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Kite Realty To Buy Retail Properties of America in $7.5 Billion Deal

Merged Firm Is Set To Be One of Five Largest Open-Air Shopping Center REITs in US
Retail Properties of America’s Henry Town Center in McDonough, Georgia, is set to be among the centers merged into Kite Realty Group. (CoStar)
Retail Properties of America’s Henry Town Center in McDonough, Georgia, is set to be among the centers merged into Kite Realty Group. (CoStar)

Kite Realty Group Trust agreed to buy rival Retail Properties of America, creating one of the five biggest outdoor shopping center real estate investment trusts in the United States after both businesses shed weaker-performing assets in the pandemic.

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