Steven P. Grimes is the CEO of Kite Realty Group Trust, a position he has held since the company's merger with Retail Properties of America in 2021. Grimes brings over a decade of experience in the real estate sector, having...
Steven P. Grimes is the CEO of Kite Realty Group Trust, a position he has held since the company's merger with Retail Properties of America in 2021. Grimes brings over a decade of experience in the real estate sector, having been with RPAI since 2009, where he served in several key roles including President and Chief Financial Officer. He has a solid academic background with a B.S. in Accounting from Indiana University, which reflects his strong foundation in finance. Under his leadership, Kite Realty has focused on maximizing shareholder value through strategic planning and effective operations. In 2023, his total compensation was approximately $6.9 million, demonstrating his alignment with the company’s performance. Interestingly, while he had no vested stock in 2022, he secured over $6.5 million in vested stock in 2023 alone, highlighting a significant turnaround in performance metrics. Grimes is an active member of various real estate associations, showing he values industry connections. He’s not just a numbers guy; he understands the broader market dynamics and focuses on growth and sustainable operations. His leadership style appears direct and pragmatic, favoring measurable results over flashy promotions.