Alvin E. Kite, Jr. was the former Chairman of Kite Realty Group Trust, a company specializing in real estate. He retired in 2008 after serving as the head of the board and has been involved in the real estate sector...
Alvin E. Kite, Jr. was the former Chairman of Kite Realty Group Trust, a company specializing in real estate. He retired in 2008 after serving as the head of the board and has been involved in the real estate sector for most of his career. Kite is known for his strategic role in guiding the company during its initial public offering in 2004. He had significant ownership in the company, holding over 3.5 million shares, which was about 11.3% of Kite Realty at one point. His total compensation before he retired included a base salary of $150,000, and he did not receive any bonuses in 2008 due to company policy. However, prior to his retirement, he was rewarded with stock options, which added to his wealth. After retirement, he became the Chairman Emeritus and continued to advise the company, focusing on strategic planning and business development. Kite's journey in real estate has impacted many through the growth of Kite Realty, marking him as a key figure in the industry.