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KRG executed 12 anchor leases representing approximately 297,000 square feet at blended comparable releasing spreads of 8.4% and GAAP releasing spreads of 15.4%.Executed a new $52 million ($10.4 million at share) fixed-rate (4.09%) mortgage loan in connection with the TH Real Estate joint venture.Ģ018 Transactional Sources and Uses Summary 1: Sourcesġ All amounts represented are in millions of dollars.Ģ Inclusive of the $10 million of mortgage proceeds in connection with the TH transaction.ģ $50 million sourced from the new 10-year term loan and $55 million sourced from asset sales.Executed an interest rate hedge that resulted in a blended fixed rate of 4.75% for 7 years.Laddered the debt maturity schedule so that no more than 20% of KRG’s debt comes due in any single calendar year (vs.Prepaid $50 million of a $200 million five-year term loan due in 2021.

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Fully retired a $200 million seven-year term loan due in 2022 (LIBOR plus 160 basis points).

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Extended the weighted average maturity of KRG’s debt portfolio by a full year (6.0 years vs.

Executed an industry pioneering $250 million ten-year unsecured term loan in Q4 that accomplished the following:.

Recast the unsecured revolving credit facility in Q2, which increased the borrowing capacity to $600 million, reduced the effective credit spread by 30-45 bps based on the leverage grid, and extended the term to April 2023.

Executed a $22 million buyout of the minority members in a joint venture involving six retail properties in Las Vegas, NV (Cannery Corner, Centennial Center, Centennial Gateway, Eastern Beltway, Eastgate Plaza, and Lowe’s Plaza).

Livingston Shopping Center New York/Northern New Jersey MSA (Q3).

Entered into a strategic joint venture with TH Real Estate (formerly known as TIAA) by selling an 80% interest in three core retail assets resulting in gross proceeds of approximately $89 million at a blended capitalization rate of 5.95%.

The operating retail assets had a weighted average retail ABR of $12.23, 27% lower than the current operating portfolio ABR of $16.84. The blended capitalization rate was approximately 8.0%. Lake Lofts at Deerwood Jacksonville, FL MSA (Q4).Fox Lake Crossing Chicago, IL MSA (Q4).Hamilton Crossing Knoxville, TN MSA (Q4).Memorial Commons Goldsboro, NC MSA (Q1).Trussville Promenade Birmingham, AL Metropolitan Statistical Area (“MSA”) (Q1).Sold seven non-core assets for a combined $125 million:.“We fully intend to continue this trend into 2019, and our team is poised to swiftly execute on all fronts.”

Kite, Chairman and Chief Executive Officer. “Our transactional and leasing accomplishments in 2018 are a testament to Kite’s ongoing commitment to improve the quality of our retail portfolio, strengthen our balance sheet and deepen our relationships with blue-chip institutional partners,” said John A. During this time period, KRG also completed approximately $22 million in acquisitions and $900 million in total capital markets activity. 08, 2019 (GLOBE NEWSWIRE) - Kite Realty Group Trust (NYSE: KRG) announced today that, for calendar year 2018, it completed approximately $214 million in dispositions and executed 12 box leases for approximately 297,000 square feet. It will help you by bringing back customers again and again to satisfy their craving for authenticity.INDIANAPOLIS, Jan. Our commitment to quality, freshness and authenticity has helped us win Best Sub and Best Sandwich Awards in virtually every market we serve. Our cheese steaks are fresh grilled while you wait along with onions and peppers for that authentic Philly taste. Why do we insist on making our sub sandwiches the same way we’ve been making them since 1956? Because we refuse to compromise on quality or freshness.

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