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Kite Realty Group Trust Expands Board of Trustees and Announces the Appointment of Derrick Burks

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INDIANAPOLIS, March 25, 2021 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) is pleased to announce the appointment of Derrick Burks to its Board of Trustees. Mr. Burks is a retired partner from Ernst & Young (EY) where he served for 15 years, including time as managing partner of EY’s Indianapolis office. Kite Realty Group Trust expanded its Board to ten trustees with the addition of Mr. Burks, another independent Board member.

“We are thrilled with the addition of Derrick Burks to our Board of Trustees,” said John A. Kite, Chairman and CEO. “Derrick’s wealth of knowledge in a multitude of industries, coupled with his extensive experience with REITs, will greatly strengthen KRG moving forward and further propel us toward our long-term objectives.”

Prior to joining Ernst & Young, Mr. Burks spent 24 years with Arthur Andersen. Mr. Burks has experience on private and public company boards, including currently sitting on Equity LifeStyle Properties, Inc.’s (NYSE:ELS) Board of Directors. He has been actively involved with a variety of civic and community agencies throughout his career, and is presently engaged on the boards of the Indiana University Foundation and the Regenstrief Foundation. Mr. Burks received his Bachelor of Science degree in accounting from Indiana University’s Kelley School of Business.

About Kite Realty Group Trust

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to tenants in desirable markets through our portfolio of community, neighborhood, and lifestyle centers. Using operational, development, and redevelopment expertise, we continuously optimize our portfolio to maximize value and return to our shareholders.

For more information, please visit kiterealty.com.

Contact Information: Kite Realty Group Trust        
                        
Bryan McCarthy
SVP, Marketing & Communications
317.713.5692
bmccarthy@kiterealty.com


Kite Realty Group Trust

NYSE:KRG

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About KRG

kite realty group trust is a full-service, vertically-integrated real estate investment trust (reit) engaged primarily in the ownership and operation, acquisition, development and redevelopment of high-quality neighborhood and community shopping centers in select markets in the united states. as of june 30, 2016, the company owned interests in a portfolio of 121 operating, development and redevelopment properties totaling approximately 24 million total square feet across 20 states. our strategy is to maximize the cash flow of our operating properties, successfully complete the construction and lease-up of our development portfolio and identify additional growth opportunities in the form of acquisitions and redevelopments. new investments are focused in the shopping center sector in markets where we currently operate and where we believe we can leverage our existing infrastructure and relationships to generate attractive risk-adjusted returns.