Kite Realty exercises accordion option, ups term loan to $400 million

By Tali Rackner

Norfolk, Va., June 30 – Kite Realty Group Trust exercised the accordion option on its existing unsecured term loan credit facility and increased the facility to $400 million from $230 million, according to a press release.

Kite Realty is an Indianapolis-based real estate investment trust focused on neighborhood and community shopping centers.

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