Minority Group means any of the following racial or ethnic groups:Ĭendant means Cendant Corporation, a Delaware corporation. I have reviewed this annual report on Form 10-K of Kite Realty Group Trust 2. On November 4, 1994, Insignia acquired substantially all of the assets of Allegiance Realty Group, Inc. We also owned an 80% interest in The Taubman Realty Group, or TRG, which owns 24 regional, super-regional, and outlet malls in the U.S. Harassment is damaging to morale, serves no legitimate business purpose, is unlawful, and exposes Tesla Realty Group LLC and the individuals involved to significant legal liability.Īll fees and commissions must be made payable to the Company (“Tesla Realty Group LLC”). Our HQ is located in Media, PA.All Tesla Realty Group LLC offices are open Monday - Friday (9am - 5pm). If to the Indemnitors, to: Kite Realty Group Trust Kite Realty Group, L.P. The Company is licensed by the Department of Real Estate under the following name: Tesla Realty Group LLC. The Goodwin team was led by Blake Liggio, Gil Menna and Daniel Adams.įor additional details on the merger agreement, please read the press release.I have reviewed this quarterly report on Form 10-Q of Kite Realty Group Trust 2.įrom 1987 to 1995, Bob served as Senior Vice President of Legg Mason Realty Group, managing the firm’s consulting practice and serving as publisher of a Mid-Atlantic residential data service, Housing Market Profiles. As of March 31, 2021, RPAI owned 102 retail operating properties in the United States representing 19.9 million square feet. Retail Properties of America is a REIT that owns and operates high quality, strategically located open-air shopping centers, including properties with a mixed-use component. The company will retain the Kite Realty Group name and trademarks and will continue to trade under the NYSE symbol KRG. Upon completion of the merger, the company’s headquarters will remain in Indianapolis, Indiana. The KRG management team will lead the combined company, with John Kite as Chief Executive Officer, Thomas McGowan as President and Chief Operating Officer and Heath Fear as Chief Financial Officer. The transaction was unanimously approved by the Board of Trustees of KRG and the Board of Directors of RPAI. The parties expect the transaction to close during the fourth quarter of 2021 subject to customary closing conditions, including the approval of both KRG and RPAI shareholders. The combined company is expected to have an equity market capitalization of approximately $4.6 billion and a total enterprise value of approximately $7.5 billion upon the closing of the transaction assuming a KRG stock price of $20.83, which was the closing price on July 16, 2021. The strategic transaction joins together two high-quality portfolios with complementary geographic footprints creating a top five shopping center REIT by enterprise value. The REITs and Real Estate M&A team advised Retail Properties of America (NYSE: RPAI) in its definitive merger agreement with Kite Realty Group Trust (NYSE: KRG) under which RPAI would merge into a subsidiary of KRG, with KRG continuing as the surviving public company.
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