Kite Realty Group Trust (KRG) 10-K 20 Feb 20 2019 FY Annual report Financial data

COVER PAGE

COVER PAGE - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2019	Feb. 14, 2020	Jun. 30, 2019
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	001-33268
Entity Registrant Name	Kite Realty Group Trust
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	11-3715772
Entity Address, Address Line One	30 S. Meridian Street
Entity Address, Address Line Two	Suite 1100
Entity Address, City or Town	Indianapolis
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	46204
City Area Code	317
Local Phone Number	577-5600
Title of 12(b) Security	Common Stock, $0.01 par value per common share
Trading Symbol	KRG
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 1.3
Entity Common Stock, Shares Outstanding		83,984,719
Documents Incorporated by Reference	Portions of the definitive Proxy Statement relating to the Registrant’s Annual Meeting of Shareholders, scheduled to be held on May 14, 2020, to be filed with the Securities and Exchange Commission, are incorporated by reference into Part III, Items 10-14 of this Annual Report on Form 10-K as indicated herein.
Entity Central Index Key	0001286043
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false
Kite Realty Group, LP
Entity Information [Line Items]
Entity File Number	333-202666-01
Entity Registrant Name	Kite Realty Group, L.P.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-1453863
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001636315
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets:
Investment properties at cost:	$ 3,087,391	$ 3,641,120
Less: accumulated depreciation	(666,952)	(699,927)
Investment properties, net	2,420,439	2,941,193
Cash and cash equivalents	31,336	35,376
Tenant and other receivables, including accrued straight-line rent, net of allowance for uncollectible accounts	55,286	58,059
Restricted cash and escrow deposits	21,477	10,130
Deferred costs, net	73,157	95,264
Prepaid and other assets	34,548	12,764
Investments in unconsolidated subsidiaries	12,644	13,496
Assets held for sale	0	5,731
Total Assets	2,648,887	3,172,013
Liabilities and Shareholders' Equity:
Mortgage and other indebtedness, net	1,146,580	1,543,301
Accounts payable and accrued expenses	69,817	85,934
Deferred revenue and other liabilities	90,180	83,632
Total Liabilities	1,306,577	1,712,867
Commitments and contingencies
Limited Partners' interests in Operating Partnership and other	52,574	45,743
Shareholders' Equity
Common Shares	840	838
Additional paid in capital	2,074,436	2,078,099
Accumulated other comprehensive loss	(16,283)	(3,497)
Accumulated deficit	(769,955)	(662,735)
Total Shareholders' Equity	1,289,038	1,412,705
Noncontrolling Interest	698	698
Total Equity	1,289,736	1,413,403
Total Liabilities and Shareholders' Equity	2,648,887	3,172,013
Kite Realty Group, LP
Assets:
Investment properties at cost:	3,087,391	3,641,120
Less: accumulated depreciation	(666,952)	(699,927)
Investment properties, net	2,420,439	2,941,193
Cash and cash equivalents	31,336	35,376
Tenant and other receivables, including accrued straight-line rent, net of allowance for uncollectible accounts	55,286	58,059
Restricted cash and escrow deposits	21,477	10,130
Deferred costs, net	73,157	95,264
Prepaid and other assets	34,548	12,764
Investments in unconsolidated subsidiaries	12,644	13,496
Assets held for sale	0	5,731
Total Assets	2,648,887	3,172,013
Liabilities and Shareholders' Equity:
Mortgage and other indebtedness, net	1,146,580	1,543,301
Accounts payable and accrued expenses	69,817	85,934
Deferred revenue and other liabilities	90,180	83,632
Total Liabilities	1,306,577	1,712,867
Commitments and contingencies
Limited Partners' interests in Operating Partnership and other	52,574	45,743
Shareholders' Equity
Common Shares	1,305,321	1,416,202
Accumulated other comprehensive loss	(16,283)	(3,497)
Total Shareholders' Equity	1,289,038	1,412,705
Noncontrolling Interest	698	698
Total Equity	1,289,736	1,413,403
Total Liabilities and Shareholders' Equity	$ 2,648,887	$ 3,172,013

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Accrued straight-line rent	$ 27,256	$ 31,347
Common Shares, par value (in dollars per share)	$ 0.01	$ 0.01
Common shares, shares authorized (in shares)	225,000,000	225,000,000
Common Shares, shares issued	83,963,369	83,800,886
Common shares outstanding (in shares)	83,963,369	83,800,886
Kite Realty Group, LP
Accrued straight-line rent	$ 27,256	$ 31,347
Common Shares, shares issued	83,963,369	83,800,886
Common shares outstanding (in shares)	83,963,369	83,800,886

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenue:
Rental income	$ 308,399	$ 338,523	$ 346,444
Total revenue	315,173	354,184	358,819
Expenses:
Property operating	45,575
Property operating		50,356	49,643
Real estate taxes	38,777	42,378	43,180
General, administrative, and other	28,214	21,320	21,749
Depreciation and amortization	132,098	152,163	172,091
Impairment charge	37,723	70,360	7,411
Total expenses	282,387	336,577	294,074
Gains on sale of operating properties, net	38,971	3,424	15,160
Operating income	71,757	21,031	79,905
Interest expense	(59,268)	(66,785)	(65,702)
Income tax benefit of taxable REIT subsidiary	282	227	100
Loss on debt extinguishment	(11,572)	0	0
Equity in loss of unconsolidated subsidiaries	(628)	(278)
Other expense, net	(573)	(646)	(415)
Consolidated net (loss) income	(2)	(46,451)	13,888
Net income attributable to noncontrolling interests	(532)	(116)	(2,014)
Net income attributable to parent	$ (534)	$ (46,567)	$ 11,874
Net income per common share – basic:
Net income per common share – basic (in dollars per share)	$ (0.01)	$ (0.56)	$ 0.14
Net income per common share – diluted:
Net income per common share – diluted (in dollars per share)	$ (0.01)	$ (0.56)	$ 0.14
Weighted average common shares outstanding - basic (in shares)	83,926,296	83,693,385	83,585,333
Weighted average common shares outstanding - diluted (in shares)	83,926,296	83,693,385	83,690,418
Dividends declared per common share (in dollars per share)	$ 1.270	$ 1.270	$ 1.225
Change in fair value of derivatives	$ (13,158)
Change in fair value of derivatives		$ (6,647)	$ 3,384
Total comprehensive (loss) income	(13,160)	(53,098)	17,272
Comprehensive loss (income) attributable to noncontrolling interests	(160)	44	(2,092)
Comprehensive income attributable to parent	(13,320)	(53,054)	15,180
Other property related revenue
Revenue:
Total revenue	6,326	13,138	11,998
Fee income
Revenue:
Total revenue	448	2,523	377
Kite Realty Group, LP
Revenue:
Rental income	308,399	338,523	346,444
Total revenue	315,173	354,184	358,819
Expenses:
Property operating	45,575
Property operating		50,356	49,643
Real estate taxes	38,777	42,378	43,180
General, administrative, and other	28,214	21,320	21,749
Depreciation and amortization	132,098	152,163	172,091
Impairment charge	37,723	70,360	7,411
Total expenses	282,387	336,577	294,074
Gains on sale of operating properties, net	38,971	3,424	15,160
Operating income	71,757	21,031	79,905
Interest expense	(59,268)	(66,785)	(65,702)
Income tax benefit of taxable REIT subsidiary	282	227	100
Loss on debt extinguishment	(11,572)	0	0
Equity in loss of unconsolidated subsidiaries	(628)	(278)	0
Other expense, net	(573)	(646)	(415)
Consolidated net (loss) income	(2)	(46,451)	13,888
Net income attributable to noncontrolling interests	(528)	(1,151)	(1,733)
Net income attributable to parent	(534)	(46,567)	11,874
Net income attributable to common shareholders	(530)	(47,602)	12,155
Allocation of net (loss) income:
Limited Partners	4	(1,035)	281
Parent Company	$ (534)	$ (46,567)	$ 11,874
Net income per common share – basic:
Net income per common share – basic (in dollars per share)	$ (0.01)	$ (0.56)	$ 0.14
Net income per common share – diluted:
Net income per common share – diluted (in dollars per share)	$ (0.01)	$ (0.56)	$ 0.14
Weighted average common shares outstanding - basic (in shares)	86,027,409	85,740,449	85,566,272
Weighted average common shares outstanding - diluted (in shares)	86,027,409	85,740,449	85,671,358
Dividends declared per common share (in dollars per share)	$ 1.270	$ 1.270	$ 1.225
Change in fair value of derivatives	$ (13,158)
Change in fair value of derivatives		$ (6,647)	$ 3,384
Total comprehensive (loss) income	(13,160)	(53,098)	17,272
Comprehensive loss (income) attributable to noncontrolling interests	(528)	(1,151)	(1,733)
Comprehensive income attributable to parent	(13,688)	(54,249)	15,539
Kite Realty Group, LP | Other property related revenue
Revenue:
Total revenue	6,326	13,138	11,998
Kite Realty Group, LP | Fee income
Revenue:
Total revenue	$ 448	$ 2,523	$ 377

