Issuer:

Kite Realty Group Trust

Security:

8.250% Series A Cumulative Redeemable Perpetual Preferred Shares of Beneficial Interest

Size:

2,600,000 shares (2,990,000 shares if the option to purchase additional shares is fully exercised)

Public Offering Price:

$25.00 per share; $65,000,000 total (not including the option to purchase additional shares)

Underwriting Discounts and Commissions:

$0.7875 per share; $2,047,500 total (not including the option to purchase additional shares)

Joint Book-Running Managers:

Citigroup Global Markets Inc. and Raymond James & Associates, Inc.

Joint Lead Managers:

KeyBanc Capital Markets, Inc. and RBC Capital Markets, LLC

Co-Managers:

BMO Capital Markets Corp., RBS Securities Inc., Janney Montgomery Scott LLC

Maturity Date:

Perpetual

CUSIP/ISIN:

49803T201/US49803T2015

Trade Date:

November 30, 2010

Liquidation Preference:

$25 per share plus accrued and unpaid dividends

Dividend:

8.250% per annum (or $2.0625 per share), accruing from December 7, 2010

Step-Up Dividend:

12.250% per annum (or $3.0625 per share) following a change of control if either the Series A Preferred Shares (or any preferred shares of the surviving entity that are issued in exchange for the Series A Preferred Shares) or the common shares of the surviving entity, as applicable, are not listed on the NYSE or quoted on NASDAQ (or listed or quoted on a successor exchange or quotation system)

Dividend Payment Dates:

March 1, June 1, September 1 and December 1, beginning March 1, 2011

Optional Redemption:

On and after December 7, 2015, redeemable in whole or in part at a redemption price equal to $25 per share plus any accrued and unpaid dividends

Special Optional Redemption:

If at any time following a change of control either the Series A Preferred Shares (or any preferred shares of the surviving entity that are issued in exchange for the Series A Preferred Shares) or the common shares of the surviving entity, as applicable, are not listed on the NYSE or quoted on NASDAQ (or listed or quoted on a successor exchange or quotation system), the Series A Preferred Shares are redeemable in whole but not in part, within 90 days after the first date on which both the change of control has occurred and either the Series A Preferred Shares (or any preferred shares of the surviving entity that are issued in exchange for the Series A Preferred Shares) or the common shares of the surviving entity, as applicable, are not so listed or quoted, for cash at $25 per share, plus accrued and unpaid dividends (whether or not declared) to, but not including, the redemption date.

Listing:

The Issuer intends to file an application with the NYSE. If the application is approved, trading is expected to begin within 30 days of issuance.

Expected Settlement and Delivery Date:

December 7, 2010