Kite Realty Group Trust (NYSE:KRG) (the “Company”) and Kite Realty Group, L.P. (the “Operating Partnership”) announced today completion of the sale of a $250 million private placement of senior unsecured notes (collectively the “notes” or “private placement”) with a blended interest rate of approximately 4.41% and a blended maturity of approximately 9.8 years.

The Operating Partnership issued $95 million in notes with an 8-year term, $80 million in notes with a 10-year term and $75 million in notes with a 12-year term. The 8-year, 10-year and 12-year notes will bear interest at fixed annual rates of 4.23%, 4.47% and 4.57%, respectively.

The Company intends to use the proceeds from the private placement for repayment of amounts outstanding under its Unsecured Revolving Credit Facility, other outstanding indebtedness and general corporate purposes.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Wells Fargo Securities, LLC were Joint Placement Agents for the offering.

“The execution of our unsecured debt offering further enhances our investment grade balance sheet and continues our strategy of creating maximum financial flexibility,” said Dan Sink, Chief Financial Officer.

About Kite Realty Group Trust

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust engaged in the ownership, operation, management, leasing, acquisition, construction, redevelopment and development of neighborhood and community shopping centers in selected markets in the United States. As of June 30, 2015, the Company owned interests in a portfolio of 122 operating, development and redevelopment properties totaling approximately 25 million total square feet across 22 states. For more information, please visit the Company’s website at www.kiterealty.com.

Safe Harbor

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are based on assumptions and expectations that may not be realized and are inherently subject to risks, uncertainties and other factors, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, performance, transactions or achievements, financial or otherwise, may differ materially from the results, performance, transactions or achievements, financial or otherwise, expressed or implied by the forward-looking statements. Risks, uncertainties and other factors that might cause such differences, some of which could be material, include, but are not limited to: national and local economic, business, real estate and other market conditions, particularly in light of low growth in the U.S. economy, financing risks, including the availability of and costs associated with sources of liquidity, the Company’s ability to refinance, or extend the maturity dates of, its indebtedness, the level and volatility of interest rates, the financial stability of tenants, including their ability to pay rent and the risk of tenant bankruptcies, the competitive environment in which the Company operates, acquisition, disposition, development, joint venture, property ownership and management risks, the Company’s ability to maintain its status as a real estate investment trust for federal income tax purposes, potential environmental and other liabilities, impairment in the value of real estate property the Company owns, risks related to the geographical concentration of our properties in Florida, Indiana and Texas, the dilutive effects of future offerings of issuing additional securities, and other factors affecting the real estate industry generally. The Company refers you to the documents filed by the Company from time to time with the Securities and Exchange Commission, specifically the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, which discuss these and other factors that could adversely affect the Company’s results. The Company undertakes no obligation to publicly update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Kite Realty Group TrustMedia & Investor RelationsMaggie Kofkoff, CFA, 317-713-7644mkofkoff@kiterealty.com

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