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Shares	Additional Paid-in Capital	Accumulated Other Comprehensive (Loss) Income	Accumulated Deficit
Beginning balances (in shares) at Dec. 31, 2016		83,545,398
Beginning balances at Dec. 31, 2016	$ 1,643,574	$ 835	$ 2,062,360	$ (316)	$ (419,305)
Stock compensation activity (in shares)		48,670
Stock compensation activity	5,916	$ 1	5,915
Issuance of common shares under at-the-market plan, net (in shares)		0
Other comprehensive income attributable to Kite Realty Group Trust	3,306		0	3,306
Distributions declared to common shareholders	(102,402)			0	(102,402)
Net income (income) attributable to Kite Realty Group Trust	11,874				11,874
Acquisition of partner's noncontrolling interest in Fishers Station operating property	(3,750)		(3,750)		0
Exchange of redeemable noncontrolling interests for common shares (in shares)		12,000
Exchange of redeemable noncontrolling interests for common shares	236		236
Adjustment to redeemable noncontrolling interests	6,657		6,657
Ending balances (in shares) at Dec. 31, 2017		83,606,068
Ending balances at Dec. 31, 2017	1,565,411	$ 836	2,071,418	2,990	(509,833)
Stock compensation activity (in shares)		163,318
Stock compensation activity	5,697	$ 2	5,695
Other comprehensive income attributable to Kite Realty Group Trust	(6,487)			(6,487)
Distributions declared to common shareholders	(106,335)				(106,335)
Net income (income) attributable to Kite Realty Group Trust	(46,567)				(46,567)
Exchange of redeemable noncontrolling interests for common shares (in shares)		31,500
Exchange of redeemable noncontrolling interests for common shares	561		561
Adjustment to redeemable noncontrolling interests	425		425
Ending balances (in shares) at Dec. 31, 2018		83,800,886
Ending balances at Dec. 31, 2018	1,412,705	$ 838	2,078,099	(3,497)	(662,735)
Stock compensation activity (in shares)		152,184
Stock compensation activity	6,149	$ 2	6,147
Other comprehensive income attributable to Kite Realty Group Trust	(12,786)			(12,786)
Distributions declared to common shareholders	(106,686)				(106,686)
Net income (income) attributable to Kite Realty Group Trust	(534)				(534)
Exchange of redeemable noncontrolling interests for common shares (in shares)		10,299
Exchange of redeemable noncontrolling interests for common shares	167		167
Adjustment to redeemable noncontrolling interests	(9,977)		(9,977)
Ending balances (in shares) at Dec. 31, 2019		83,963,369
Ending balances at Dec. 31, 2019	$ 1,289,038	$ 840	$ 2,074,436	$ (16,283)	$ (769,955)

Consolidated Statements of Part

Consolidated Statements of Partners' Equity - USD ($) $ in Thousands	Total	Kite Realty Group, LP	Kite Realty Group, LPGeneral PartnerCommon Equity	Kite Realty Group, LPGeneral PartnerAccumulated Other Comprehensive (Loss) Income
Beginning balance at Dec. 31, 2016		$ 1,643,574	$ 1,643,890	$ (316)
Stock compensation activity		5,916	5,916
Other comprehensive income (loss) attributable to Parent Company		3,306	0	3,306
Distributions declared to Parent Company		(102,402)	(102,402)
Net income (loss) attributable to Parent Company	$ 11,874	11,874	11,874
Acquisition of partner's interest in Fishers Station operating property	(3,750)	(3,750)	(3,750)
Conversion of Limited Partner Units to shares of the Parent Company		236	236
Adjustment to redeemable noncontrolling interests		(6,657)	(6,657)
Ending balance at Dec. 31, 2017		1,565,411	1,562,421	2,990
Stock compensation activity		5,697	5,697
Other comprehensive income (loss) attributable to Parent Company		(6,487)		(6,487)
Distributions declared to Parent Company		(106,335)	(106,335)
Net income (loss) attributable to Parent Company	(46,567)	(46,567)	(46,567)
Conversion of Limited Partner Units to shares of the Parent Company		561	561
Adjustment to redeemable noncontrolling interests		(425)	(425)
Ending balance at Dec. 31, 2018		1,412,705	1,416,202	(3,497)
Stock compensation activity		6,149	6,149
Other comprehensive income (loss) attributable to Parent Company		(12,786)		(12,786)
Distributions declared to Parent Company		(106,686)	(106,686)
Net income (loss) attributable to Parent Company	$ (534)	(534)	(534)
Conversion of Limited Partner Units to shares of the Parent Company		167	167
Adjustment to redeemable noncontrolling interests		(9,977)	(9,977)
Ending balance at Dec. 31, 2019		$ 1,289,038	$ 1,305,321	$ (16,283)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flow from operating activities:
Consolidated net (loss) income	$ (2)	$ (46,451)	$ 13,888
Adjustments to reconcile consolidated net (loss) income to net cash provided by operating activities:
Gain on sale of operating properties	(38,971)	(3,424)	(15,160)
Impairment charge	37,723	70,360	7,411
Loss on debt extinguishment	11,572	0	0
Straight-line rent	(2,158)	(3,060)	(4,696)
Depreciation and amortization	134,860	156,107	174,625
Compensation expense for equity awards	5,375	4,869	5,988
Amortization of debt fair value adjustment	(1,467)	(2,630)	(2,913)
Amortization of in-place lease liabilities	(3,776)	(6,360)	(3,677)
Changes in assets and liabilities:
Tenant receivables	3,170	(642)	(3,442)
Deferred costs and other assets	(6,265)	(13,396)	(11,569)
Accounts payable, accrued expenses, deferred revenue, and other liabilities	(2,099)	(990)	(5,832)
Net cash provided by operating activities	137,962	154,383	154,623
Cash flow from investing activities:
Acquisitions of interests in properties	(58,205)	0	0
Capital expenditures, net	(53,278)	(59,304)	(72,433)
Net proceeds from sales of operating properties	529,417	218,387	76,075
Change in construction payables	(542)	(777)	(4,276)
Capital contribution to unconsolidated joint venture	(798)	(9,973)	(1,400)
Net cash provided by (used in) investing activities	416,594	148,333	(2,034)
Cash flow from financing activities:
Proceeds from issuance of common shares, net	350	76	28
Repurchases of common shares upon the vesting of restricted shares	(533)	(350)	(835)
Acquisition of partner's interest in Fishers Station operating property	0	0	(3,750)
Loan proceeds	75,000	399,500	97,700
Loan transaction costs	0	(5,208)	(357)
Loan payments	(470,515)	(551,379)	(128,800)
Debt extinguishment costs	(14,455)	0	0
Distributions paid – common shareholders	(133,258)	(106,316)	(101,128)
Distributions paid – redeemable noncontrolling interests	(3,838)	(3,716)	(3,922)
Acquisition of partners' interests in Territory joint venture	0	(21,993)	(8,261)
Net cash used in financing activities	(547,249)	(289,386)	(149,325)
Increase in cash, cash equivalents, and restricted cash	7,307	13,330	3,264
Cash, cash equivalents, and restricted cash beginning of year	45,506	32,176	28,912
Cash, cash equivalents, and restricted cash end of year	52,813	45,506	32,176
Supplemental disclosures
Cash paid for interest, net of capitalized interest	60,534	67,998	68,819
Kite Realty Group, LP
Cash flow from operating activities:
Consolidated net (loss) income	(2)	(46,451)	13,888
Adjustments to reconcile consolidated net (loss) income to net cash provided by operating activities:
Gain on sale of operating properties	(38,971)	(3,424)	(15,160)
Impairment charge	37,723	70,360	7,411
Loss on debt extinguishment	11,572	0	0
Straight-line rent	(2,158)	(3,060)	(4,696)
Depreciation and amortization	134,860	156,107	174,625
Compensation expense for equity awards	5,375	4,869	5,988
Amortization of debt fair value adjustment	(1,467)	(2,630)	(2,913)
Amortization of in-place lease liabilities	(3,776)	(6,360)	(3,677)
Changes in assets and liabilities:
Tenant receivables	3,170	(642)	(3,442)
Deferred costs and other assets	(6,265)	(13,396)	(11,569)
Accounts payable, accrued expenses, deferred revenue, and other liabilities	(2,099)	(990)	(5,832)
Net cash provided by operating activities	137,962	154,383	154,623
Cash flow from investing activities:
Acquisitions of interests in properties	(58,205)	0	0
Capital expenditures, net	(53,278)	(59,304)	(72,433)
Net proceeds from sales of operating properties	529,417	218,387	76,075
Change in construction payables	(542)	(777)	(4,276)
Capital contribution to unconsolidated joint venture	(798)	(9,973)	(1,400)
Net cash provided by (used in) investing activities	416,594	148,333	(2,034)
Cash flow from financing activities:
Proceeds from issuance of common shares, net	350	76	28
Repurchases of common shares upon the vesting of restricted shares	(533)	(350)	(835)
Acquisition of partner's interest in Fishers Station operating property	0	0	(3,750)
Loan proceeds	75,000	399,500	97,700
Loan transaction costs	0	(5,208)	(357)
Loan payments	(470,515)	(551,379)	(128,800)
Debt extinguishment costs	(14,455)	0	0
Distributions paid – common shareholders	(133,258)	(106,316)	(101,128)
Distributions paid – redeemable noncontrolling interests	(3,838)	(3,716)	(3,922)
Acquisition of partners' interests in Territory joint venture	0	(21,993)	(8,261)
Net cash used in financing activities	(547,249)	(289,386)	(149,325)
Increase in cash, cash equivalents, and restricted cash	7,307	13,330	3,264
Cash, cash equivalents, and restricted cash beginning of year	45,506	32,176	28,912
Cash, cash equivalents, and restricted cash end of year	52,813	45,506	32,176
Supplemental disclosures
Cash paid for interest, net of capitalized interest	$ 60,534	$ 67,998	$ 68,819

