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Kite acquires two open-air shopping centers through 1031 exchanges

REIT also sells six noncore retail properties
Kite Realty Group paid $65 million for Founders Square in Naples, Florida. (CoStar)
Kite Realty Group paid $65 million for Founders Square in Naples, Florida. (CoStar)
CoStar News
June 16, 2026 | 7:36 P.M.

Kite Realty Group has acquired two high-growth open-air shopping centers for $136 million, while shedding six noncore properties for $255 million.

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