Kite Realty Group (KRG) has announced the completion of the sale of City Center, a multi-level mixed-use asset in White Plains, N.Y., for gross proceeds of $50 million. The disposition represents continued progress against KRG’s capital recycling objectives, consistent with the commentary provided on the company’s most recent earnings call.
KRG, a REIT that owns and operates a high-quality portfolio of open-air shopping centers and mixed-use destinations, intends to provide additional detail on the use of the sale proceeds and its remaining 2026 capital allocation activity during its next earnings call. As of March 31, KRG owned interests in 169 U.S. open-air shopping centers and mixed-use assets comprising approximately 27.3 million square feet of gross leasable area.