Organization

Organization	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Kite Realty Group Trust (the "Parent Company"), through its majority-owned subsidiary, Kite Realty Group, L.P. (the “Operating Partnership”), owns interests in various operating subsidiaries and joint ventures engaged in the ownership and operation, acquisition, development and redevelopment of high-quality neighborhood and community shopping centers in select markets in the United States. The terms "Company," "we," "us," and "our" refer to the Parent Company and the Operating Partnership, collectively, and those entities owned or controlled by the Parent Company and/or the Operating Partnership. The Operating Partnership was formed on August 16, 2004, when the Parent Company contributed properties and the net proceeds from an initial public offering of shares of its common stock to the Operating Partnership. The Parent Company was organized in Maryland in 2004 to succeed in the development, acquisition, construction and real estate businesses of its predecessor. We believe the Company qualifies as a real estate investment trust (a “REIT”) under provisions of the Internal Revenue Code of 1986, as amended. The Parent Company is the sole general partner of the Operating Partnership, and as of December 31, 2019 owned approximately 97.5% of the common partnership interests in the Operating Partnership (“General Partner Units”). The remaining 2.5% of the common partnership interests (“Limited Partner Units” and, together with the General Partner Units, the “Common Units”) were owned by the limited partners. As the sole general partner of the Operating Partnership, the Parent Company has full, exclusive and complete responsibility and discretion in the day-to-day management and control of the Operating Partnership. The Parent Company and the Operating Partnership are operated as one enterprise. The management of the Parent Company consists of the same members as the management of the Operating Partnership. As the sole general partner with control of the Operating Partnership, the Parent Company consolidates the Operating Partnership for financial reporting purposes, and the Parent Company does not have any significant assets other than its investment in the Operating Partnership. At December 31, 2019 , we owned interests in 90 operating and redevelopment properties totaling approximately 17.4 million square feet. We also owned one development project under construction as of this date. Of the 90 properties, 87 are consolidated in these financial statements, and the remaining three are accounted for under the equity method. At December 31, 2018 , we owned interests in 111 operating and redevelopment properties totaling approximately 21.9 million square feet. We also owned one development project under construction as of this date. Of the 111 properties, 108 are consolidated in these financial statements and the remaining three are accounted for under the equity method.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reported period. Actual results could differ from these estimates. Components of Investment Properties The Company’s investment properties as of December 31, 2019 and December 31, 2018 were as follows: ($ in thousands) Balance at December 31, December 31, Investment properties, at cost: Land, buildings and improvements $ 3,038,412 $ 3,600,743 Furniture, equipment and other 7,775 7,741 Construction in progress 41,204 32,636 $ 3,087,391 $ 3,641,120 Consolidation and Investments in Joint Ventures The accompanying financial statements are presented on a consolidated basis and include all accounts of the Parent Company, the Operating Partnership, the taxable REIT subsidiary of the Operating Partnership, subsidiaries of the Operating Partnership that are controlled and any variable interest entities (“VIEs”) in which the Operating Partnership is the primary beneficiary. In general, a VIE is a corporation, partnership, trust or any other legal structure used for business purposes that either (a) has equity investors that do not provide sufficient financial resources for the entity to support its activities, (b) does not have equity investors with voting rights or (c) has equity investors whose votes are disproportionate from their economics and substantially all of the activities are conducted on behalf of the investor with disproportionately fewer voting rights. The Operating Partnership accounts for properties that are owned by joint ventures in accordance with the consolidation guidance. The Operating Partnership evaluates each joint venture and determines first whether to follow the VIE or the voting interest entity ("VOE") model. Once the appropriate consolidation model is identified, the Operating Partnership then evaluates whether it should consolidate the joint venture. Under the VIE model, the Operating Partnership consolidates an entity when it has (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. Under the VOE model, the Operating Partnership consolidates an entity when (i) it controls the entity through ownership of a majority voting interest if the entity is not a limited partnership or (ii) it controls the entity through its ability to remove the other partners or owners in the entity, at its discretion, when the entity is a limited partnership. In determining whether to consolidate a VIE with the Operating Partnership, we consider all relationships between the Operating Partnership and the applicable VIE, including development agreements, management agreements and other contractual arrangements, in determining whether we have the power to direct the activities of the VIE that most significantly affect the VIE's performance. As of December 31, 2019 , we owned investments in two joint ventures that were VIEs in which the partners did not have substantive participating rights and we were the primary beneficiary. As of this date, these VIEs had total debt of $55.8 million , which were secured by assets of the VIEs totaling $114.1 million . The Operating Partnership guarantees the debt of these VIEs. The Operating Partnership is considered a VIE as the limited partners do not hold kick-out rights or substantive participating rights. The Parent Company consolidates the Operating Partnership as it is the primary beneficiary in accordance with the VIE model. TH Real Estate Joint Venture On June 29, 2018, the Company formed a joint venture involving TH Real Estate (the "TH Real Estate joint venture"). The Company sold three properties to the joint venture valued in the aggregate at $99.8 million and, after considering third party debt obtained by the venture upon formation, the Company contributed $10.0 million for a 20% noncontrolling ownership interest in the venture. The Company serves as the operating member responsible for day-to-day management of the properties and receives property management and leasing fees. Both members have substantive participating rights over major decisions that impact the economics and operations of the joint venture. The Company is accounting for the joint venture on the equity method as it has the ability to exercise influence, but not control over operating and financial policies. Embassy Suites at the University of Notre Dame In December 2017, we formed a new joint venture with an unrelated third party to develop and own an Embassy Suites full-service hotel next to our Eddy Street Commons operating property at the University of Notre Dame. We contributed $1.4 million of cash to the joint venture in return for a 35% ownership interest in the venture. The joint venture has entered into a $33.8 million construction loan, against which $33.6 million was drawn as of December 31, 2019 . The joint venture is not considered a VIE. We are accounting for the joint venture under the equity method as both members have substantive participating rights and we do not control the activities of the venture. Acquisition of Real Estate Properties Upon acquisition of real estate operating properties, we estimate the fair value of acquired identifiable tangible assets and identified intangible assets and liabilities, assumed debt, and any noncontrolling interest in the acquiree at the date of acquisition, based on evaluation of information and estimates available at that date. Based on these estimates, we record the estimated fair value to the applicable assets and liabilities. In making estimates of fair values, a number of sources are utilized, including information obtained as a result of pre-acquisition due diligence, marketing and leasing activities. The estimates of fair value were determined to have primarily relied upon Level 2 and Level 3 inputs, as defined below. Fair value is determined for tangible assets and intangibles, including: • the fair value of the building on an as-if-vacant basis and the fair value of land determined either by comparable market data, real estate tax assessments, independent appraisals or other relevant data; • above-market and below-market in-place lease values for acquired properties, which are based on the present value (using an interest rate which reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management’s estimate of fair market lease rates for the corresponding in-place leases, measured over the remaining non-cancelable term of the leases. Any below-market renewal options are also considered in the in-place lease values. The capitalized above-market and below-market lease values are amortized as a reduction of or addition to rental income over the term of the lease. Should a tenant vacate, terminate its lease, or otherwise notify us of its intent to do so, the unamortized portion of the lease intangibles would be charged or credited to income; • the value of having a lease in place at the acquisition date. We utilize independent and internal sources for our estimates to determine the respective in-place lease values. Our estimates of value are made using methods similar to those used by independent appraisers. Factors we consider in our analysis include an estimate of costs to execute similar leases including tenant improvements, leasing commissions and foregone costs and rent received during the estimated lease-up period as if the space was vacant. The value of in-place leases is amortized to expense over the remaining initial terms of the respective leases; and • the fair value of any assumed financing that is determined to be above or below market terms. We utilize third party and independent sources for our estimates to determine the respective fair value of each mortgage payable. The fair market value of each mortgage payable is amortized to interest expense over the remaining initial terms of the respective loan. We also consider whether there is any value to in-place leases that have a related customer relationship intangible value. Characteristics we consider in determining these values include the nature and extent of existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant’s credit quality, and expectations of lease renewals, among other factors. To date, a tenant relationship has not been developed that is considered to have a current intangible value. Investment Properties Capitalization and Depreciation Investment properties are recorded at cost and include costs of land acquisition, development, pre-development, construction, certain allocated overhead, tenant allowances and improvements, and