocery anchor to accompany the existing Steinmart store. Other
tenants of the center include Panera Bread, Starbucks, and Cold Stone
Creamery.

The Shops at Eagle Creek is anchored by Staples and a non-owned Lowe’s Home
Improvement store. With the signing of The Fresh Market, the Company has only
two vacant anchor spaces in its operating portfolio.

“The Fresh Market is one of the strongest retail groceries in the country. Our
ability to attract highly desirable tenants such as this reflects the
exceptional quality of our real estate and our ability to identify
acquisitions with value-add opportunities,” said John A. Kite, the Company’s
Chairman and Chief Executive Officer.

About Kite Realty Group Trust

Kite Realty Group Trust is a full-service, vertically integrated real estate
investment trust engaged in the ownership, operation, management, leasing,
acquisition, construction, redevelopment and development of neighborhood and
community shopping centers in selected markets in the United States. At
September 30, 2012, the Company owned interests in a portfolio of 60 operating
and redevelopment properties totaling approximately 8.9 million square feet
and an additional two properties currently under development totaling 0.6
million square feet.

Safe Harbor

This press release contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such statements are based on assumptions and
expectations that may not be realized and are inherently subject to risks,
uncertainties and other factors, many of which cannot be predicted with
accuracy and some of which might not even be anticipated. Future events and
actual results, performance, transactions or achievements, financial or
otherwise, may differ materially from the results, performance, transactions
or achievements expressed or implied by the forward-looking statements. Risks,
uncertainties and other factors that might cause such differences, some of
which could be material, include, but are not limited to: national and local
economic, business, real estate and other market conditions, particularly in
light of the recent slowing of growth in the U.S. economy; financing risks,
including the availability of and costs associated with sources of liquidity;
the Company’s ability to refinance, or extend the maturity dates of, its
indebtedness; the level and volatility of interest rates; the financial
stability of tenants, including their ability to pay rent and the risk of
tenant bankruptcies; the competitive environment in which the Company
operates; acquisition, disposition, development and joint venture risks;
property ownership and management risks; the Company’s ability to maintain its
status as a real estate investment trust (“REIT”) for federal income tax
purposes; potential environmental and other liabilities; impairment in the
value of real estate property the Company owns; risks related to the
geographical concentration of our properties in Indiana, Florida and Texas;
and other factors affecting the real estate industry generally. The Company
refers you to the documents filed by the Company from time to time with the
Securities and Exchange Commission, specifically the section titled “Risk
Factors” in the Company’s Annual Report on Form 10-K for the year ended
December 31, 2011, which discuss these and other factors that could adversely
affect the Company’s results. The Company undertakes no obligation to publicly
update or revise these forward-looking statements (including the FFO and net
income estimates), whether as a result of new information, future events or
otherwise.

Contact:

Kite Realty Group Trust
Dan Sink, Chief Financial Officer, 317-577-5609
dsink@kiterealty.com
or
Investors/Media:
Kite Realty Group Trust
Adam Basch, Financial Analyst, 317-578-5161
abasch@kiterealty.com
 
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