Kite Realty Group Trust, an Indianapolis-based real estate investment trust, has priced a public offering of 4.75 million shares of common stock at $10.55 per share. The company said it plans to use the net proceeds to repay debt under its unsecured revolving credit facility. The joint book-running managers for the offering are Raymond James & Associates, Citigroup Global Markets, and Banc of America Securities. The shopping center REIT has granted the underwriters an option to buy up to 712,500 additional shares to cover any overallotments. Kite can be found on the Web at http://www.kiterealty.com.
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