Inland Diversified

Inland Diversified Real Estate Trust, Inc. Announces Agreement to Merge
with Kite Realty Group in a Liquidity Event valued at $2.5 billion

  • Merger with Kite Realty Group Trust (NYSE: “KRG”) in an all-stock transaction for Inland Diversified Real Estate Trust, Inc. valued at $2.5 billion, including the sale of our net-leased portfolio to Realty Income transaction for Inland Diversified stockholders 
  • Inland Diversified stockholders to receive between 1.707 and 1.65 shares of Kite Realty Group at closing 
  • All or the majority of all net proceeds from Inland Diversified’s previously announced net-leased portfolio
    sale will be used to pay down debt on existing properties of the combined company, which will facilitate a single, all stock transaction for Inland Diversified stockholders


For specific details regarding the merger, we encourage you to please read the following documents.



Estimated Per Share Value   

On February 21, 2014, Inland Diversified announced an estimated per share value of its Common Stock equal to $10.70. Additional details including methodology and limitations of the estimated per share value can be found in the following 8-K: Inland Diversified 8-K Filed February 21, 2014