interest and real estate taxes incurred during construction. Significant renovations and improvements are capitalized when they extend the useful life, increase capacity, or improve the efficiency of the asset. If a tenant vacates a space prior to the lease expiration, terminates its lease, or otherwise notifies the Company of its intent to do so, any related unamortized tenant allowances are expensed over the shortened lease period. Maintenance and repairs that do not extend the useful lives of the respective assets are reflected in property operating expense. Pre-development costs are incurred prior to vertical construction and for certain land held for development during the due diligence phase and include contract deposits, legal, engineering, cost of internal resources and other professional fees related to evaluating the feasibility of developing or redeveloping a shopping center or other project. These pre-development costs are capitalized and included in construction in progress in the accompanying consolidated balance sheets. If we determine that the completion of a development project is no longer probable, all previously incurred pre-development costs are immediately expensed. Land is transferred to construction in progress once construction commences on the related project. We also capitalize costs such as land acquisition, building construction, interest, real estate taxes, and the costs of personnel directly involved with the development of our properties. As a portion of a development property becomes operational, we expense a pro rata amount of related costs. Depreciation on buildings and improvements is provided utilizing the straight-line method over estimated original useful lives ranging from 10 to 35 years. Depreciation on tenant allowances and tenant improvements are provided utilizing the straight-line method over the term of the related lease. Depreciation on equipment and fixtures is provided utilizing the straight-line method over 5 to 10 years. Depreciation may be accelerated for a redevelopment project including partial demolition of existing structure after the asset is assessed for impairment. Impairment Management reviews operational and development projects, land parcels and intangible assets for impairment on a property-by-property basis on at least a quarterly basis or whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. This review for possible impairment requires certain assumptions, estimates, and significant judgment. Impairment losses for investment properties and intangible assets are measured when the undiscounted cash flows estimated to be generated by the investment properties during the expected holding period are less than the carrying amounts of those assets. The evaluation of impairment is subject to certain management assumptions including projected net operating income, anticipated hold period, expected capital expenditures and the capitalization rate used to estimate the property's residual value. Impairment losses are recorded as the excess of the carrying value over the estimated fair value of the asset. Our impairment review for land and development properties assumes we have the intent and the ability to complete the developments or projected uses for the land parcels. If we determine those plans will not be completed or our assumptions with respect to operating assets are not realized, an impairment loss may be appropriate. Asset Held for Sale and Discontinued Operations Operating properties will be classified as held for sale only when those properties are available for immediate sale in their present condition and for which management believes it is probable that a sale of the property will be completed within one year, among other factors. Operating properties classified as held for sale are carried at the lower of cost or fair value less estimated costs to sell. Depreciation and amortization are suspended during the held-for-sale period. Restricted Cash and Escrow Deposits Escrow deposits consist of cash held for real estate taxes, property maintenance, insurance and other requirements at specific properties as required by lending institutions and certain municipalities. In addition, escrow deposits include $13.2 million of proceeds from the sale of an operating property to be utilized to acquire a potential asset in a tax-deferred exchange. Cash and Cash Equivalents We consider all highly liquid investments purchased with an original maturity of 90 days or less to be cash and cash equivalents. From time to time, such investments may temporarily be held in accounts that are in excess of FDIC and SIPC insurance limits; however the Company attempts to limit its exposure at any one time. The following is a summary of our cash, cash equivalents, and restricted cash total as presented in our statements of cash flows for the years ended December 31, 2019, 2018, and 2017: 2019 2018 2017 Cash and cash equivalents 31,336 35,376 24,082 Restricted cash and escrow deposits 21,477 10,130 8,094 Total cash, cash equivalents, restricted cash, and escrow deposits $ 52,813 $ 45,506 $ 32,176 Fair Value Measurements We follow the framework established under accounting standard FASB ASC 820, Fair Value Measurements and Disclosures, for measuring fair value of non-financial assets and liabilities that are not required or permitted to be measured at fair value on a recurring basis but only in certain circumstances, such as a business combination or upon determination of impairment. Assets and liabilities recorded at fair value on the consolidated balance sheets are categorized based on the inputs to the valuation techniques as follows: • Level 1 fair value inputs are quoted prices in active markets for identical instruments to which we have access. • Level 2 fair value inputs are inputs other than quoted prices included in Level 1 that are observable for similar instruments, either directly or indirectly, and appropriately consider counterparty creditworthiness in the valuations. • Level 3 fair value inputs reflect our best estimate of inputs and assumptions market participants would use in pricing an instrument at the measurement date. The inputs are unobservable in the market and significant to the valuation estimate. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. As discussed in Note 8 to the Financial Statements, we have determined that derivative valuations are classified in Level 2 of the fair value hierarchy. Cash and cash equivalents, accounts receivable, escrows and deposits, and other working capital balances approximate fair value. Note 6 to the Financial Statements includes a discussion of the fair values recorded when we recognized impairment charges in 2019, 2018 and 2017. Level 3 inputs to these transactions include our estimations of disposal values. Derivative Financial Instruments The Company accounts for its derivative financial instruments at fair value calculated in accordance with ASC 820, Fair Value Measurements and Disclosures . Gains or losses resulting from changes in the fair values of those derivatives are accounted for depending on the use of the derivative and whether it qualifies for hedge accounting. We use derivative instruments such as interest rate swaps or rate locks to mitigate interest rate risk on related financial instruments. Changes in the fair values of derivatives that qualify as cash flow hedges are recognized in other comprehensive income (“OCI”) while any ineffective portion of a derivative’s change in fair value is recognized immediately in earnings. Gains and losses associated with the transaction are recorded in OCI and amortized over the underlying term of the hedged transaction. As of December 31, 2019 and 2018 , all of our derivative instruments qualify for hedge accounting. Revenue Recognition As a lessor of real estate assets, the Company retains substantially all of the risks and benefits of ownership and accounts for its leases as operating leases. Contractual minimum base rent, percentage rent, and expense reimbursements from tenants for common area maintenance costs, insurance and real estate taxes are our principal sources of revenue. Base minimum rents are recognized on a straight-line basis over the terms of the respective leases. Certain lease agreements contain provisions that grant additional rents based on a tenant’s sales volume (contingent overage rent). Overage rent is recognized when tenants achieve the specified sales targets as defined in their lease agreements. Overage rent is included in rental income in the accompanying consolidated statements of operations for the year ended December 31, 2019. If we determine that collectibility is probable, we recognize income from rentals based on the methodology described above. We have accounts receivable due from tenants and are subject to the risk of tenant defaults and bankruptcies that may affect the collection of outstanding receivables. These receivables are reduced for credit loss that is recognized as a reduction to rental income. We regularly evaluate the collectibility of these lease-related receivables by analyzing past due account balances and consider such facts as the credit quality of our customer, historical write-off experience, tenant credit-worthiness and current economic trends when evaluating the collectibility of rental income. Although we estimate uncollectible receivables and provide for them through charges against income, actual experience may differ from those estimates. We recognize the sale of real estate when control transfers to the buyer. As part of our ongoing business strategy, we will, from time to time, sell land parcels and outlots, some of which are ground leased to tenants. Net gains realized on such sales were $0.2 million , $3.1 million , and $5.2 million for the years ended December 31, 2019 , 2018 , and 2017 , respectively, and are classified as other property related revenue in the accompanying consolidated statements of operations. Tenant and Other Receivables and Allowance for Uncollectible Accounts Tenant receivables consist primarily of billed minimum rent, accrued and billed tenant reimbursements, and accrued straight-line rent. The Company generally does not require specific collateral from its tenants other than corporate or personal guarantees. Other receivables consist primarily of amounts due from municipalities and from tenants for non-rental revenue related activities. An allowance for uncollectible accounts is maintained for estimated losses resulting from the inability of certain tenants or others to meet contractual obligations under their lease or other agreements. Accounts are written off when, in the opinion of management, the balance is uncollectible. The provision for revenues deemed uncollectible, represented 1.1% , 1.0% , 0.8% of total revenues in each of the years ended December 31, 2019 , 2018 and 2017 . Concentration of Credit Risk We may be subject to concentrations of credit risk with regards to our cash and cash equivalents. We place cash and temporary cash investments with high-credit-quality financial institutions. From time to time, such cash and investments may temporarily be in excess of insurance limits. In addition, our accounts receivable from and leases with tenants potentially subjects us to a concentration of credit risk related to our accounts receivable and revenue. Total billed receivables due from tenants leasing