Eight Must Reads for the CRE Industry (July 19, 2021)

Eight Must Reads for the CRE Industry Today (July 19, 2021)
Kite Realty Group and Retail Properties of America announced a merger with a total enterprise value of $7.5 billion. New analysis shows President Trump’s businesses took in $2.4 billion in revenue during his presidency. These are among today’s must reads from around the commercial real estate industry.
Kite Realty Group Trust and Retail Properties of America, Inc. Announce $7.5 Billion Strategic Merger “RPAI would merge into a subsidiary of KRG, with KRG continuing as the surviving public company. The strategic transaction joins together two high-quality portfolios with complementary geographic footprints creating a top five shopping center REIT by enterprise value. 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.” (Via press release)

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