Kite Realty Group Trust, Indianapolis, will replace CarrAmerica Realty Corp., Washington, in the S&P REIT Composite Index after the close of trading on July 11, Standard & Poor's has announced.S&P said the reason for the change is that CarrAmerica is being acquired by an affiliate of The Blackstone Group. Kite Realty owns, develops, leases, and manages a portfolio of neighborhood and community shopping centers. S&P can be found online at http://www.standardandpoors.com.
Kite to Replace CarrAmerica in REIT Index
July 07, 2006, 2:00 p.m. EDT 1 Min Read