space in the states of Florida, Indiana, and Texas, consisted of the following as of December 31, 2019 and 2018 : As of December 31, 2019 2019 2018 Florida 36 % 56 % Indiana 19 % 14 % Texas 7 % 3 % For the years ended December 31, 2019 , 2018 , and 2017 , the Company's revenue recognized from tenants leasing space in the states of Florida, Indiana, and Texas, were as follows: Year Ended December 31, 2019 2018 2017 Florida 25 % 25 % 24 % Indiana 16 % 15 % 14 % Texas 14 % 12 % 13 % Earnings Per Share Basic earnings per share or unit is calculated based on the weighted average number of common shares or units outstanding during the period. Diluted earnings per share or unit is determined based on the weighted average common number of shares or units outstanding during the period combined with the incremental average common shares or units that would have been outstanding assuming the conversion of all potentially dilutive common shares or units into common shares or units as of the earliest date possible. Potentially dilutive securities include outstanding options to acquire common shares; Limited Partner Units, which may be exchanged for either cash or common shares, at the Parent Company’s option and under certain circumstances; appreciation only LTIP units, and deferred common share units, which may be credited to the personal accounts of non-employee trustees in lieu of the payment of cash compensation or the issuance of common shares to such trustees. Limited Partner Units have been omitted from the Parent Company’s denominator for the purpose of computing diluted earnings per share since the effect of including these amounts in the denominator would have no dilutive impact. Weighted average Limited Partner Units outstanding for the years ended December 31, 2019 , 2018 and 2017 were 2.1 million , 2.0 million and 2.0 million , respectively. Less than 0.1 million outstanding options to acquire common shares were excluded from the computations of diluted earnings per share or unit because their impact was not dilutive for each of the twelve months ended December 31, 2019 , 2018 and 2017 . In addition, Limited Partner Units, appreciation only LTIP units, and deferred common share units are excluded from the computation of diluted earnings per share due to the net loss position in 2018 and 2019. Segment Reporting Our primary business is the ownership and operation of neighborhood and community shopping centers. We do not distinguish or group our operations on a geographical basis, or any other basis, when measuring and evaluating financial performance. Accordingly, we have one operating segment, which also serves as our reportable segment for disclosure purposes in accordance with GAAP. Income Taxes and REIT Compliance Parent Company The Parent Company, which is considered a corporation for U.S. federal income tax purposes, has been organized and intends to continue to operate in a manner that will enable it to maintain its qualification as a REIT for federal income tax purposes. As a result, it generally will not be subject to U.S. federal income tax on the earnings that it distributes to the extent it distributes its “REIT taxable income” (determined before the deduction for dividends paid and excluding net capital gains) to shareholders of the Parent Company and meets certain other requirements on a recurring basis. To the extent that it satisfies this distribution requirement, but distributes less than 100% of its taxable income, it will be subject to U.S. federal corporate income tax on its undistributed REIT taxable income. REITs are subject to a number of organizational and operational requirements. If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal income tax on its taxable income at regular corporate rates for a period of four years following the year in which qualification is lost. We may also be subject to certain U.S. federal, state and local taxes on our income and property and to federal income and excise taxes on our undistributed taxable income even if the Parent Company does qualify as a REIT. The Operating Partnership intends to continue to make distributions to the Parent Company in amounts sufficient to assist the Parent Company in adhering to REIT requirements and maintaining its REIT status. We have elected to treat Kite Realty Holdings, LLC as a taxable REIT subsidiary of the Operating Partnership, and we may elect to treat other subsidiaries as taxable REIT subsidiaries in the future. This election enables us to receive income and provide services that would otherwise be impermissible for a REIT. Deferred tax assets and liabilities are established for temporary differences between the financial reporting bases and the tax bases of assets and liabilities at the tax rates expected to be in effect when the temporary differences reverse. Deferred tax assets are reduced by a valuation allowance if it is more likely than not that some portion or all of the deferred tax asset will not be realized. Our tax return for the year ended December 31, 2019 has not been filed. The taxability information presented for our dividends paid in 2019 is based upon management's estimate. Consequently, the taxability of dividends is subject to change. A summary of the tax characterization of the dividends paid by the Parent Company for the years ended December 31, 2019 , 2018 , and 2017 is as follows: 2019 2018 2017 Ordinary income 29.7 % 56.0 % 65.2 % Return of capital 35.2 % 44.0 % 24.3 % Capital gains 35.1 % — % 10.5 % Balance, end of year 100.0 % 100.0 % 100.0 % Operating Partnership The allocated share of income and loss, other than the operations of our taxable REIT subsidiary, is included in the income tax returns of the Operating Partnership's partners. Accordingly, the only U.S. federal income taxes included in the accompanying consolidated financial statements are in connection with the taxable REIT subsidiary. Noncontrolling Interests We report the non-redeemable noncontrolling interests in subsidiaries as equity and the amount of consolidated net income attributable to these noncontrolling interests is set forth separately in the consolidated financial statements. The non-redeemable noncontrolling interests in consolidated properties for the years ended December 31, 2019 , 2018 , and 2017 were as follows: ($ in thousands) 2019 2018 2017 Noncontrolling interests balance January 1 $ 698 $ 698 $ 692 Net income allocable to noncontrolling interests, — — 6 Distributions to noncontrolling interests — — — Noncontrolling interests balance at December 31 $ 698 $ 698 $ 698 Redeemable Noncontrolling Interests – Limited Partners Limited Partner Units are redeemable noncontrolling interests in the Operating Partnership. We classify redeemable noncontrolling interests in the Operating Partnership in the accompanying consolidated balance sheets outside of permanent equity because we may be required to pay cash to holders of Limited Partner Units upon redemption of their interests in the Operating Partnership or deliver registered shares upon their conversion. The carrying amount of the redeemable noncontrolling interests in the Operating Partnership is reflected at the greater of historical book value or redemption value with a corresponding adjustment to additional paid-in capital. At December 31, 2019 , the redemption value of the redeemable noncontrolling interests in the Operating Partnership exceeded the historical book value, and the balance was accordingly adjusted to redemption value. At December 31, 2018, the redemption value of the redeemable noncontrolling interests in the Operating Partnership did not exceed the historical book value, and the balance was accordingly adjusted to historical book value. We allocate net operating results of the Operating Partnership after noncontrolling interests in the consolidated properties based on the partners’ respective weighted average ownership interest. We adjust the redeemable noncontrolling interests in the Operating Partnership at the end of each reporting period to reflect their interests in the Operating Partnership or redemption value. This adjustment is reflected in our shareholders’ and Parent Company's equity. For the years ended December 31, 2019 , 2018 , and 2017 , the weighted average interests of the Parent Company and the limited partners in the Operating Partnership were as follows: Year Ended December 31, 2019 2018 2017 Parent Company’s weighted average interest in 97.6 % 97.6 % 97.7 % Limited partners' weighted average interests in 2.4 % 2.4 % 2.3 % At December 31, 2019 , the Parent Company's interest and the limited partners' redeemable noncontrolling ownership interests in the Operating Partnership were 97.5% and 2.5% . At December 31, 2018, the Parent Company's interest and the limited partners' redeemable noncontrolling ownership interests in the Operating Partnership were 97.6% and 2.4% . Concurrent with the Parent Company’s initial public offering and related formation transactions, certain individuals received Limited Partner Units of the Operating Partnership in exchange for their interests in certain properties. The limited partners have the right to redeem Limited Partner Units for cash or, at the Parent Company's election, common shares of the Parent Company in an amount equal to the market value of an equivalent number of common shares of the Parent Company at the time of redemption. Such common shares must be registered, which is not fully in the Parent Company’s control. Therefore, the limited partners’ interest is not reflected in permanent equity. The Parent Company also has the right to redeem the Limited Partner Units directly from the limited partner in exchange for either cash in the amount specified above or a number of its common shares equal to the number of Limited Partner Units being redeemed. There were 2,110,037 and 2,035,349 Limited Partner Units outstanding as of December 31, 2019 and 2018 , respectively. The increase in Limited Partner Units outstanding from December 31, 2018 is due primarily to non-cash compensation awards made to our executive officers. Redeemable Noncontrolling Interests - Subsidiaries Prior to our merger with Inland Diversified Real Estate Trust, Inc. ("Inland Diversified") in 2014, Inland Diversified formed joint ventures with the previous owners of certain properties and issued Class B units in three joint ventures that indirectly own those properties. The Class B units related to one of these three joint ventures remain outstanding and are accounted for as noncontrolling interests in these properties. The remaining Class B units will become redeemable at our partner's election in October 2022 based on the joint venture agreement and the fulfillment of certain redemption criteria. Beginning in November 2022, with respect to the remaining joint venture, the Class B units can be redeemed at the election of either our partner or us for cash or Limited Partner Units in the Operating Partnership. None of the issued Class B units have a maturity date and none are mandatorily redeemable unless either party has elected for the units to be redeemed. We consolidate this joint venture because we control the decision making and our joint venture partner has limited protective rights. In March 2017, certain Class B unit holders exercised their right to redeem $8.3 million of their Class B units for cash. We funded the redemption in December 2017 usin

