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.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Kite Realty Group CEOs

K

Alvin E. Kite, Jr.

Founder and Ex-CEO of Kite Realty Group

Education

Not available

Field of Expertise

Real Estate & Construction - Real Estate

Sector of Economy

Real Estate

Born

November 1, 1944 - 80 years ago

CEO of Kite Realty Group for

0 years 0 months (Dec 2008 - Dec 2008)

Previous Experience

Chairman of the Board of Trustees

Rivals

Competitors/colleagues of Alvin E. Kite, Jr.

K

Conor C. Flynn

CEO of Kimco Realty

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$2.92M

Other

$26.34K

Total Holdings

$28.47M

R

Lisa Palmer

CEO of Regency Centers

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$2.71M

Other

$20.22K

Total Holdings

$9.99M

B

James M. Taylor Jr.

CEO of Brixmor Property Group

2023 Compensation

Stock

$6.59M

Salary

$1.10M

Bonus

$2.43M

Other

$36.11K

Total Holdings

$29.52M

P

Jeffrey S. Edison

Founder and CEO of Phillips Edison & Company

2023 Compensation

Stock

$0.00

Salary

$910.52K

Bonus

$1.61M

Other

$457.58K

Total Holdings

$309.93M

U

Jeffrey S. Olson

CEO of Urban Edge Properties

2023 Compensation

Stock

$1.66M

Salary

$1.10M

Bonus

$2.33M

Other

$22.50K

Total Holdings

$5.75M

Holdings

See how much did Alvin E. Kite, Jr. make over time.

Alvin E. Kite, Jr. initially owned 3,561,499 shares in Kite Realty Group Trust, translating to 11.32% of the company's total shares. His holdings primarily comprised common shares and limited partnership units. At the peak of his investments, he enjoyed substantial...

Alvin E. Kite, Jr. initially owned 3,561,499 shares in Kite Realty Group Trust, translating to 11.32% of the company's total shares. His holdings primarily comprised common shares and limited partnership units. At the peak of his investments, he enjoyed substantial ownership, emphasizing his significant stake in the company. As the market fluctuated, Kite’s wealth was notably tied to his hold on these shares. However, by the time he retired, he did not sell any shares or receive major dividends. His wealth status provided him a place within the executive leadership, where he played an essential role in shaping the company’s future through various strategic decisions. Today, his shareholdings and past leadership decisions still contribute to Kite Realty's profile in the real estate market.

Mar 18, 2025

K

shares

KRG @ $22.08

Total Stock Sold

$19.30M

KRG

$19.30M

524,836.5 KRG shares

What if they kept their stock?

If Alvin E. Kite, Jr. didn't sell their stock, today they would have:
Extra KRG524,836.5 shares worth $4.34M.
This is -77.54% and $14.96M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Alvin E. Kite, Jr..

KRG

$1.31M

KRG at $21.91/share

Dec 1, 2023

Sale

KRG

$1.87M

KRG at $22.01/share

Nov 18, 2022

Sale

KRG

$523.25K

KRG at $20.93/share

Dec 21, 2021

Sale

KRG

106,088 shares

KRG

Jan 18, 2021

Received

KRG

$239.50K

KRG at $13.24/share

Nov 9, 2020

Sale

KRG

42,887 shares

KRG

Feb 12, 2020

Received

KRG

$234.75K

KRG at $18.78/share

Nov 15, 2019

Sale

KRG

$269.45K

KRG at $15.85/share

Sep 19, 2019

Sale

KRG

$194.52K

KRG at $16.21/share

Dec 13, 2018

Sale

KRG

$609.70K

KRG at $17.42/share

Sep 5, 2018

Sale

Compensation History

See how much did Alvin E. Kite, Jr. make over time.

In 2008, Alvin E. Kite, Jr.'s total compensation reached $256,596, with a base salary of $237,500 and other minor benefits totaling $19,096. Notably, he did not receive any bonuses that year due to an expectation of no future payouts set by the compensation committee. His package included health and life insurance, alongside an automobile allowance. During his tenure leading up to retirement in 2008, he fostered an environment aimed at retaining and rewarding talented executives while linking their goals to the company’s performance. Kite set a significant precedent for compensation structures within the company. Despite his substantial role, his final year reflected a shift in policy rather than personal performance, marking a notable evolution in Kite Realty's management principles.

Year

2008

Total Compensation

$256.60K

Salary

$237.50K

Board Justification

The compensation philosophy is designed to attract and retain outstanding executives, reward superior performance, and ensure competitive compensation relative to similarly-situated executives at comparable publicly-traded REITs.

Bonus

$0.00

Board Justification

Mr. Kite did not receive an annual bonus for 2008 due to the expectation set by the Committee that no annual bonus would be paid in the future.

Other

$19.10K

Board Justification

Other compensation includes health care and life insurance premiums, and an automobile allowance.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2008 as Mr. Kite retired on December 3, 2008 and did not receive any stock awards that year.

Performance Metrics

The performance metrics considered for compensation included the overall performance of the company, particularly as it relates to Funds From Operations (FFO) and the successful consummation of certain acquisitions and development starts.

Other Kite Realty Group CEOs

Here are other CEOs of Kite Realty Group

Steven P. Grimes

CEO of Kite Realty Group

October 2021 - Present