Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today the appointment of Victor J. Coleman to its Board of Trustees.
“We are pleased to welcome Victor Coleman to our Board of Trustees,” said John A. Kite, Chairman and Chief Executive Officer. “Victor brings a wealth and diversity of real estate and REIT experience which, combined with his public company and strategic investing background, provide a fresh perspective that will benefit our Company and its shareholders.”
Mr. Coleman is the Chairman of the Board and Chief Executive Officer of Los Angeles-based Hudson Pacific Properties, Inc., a New York Stock Exchange real estate investment trust (NYSE symbol: HPP). Hudson Pacific's current portfolio is comprised of 21 properties consisting of five million square feet totaling $2.0 billion located in San Francisco, Beverly Hills, Los Angeles, Orange County and San Diego.
Prior to the formation of HPP, Mr. Coleman co-founded and led Arden Realty, Inc. as its President and Chief Operating Officer and also as a member of its board of directors, taking the company public on the NYSE in 1996 and eventually selling Arden to GE Capital in 2006.
“I am very excited to be appointed to the Kite Realty Group Trust Board of Trustees,” said Mr. Coleman. “Over the years, the Company has built a high-quality portfolio. I look forward to working with the management team and Board to expand on their success and help the Company achieve the next level of growth and profitability.”
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. At September 30, 2012, the Company owned interests in a portfolio of 60 operating and redevelopment properties totaling approximately 8.9 million square feet and an additional two properties currently under development totaling 0.6 million square feet.