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation Overview The Company's 2013 Equity Incentive Plan (the "Plan"), as amended and restated as of February 28, 2019, authorizes options to acquire common shares and other share-based compensation awards to be granted to employees and trustees for up to an additional 3,000,000 common share equivalents of the Company. The Company accounts for its share-based compensation in accordance with the fair value recognition provisions provided under Topic 718—“Stock Compensation” in the Accounting Standards Codification. The total share-based compensation expense, net of amounts capitalized, included in general and administrative expenses for the years ended December 31, 2019 , 2018 , and 2017 was $5.3 million , $4.9 million , and $5.8 million , respectively. For the years ended December 31, 2019 , 2018 , and 2017 , total share-based compensation cost capitalized for development activities was $1.1 million , $1.7 million , and $1.7 million , respectively. The Company recognizes forfeitures as they occur. As of December 31, 2019 , there were 2,665,383 shares and units available for grant under the Plan. Share Options Pursuant to the Plan, the Company may periodically grant options to purchase common shares at an exercise price equal to the grant date fair value of the Company's common shares. Granted options typically vest over a five year period and expire 10 years from the grant date. The Company issues new common shares upon the exercise of options. A summary of option activity under the Plan as of December 31, 2019 , and changes during the year then ended, is presented below: ($ in thousands, except share and per share data) Aggregate Intrinsic Value Weighted-Average Remaining Contractual Term (in years) Options Weighted-Average Exercise Price Outstanding at January 1, 2019 60,567 $ 17.08 Granted — — Exercised (33,375 ) 14.48 Expired — — Forfeited (3,125 ) 17.00 Outstanding at December 31, 2019 $ 12 1.13 24,067 $ 20.25 Exercisable at December 31, 2019 $ 12 1.13 24,067 $ 20.25 Exercisable at December 31, 2018 60,567 $ 17.08 There were no options granted in 2019 , 2018 or 2017 . The aggregate intrinsic value of the 33,375 and 3,125 options exercised during the years ended December 31, 2019 and 2018 was $86,000 and $23,000 , respectively. There were no options exercised in 2017. Restricted Shares In addition to share option grants, the Plan also authorizes the grant of share-based compensation awards in the form of restricted common shares. Under the terms of the Plan, these restricted shares, which are considered to be outstanding shares from the date of grant, typically vest over a period ranging from three to five years. The Company pays dividends on restricted shares and such dividends are charged directly to shareholders’ equity. The following table summarizes all restricted share activity to employees and non-employee members of the Board of Trustees as of December 31, 2019 and changes during the year then ended: Number of Restricted Shares Weighted Average Grant Date Fair Value per share Restricted shares outstanding at January 1, 2019 313,288 $ 18.99 Shares granted 154,440 15.84 Shares forfeited (8,457 ) 17.63 Shares vested (138,269 ) 19.74 Restricted shares outstanding at December 31, 2019 321,002 $ 17.19 The following table summarizes the restricted share grants and vestings during the years ended December 31, 2019 , 2018 , and 2017 : ($ in thousands, except share and per share data) Number of Restricted Shares Granted Weighted Average Fair Value of Restricted Shares Vested 2019 154,440 $ 15.84 $ 2,270 2018 202,043 15.35 2,038 2017 85,150 22.15 2,529 As of December 31, 2019 , there was $3.9 million of total unrecognized compensation cost related to restricted shares granted under the Plan, which is expected to be recognized in the consolidated statements of operations over a weighted-average period of 1.26 years. We expect to incur $1.8 million of this expense in 2020 , $1.4 million in 2021 , $0.6 million in 2022 , and the remainder in 2023 . Performance Awards In 2016, the Compensation Committee established overall target values for incentive compensation for each executive officer, with 40% of the target value being granted in the form of time-based awards and the remaining 60% being granted in the form of performance awards. In 2017, the Compensation Committee awarded each of the four named executive officers a three -year performance award in the form of PSUs. The PSUs may be earned over a three -year performance period from January 1, 2017 to December 31, 2019. The performance criteria will be based 50% on the absolute TSR achieved by the Company over the three -year measurement period and 50% on the relative TSR achieved by the Company measured against a peer group over the three -year measurement period. The total number of PSUs issued to the executive officers was based on a target value of $2.0 million , but may be earned in a range from 0% to 200% of the target value depending on our absolute TSR over the measurement period and our relative TSR over the measurement period in relation to the peer group. Approximately 73,000 PSU's were earned based upon the Company's performance on the relative TSR measurement. In 2018, the Compensation Committee awarded each of the four named executive officers a three -year performance award in the form of PSUs. The PSUs may be earned over a three -year performance period from January 1, 2018 to December 31, 2020. The performance criteria will be based 60% on the relative TSR achieved by the Company measured against a peer group over the three -year measurement period and 40% on the achievement of a defined funds available for distribution ("FAD"). The total number of PSUs issued to the executive officers was based upon a target value of $2.4 million , but may be earned in a range of 0% to 200% of the target. Additionally, any PSUs earned based on the achievement of the pre-established FAD goals will be subject to adjustment (either up or down 25% ) based on the Company's absolute TSR over the three -year measurement period. The 2018 and 2017 PSUs were valued at an aggregate value of $2.2 million and $2.2 million , respectively, utilizing a Monte Carlo simulation. We expect to incur $0.7 million of this expense in 2020 and less than $0.1 million in 2021 . Restricted Units Time-based restricted unit awards were made on a discretionary basis in 2017 , 2018 , and 2019 based on review of each prior year's performance. The following table summarizes the activity for time-based restricted unit awards for the year ended December 31, 2019 : Number of Restricted Units Weighted Average Grant Date Fair Value per unit Restricted units outstanding at January 1, 2019 124,662 $ 17.60 Restricted units granted 84,987 14.11 Restricted units vested (45,633 ) 18.10 Restricted units outstanding at December 31, 2019 164,016 $ 15.65 The following table summarizes the time-based restricted unit grants and vestings during the years ended December 31, 2019 , 2018 , and 2017 : ($ in thousands, except unit and per unit data) Number of Restricted Units Granted Weighted Average Fair Value of Restricted Units Vested 2019 84,987 $ 14.11 $ 749 2018 92,019 13.16 1,924 2017 44,490 23.22 1,516 As of December 31, 2019 , there was $1.5 million of total unrecognized compensation cost related to restricted units granted under the Plan, which is expected to be recognized in the consolidated statements of operations over a weighted-average period of 0.98 years. We expect to incur $1.0 million of this expense in 2020 , $0.5 million in 2021 , and the remainder in 2022 . AO LTIP Units During 2019, in connection with its annual review of executive compensation and as described in the table below, the Compensation Committee of the Company's Board of Trustees approved an aggregate grant of AO LTIP Units (the “awards”) to the Company’s executive officers under the Plan. Executive Number of AO LTIP Units Participation Threshold per AO LTIP Unit John A. Kite 1,490,683 $ 15.79 Thomas A. McGowan 372,671 $ 15.79 Heath R. Fear 253,416 $ 15.79 Scott E. Murray 186,335 $ 15.79 The Company entered into an award agreement with each executive officer with respect to his awards, which provide terms of vesting, conversion, distribution, and other terms. AO LTIP Units are designed to have economics similar to stock options and allow the recipient, subject to vesting requirements, to realize value above a threshold level set as of the grant date of the award (the “Participation Threshold”). The value of vested AO LTIP Units is realized through conversion into a number of vested LTIP Units in the Operating Partnership determined on the basis of how much the value of a common share of the Company has increased over the Participation Threshold. The AO LTIP Units are only exercisable and convertible into vested LTIP Units of the Operating Partnership to the extent that they become vested AO LTIP Units. The awards of AO LTIP Units are subject to both time-based and stock price performance-based vesting requirements. Subject to the terms of the award agreement, the AO LTIP Units shall vest and become fully exercisable as of the date that both of the following requirements have been met: (i) the grantee remains in continuous service from the grant date through the third anniversary of the grant date; and (ii) at any time during the five -year period following the grant date, the reported closing price per common share of the Company appreciates at least 20% over the applicable Participation Threshold per AO LTIP Unit (as set forth in the table above) for a minimum of 20 consecutive trading days. Any AO LTIP Units that do not become vested will be forfeited and become null and void as of the fifth anniversary of the grant date, but AO LTIP Units may also be forfeited earlier in connection with a corporate transaction or with the holder’s termination of service. The AO LTIP Units were valued using a Monte Carlo simulation, and the resulting total compensation expense of $3.7 million is being amortized over three years . We recognized $1.0 million of compensation expense in 2019 . We expect to incur $1.2 million of this expense in 2020 , $1.2 million of this expense in 2021

