 INDIANAPOLIS, March 16, 2021 GLOBE NEWSWIRE -- Kite Realty Group Trust NYSE: KRG the Company announced today that its operating partnership, Kite Realty Group, L.P. the Operating Partnership, launched an offering the Offering, subject to market conditions and other factors, of 175 million aggregate principal amount of exchangeable senior notes due 2027 in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended the Securities Act. The Operating Partnership also intends to grant the initial purchasers of the notes an option to purchase up to an additional 25 million aggregate principal amount of notes. 