---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-093528"
form_type: "8-K"
ticker: "KRG"
cik: "0001286043"
company_name: "KITE REALTY GROUP TRUST"
filed_at: "2021-07-19T23:59:59+00:00"
generated_at: "2026-06-30T04:24:47.234884+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Kite Realty to acquire Retail Properties of America in all-stock merger; 0.623 KRG shares per RPAI share

## Summary
- Each RPAI share to convert into 0.623 Kite common shares; combined company to secure $1.1B bridge facility for RPAI debt repayment.
- John A. Kite to remain Chairman and CEO; Kite board expands to 13 members, including four from RPAI such as RPAI CEO Steven Grimes.
- Termination fees: RPAI pays $107M if it accepts a superior proposal; Kite pays $70M similarly.
- Lee A. Daniels to retire from Kite board effective upon closing of the merger.
- Bylaws amended to designate exclusive forum for corporate claims in Maryland courts and federal courts for Securities Act claims.

## SEC filing metadata
- accession: 0001104659-21-093528
- form_type: 8-K
- ticker: KRG
- cik: 0001286043
- company_name: KITE REALTY GROUP TRUST
- filed_at: 2021-07-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1286043/000110465921093528/0001104659-21-093528-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1286043/000110465921093528/tm2122510d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-093528
- JSON: https://secwatch.observer/filing/0001104659-21-093528.json
- Plain text: https://secwatch.observer/filing/0001104659-21-093528.txt

## Key facts
- Executive change
  Lee A. Daniels departed as Director at KITE REALTY GROUP TRUST.
  - Action: retire
  - Role: Director
  source text: On July 18, 2021, Lee A. Daniels notified the Kite Board of his intention to retire from the Kite Board effective upon and subject to the closing of the Merger.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1286043/000110465921093528/0001104659-21-093528-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.