Deferred Costs and Intangibles,

Deferred Costs and Intangibles, net	12 Months Ended
	Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Costs and Intangibles, net	Deferred Costs and Intangibles, net Deferred costs consist primarily of acquired lease intangible assets, broker fees and capitalized salaries and related benefits incurred in connection with lease originations. Deferred leasing costs, lease intangibles and similar costs are amortized on a straight-line basis over the terms of the related leases. At December 31, 2019 and 2018 , deferred costs consisted of the following: ($ in thousands) 2019 2018 Acquired lease intangible assets $ 60,862 $ 81,852 Deferred leasing costs and other 62,109 69,870 122,971 151,722 Less—accumulated amortization (49,814 ) (56,307 ) Subtotal $ 73,157 $ 95,415 Less - asset held for sale — (151 ) Total 73,157 95,264 The estimated net amounts of amortization from acquired lease intangible assets for each of the next five years and thereafter are as follows: ($ in thousands) Amortization of above market leases Amortization of acquired lease intangible assets Total 2020 $ 926 $ 4,846 $ 5,772 2021 681 3,872 4,553 2022 446 3,184 3,630 2023 424 2,463 2,887 2024 401 1,912 2,313 Thereafter 1,343 15,207 16,550 Total $ 4,221 $ 31,484 $ 35,705 Amortization of deferred leasing costs, leasing intangibles and other is included in depreciation and amortization expense in the accompanying consolidated statements of operations. The amortization of above market lease intangibles is included as a reduction to revenue. The amounts of such amortization included in the accompanying consolidated statements of operations are as follows: ($ in thousands) For the year ended December 31, 2019 2018 2017 Amortization of deferred leasing costs, lease intangibles and other $ 14,239 $ 18,648 $ 22,960 Amortization of above market lease intangibles 1,200 2,553 4,025

Deferred Revenue, Intangibles,

Deferred Revenue, Intangibles, Net and Other Liabilities	12 Months Ended
	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
Deferred Revenue, Intangibles, Net and Other Liabilities	Deferred Revenue, Intangibles, Net and Other Liabilities Deferred revenue and other liabilities consist of the unamortized fair value of below market lease liabilities recorded in connection with purchase accounting, retainage payables for development and redevelopment projects, tenant rent payments received in advance of the month in which they are due, and lease liabilities recorded upon adoption of ASU 2016-02. The amortization of below market lease liabilities is recognized as revenue over the remaining life of the leases (including option periods for leases with below market renewal options) through 2046. Tenant rent payments received in advance are recognized as revenue in the period to which they apply, which is typically the month following their receipt. At December 31, 2019 and 2018 , deferred revenue, intangibles, net and other liabilities consisted of the following: ($ in thousands) 2019 2018 Unamortized in-place lease liabilities $ 50,072 $ 69,501 Retainages payable and other 2,254 2,489 Tenant rents received in advance 10,839 11,642 Lease liabilities 27,015 — Total $ 90,180 $ 83,632 The amortization of below market lease intangibles is included as a component of minimum rent in the accompanying consolidated statements and was $5.0 million , $8.9 million and $7.7 million for the years ended December 31, 2019 , 2018 and 2017 , respectively. The estimated net amounts of amortization of in-place lease liabilities and the increasing effect on minimum rent for each of the next five years and thereafter is as follows: ($ in thousands) 2020 $ 3,192 2021 2,973 2022 2,772 2023 2,584 2024 2,474 Thereafter 36,077 Total $ 50,072

Disposals of Operating Properti

Disposals of Operating Properties and Impairment Charges	12 Months Ended
	Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Disposals of Operating Properties and Impairment Charges	Disposals of Operating Properties and Impairment Charges In February 2019, the Company announced a plan to market and sell up to $500 million in non-core assets as part of a program designed to improve the Company's portfolio quality, reduce its leverage, and focus operations on markets where the Company believes it can gain scale and generate attractive risk-adjusted returns. During the year ended December 31, 2019, we sold twenty-three operating properties for aggregate gross proceeds of $543.8 million . The following summarizes our 2019 operating property dispositions: Property Name MSA Disposition Date Whitehall Pike Bloomington, IN March 2019 Beechwood Promenade Athens, GA April 2019 Village at Bay Park Green Bay, WI May 2019 Lakewood Promenade Jacksonville, FL May 2019 Palm Coast Landing Palm Coast, FL May 2019 Lowe's - Perimeter Woods Charlotte, NC May 2019 Cannery Corner Las Vegas, NV June 2019 Temple Terrace Tampa, FL June 2019 University Town Center Oklahoma City, OK June 2019 Gainesville Plaza Gainesville, FL July 2019 Bolton Plaza Jacksonville, FL July 2019 Eastgate Plaza Las Vegas, NV July 2019 Burnt Store Punta Gorda, FL July 2019 Landstown Commons Virginia Beach, VA August 2019 Lima Marketplace Fort Wayne, IN September 2019 Hitchcock Plaza Aiken, SC September 2019 Merrimack Village Center Manchester, NH September 2019 Publix at Acworth Atlanta, GA October 2019 The Centre at Panola Atlanta, GA October 2019 Beacon Hill Crown Point, IN October 2019 Bell Oaks Centre Evansville, IN November 2019 South Elgin Commons Chicago, IL December 2019 Boulevard Crossing Kokomo, IN December 2019 The Company recorded a net gain of $39.0 million as a result of the 2019 disposal activity. During 2019, in connection with the preparation and review of the financial statements for the applicable periods, we evaluated a total of seven operating properties for impairment and recorded a cumulative $37.7 million impairment charge due to changes in facts and circumstances underlying the Company's expected future hold period of these properties. A shortening of the expected future hold period is considered an impairment indicator under applicable accounting rules, and this indicator caused us to further evaluate the carrying value of these properties. We concluded the estimated undiscounted cash flows over the expected holding period did not exceed the carrying value of these assets given the new holding period, leading to the charge. We estimated the fair value using the market approach by utilizing recent sales offers without adjustment. We compared the estimate aggregate fair value of $176 million to the carrying values, which resulted in the recording of the non-cash impairment charge of $37.7 million for the year ended December 31, 2019. During the year ended December 31, 2018, we sold six operating properties for aggregate gross proceeds of $122.2 million . The following summarizes our 2018 operating property dispositions: Property Name MSA Disposition Date Trussville Promenade Birmingham, AL February 2018 Memorial Commons Goldsboro, NC March 2018 Lake Lofts at Deerwood Jacksonville, FL November 2018 Hamilton Crossing Knoxville, TN November 2018 Fox Lake Crossing Chicago, IL December 2018 Lowe's Plaza Las Vegas, NV December 2018 In addition, we entered into a joint venture with TH Real Estate by selling an 80% interest in three operating assets for an agreed upon value of $99.8 million . The properties sold to the joint venture were the following: Property Name MSA Disposition Date Livingston Shopping Center New York/Northern New Jersey June 2018 Plaza Volente Austin, TX June 2018 Tamiami Crossing Naples, FL June 2018 The Company recorded a net gain of $3.4 million as a result of the 2018 disposal activity. During 2018, in connection with the preparation and review of the financial statements for the applicable periods, we evaluated a total of seven operating properties and land previously held for development for impairment and recorded a cumulative $70.4 million impairment charge due to changes in facts and circumstances underlying the Company's expected future hold period of these properties and decision to not move forward with development of the land. A shortening of an expected future hold period is considered an impairment indicator under applicable accounting rules, and this indicator caused us to further evaluate the carrying value of these properties. We concluded the estimated undiscounted cash flows over the expected holding period did not exceed the carrying value of these assets given the new holding period, leading to the charge. We estimated the fair value using the market approach by utilizing recent sales offers without adjustment. We compared the estimated aggregate fair value of $130.2 million to the carrying values, which resulted in the recording of the non-cash impairment charges totaling $70.4 million for the year ended December 31, 2018. As of December 31, 2018, the Company classified its Whitehall Pike operating property as held for sale. This asset was sold in March 2019. During the year ended December 31, 2017, we sold four operating properties for aggregate gross proceeds of $76.1 million and a net gain of $15.2 million . The following summarizes our 2017 operating property dispositions. Property Name MSA Disposition Date Cove Center Stuart, FL March 2017 Clay Marketplace Birmingham, AL June 2017 The Shops at Village Walk Fort Myers, FL June 2017 Wheatland Towne Crossing Dallas, TX June 2017 In connection with the preparation and review of the financial statements for the three months ended March 31, 2017, we evaluated an operating property for impairment including shortening of the intended holding period. We concluded the estimated undiscounted cash flows over the expected holding period did not exceed the carrying value of the asset. The Company estimated the fair value of the property to be $26.0 million using Level 3 inputs within the fair value hierarchy, primarily using the market approach. We compared the fair value measurement to the carrying value, which resulted in the recording of a non-cash impairment charge of $7.4 million . This property was sold during 2017. The results of all the operating properties sold in 2019 , 2018 , and 2017 are not included in discontinued operations in the accompanying statements of operations as none of the operating properties individually, nor in the aggregate, represent a strategic shift that has had or will have a material effect on our operations or financial results.

