# Kite Realty Group, L.P. — capital_raise/public_offering [announced]
Source: SEC API (secapi.ai) · situation sit_587fe8a25f3b43832d6d · retrieved 2026-08-11T15:50:51.127Z

## Overview
Kite Realty Group is a real estate investment trust (REIT) that owns and operates a high-quality portfolio of open-air shopping centers and mixed-use destinations concentrated in high-growth Sun Belt and select strategic gateway markets.

On June 29, 2026, Kite Realty Group's operating partnership priced $345 million of 3.25% exchangeable senior notes due April 2032, including the full exercise of the initial purchasers' $45 million overallotment option. The notes were issued on July 2, 2026. In connection with the issuance, the Company entered into capped call transactions that effectively raised the conversion price from approximately $35.40 to $41.91 per share. The Company intends to use the majority of the proceeds, together with cash from recent asset dispositions, to repay or redeem the operating partnership's $300 million of 4.00% senior unsecured notes due October 2026.

## Terms
- Deal value: $345.0M · Consideration: mixed · Price/share: $41.91

## Key dates
- Announced 2026-07-30

## Timeline
- 2026-07-30 · 8-K (0001286043-26-000045): 8-K - Kite Realty Group, L.P. — *Kite Realty Group is a real estate investment trust (REIT) that owns and operates a high-quality portfolio of open-air shopping centers and mixed-use destinations concentrated in high-growth Sun Belt and select strategic gateway markets.* On June 29, 2026, Kite Realty Group's operating partnership priced $345 million of 3.25% exchangeable senior notes due April 2032, including the full exercise of the initial purchasers' $45 million overallotment option. The notes were issued on July 2, 2026. In connection with the issuance, the Company entered into capped call transactions that effectively raised the conversion price from approximately $35.40 to $41.91 per share. The Company intends to use the majority of the proceeds, together with cash from recent asset dispositions, to repay or redeem the operating partnership's $300 million of 4.00% senior unsecured notes due October 2026.
  https://www.sec.gov/Archives/edgar/data/1636315/0001286043-26-000045.txt

## Citations
- 0001286043-26-000045 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000128604326000045