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Kite Realty Group Trust (NYSE: KRG) and Retail Properties of America, Inc. (NYSE: RPAI) have entered into an agreement under which RPAI would merge into a subsidiary of KRG, with KRG continuing as the surviving public company. A Sweet REIT Deal: The shopping center-focused real estate investment trusts will create a combined company with an equity market capitalization of approximately $4.6 billion and a total enterprise value of approximately $7.5 billion upon the transaction’s closing, assuming a KRG share price of $20.83, the closing price on July 16.
...read full article on Benzinga
