Portofino Center

Portofino Center

Kite Acted Quickly to Nab $307M Portfolio

Constraints on supply is tightening the retail market, allowing owners to start pushing rates up and painting quality properties as more attractive to pick up for good prices, says Adam Basch, a senior financial analyst with Kite Realty Group.

The Indianapolis-based firm recently closed a $307 million purchase of a portfolio of nine retail properties totaling about two million sq. ft. The owner of the portfolio was unannounced, though SEC documents show it was mortgag

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