Mortgage and Other Indebtedness

Mortgage and Other Indebtedness	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Mortgage and Other Indebtedness	Mortgage and Other Indebtedness Mortgage and other indebtedness consisted of the following as of December 31, 2019 and 2018 : ($ in thousands) As of December 31, 2019 Principal Unamortized Net Premiums Unamortized Debt Issuance Costs Total Senior Unsecured Notes—Fixed Rate Maturing at various dates from September 2023 through September 2027; interest rates ranging from 4.00% to 4.57% at December 31, 2019 $ 550,000 $ — $ (4,231 ) $ 545,769 Unsecured Revolving Credit Facility Matures April 2022 1 ; borrowing level up to $583.4 million available at December 31, 2019; interest at LIBOR + 1.15% or 2.91% at December 31, 2019 — — (2,625 ) (2,625 ) Unsecured Term Loans Matures October 2025; interest at LIBOR + 2.00% or 3.76% at December 31, 2019 250,000 — (1,859 ) 248,141 Mortgage Notes Payable—Fixed Rate Generally due in monthly installments of principal and interest; maturing at various dates from April 2022 through June 2030; interest rates ranging from 3.78% to 5.73% at December 31, 2019 297,472 2,176 (40 ) 299,608 Mortgage Notes Payable—Variable Rate Due in monthly installments of principal and interest; maturing in February 2022; interest at LIBOR + 1.60% or 3.36% at December 31, 2019 55,830 — (143 ) 55,687 Total mortgage and other indebtedness $ 1,153,302 $ 2,176 $ (8,898 ) $ 1,146,580 ($ in thousands) As of December 31, 2018 Principal Unamortized Net Premiums Unamortized Debt Issuance Costs Total Senior Unsecured Notes—Fixed Rate Maturing at various dates from September 2023 through September 2027; interest rates ranging from 4.00% to 4.57% at December 31, 2018 $ 550,000 $ — $ (4,864 ) $ 545,136 Unsecured Revolving Credit Facility Matures April 2022 1 ; borrowing level up to $449.5 million available at December 31, 2018; interest at LIBOR + 1.15% 2 or 3.65% at December 31, 2018 45,600 — (3,796 ) 41,804 Unsecured Term Loans $95 million matures July 2021; interest at LIBOR + 1.30% 2 or 3.80% at December 31, 2018; $250 million matures October 2025; interest at LIBOR + 2.00% or 4.50% at December 31, 2018 345,000 — (2,470 ) 342,530 Mortgage Notes Payable—Fixed Rate Generally due in monthly installments of principal and interest; maturing at various dates from September 2020 through June 2030; interest rates ranging from 3.78% to 6.78% at December 31, 2018 534,679 6,566 (584 ) 540,661 Mortgage Notes Payable—Variable Rate Due in monthly installments of principal and interest; maturing at various dates February 2022 through June 2025; interest at LIBOR + 1.50%-1.60%, ranging from 4.00% to 4.10% at December 31, 2018 73,491 — (321 ) 73,170 Total mortgage and other indebtedness $ 1,548,770 $ 6,566 $ (12,035 ) $ 1,543,301 ____________________ 1 The Company can extend the maturity date for two additional periods of six months each, subject to certain conditions. 2 The interest rates on our unsecured revolving credit facility and unsecured term loan varied at certain parts of the year due to provisions in the agreement and the amendment and restatement of the agreement. The one month LIBOR interest rate was 1.76% and 2.50% as of December 31, 2019 and 2018 , respectively. Debt Issuance Costs Debt issuance costs are amortized on a straight-line basis over the terms of the respective loan agreements. The accompanying consolidated statements of operations include the following amounts of amortization of debt issuance costs as a component of interest expense: ($ in thousands) For the year ended December 31, 2019 2018 2017 Amortization of debt issuance costs $ 2,762 $ 3,944 $ 2,534 Unsecured Revolving Credit Facility and Unsecured Term Loans On April 24, 2018, the Company and Operating Partnership entered into the First Amendment (the “Amendment”) to the Fifth Amended and Restated Credit Agreement (the “Existing Credit Agreement,” and as amended by the Amendment, the “Amended Credit Agreement”), dated as of July 28, 2016, by and among the Operating Partnership, as borrower, the Company, as guarantor (pursuant to a springing guaranty, dated as of July 28, 2016), KeyBank National Association, as administrative agent, and the other lenders party thereto. The Amendment increases (i) the aggregate principal amount available under the unsecured revolving credit facility (the “Credit Facility”) from $500 million to $600 million , (ii) the amount of the letter of credit issuances the Operating Partnership may utilize under the Credit Facility from $50 million to $60 million , and (iii) swingline loan capacity from $50 million to $60 million in same day borrowings. Under the Amended Credit Agreement, the Operating Partnership has the option to increase the Credit Facility to $1.2 billion (increased from $1 billion under the Existing Credit Agreement) upon the Operating Partnership’s request, subject to certain conditions, including obtaining commitments from any one or more lenders, whether or not currently party to the Amended Credit Agreement, to provide such increased amounts. The Amendment extends the scheduled maturity date of the Credit Facility from July 28, 2020 to April 22, 2022 (which maturity date may be extended for up to two additional periods of six months at the Operating Partnership’s option subject to certain conditions). Among other things, the Amendment also improves the Operating Partnership’s leverage ratio calculation by changing the definition of capitalization rate to six and one-half percent ( 6.5% ) from six and three-fourths percent ( 6.75% ), which increases the Operating Partnership’s total asset value as calculated under the Amended Credit Agreement On October 25, 2018, the Operating Partnership entered into a Term Loan Agreement (the “Agreement”) with KeyBank National Association, as Administrative Agent (the “Agent”), and the other lenders party thereto, providing for an unsecured term loan facility of up to $250 million (the “Term Loan”). The Term Loan ranks pari passu with the Operating Partnership’s existing $600 million unsecured revolving credit facility documented in the Operating Partnership’s Fifth Amended and Restated Credit Agreement, dated as of July 28, 2016, as amended (the “Existing Credit Agreement”), and other unsecured indebtedness of the Operating Partnership. The Term Loan has a scheduled maturity date of October 24, 2025, which maturity date may be extended for up to three additional periods of one year at the Operating Partnership’s option subject to certain conditions. The Operating Partnership has the option to increase the Term Loan to $300 million , subject to certain conditions, including obtaining commitments from any one or more lenders, whether or not currently party to the Agreement, to provide such increased amounts. The Operating Partnership is permitted to prepay the Term Loan in whole or in part, at any time, subject to a prepayment fee if prepaid on or before October 25, 2023. As of December 31, 2019 , there was no balance outstanding under the Credit Facility. Additionally, we had letters of credit outstanding which totaled $1.2 million , against which no amounts were advanced as of December 31, 2019 . The amount that we may borrow under our Credit Facility is limited by the value of the assets in our unencumbered asset pool. As of December 31, 2019 , the value of the assets in our unencumbered asset pool, calculated pursuant to the Credit Facility agreement, was $1.4 billion . Taking into account outstanding borrowings on the line of credit, term loans, unsecured notes and letters of credit, we had $583.4 million available under our Credit Facility for future borrowings as of December 31, 2019 . Our ability to borrow under the Credit Facility is subject to our compliance with various restrictive and financial covenants, including with respect to liens, indebtedness, investments, dividends, mergers and asset sales. As of December 31, 2019 , we were in compliance with all such covenants. Senior Unsecured Notes The Operating Partnership has $550 million of senior unsecured notes maturing at various dates through September 2027 (the "Notes"). The Notes contain a number of customary financial and restrictive covenants. As of December 31, 2019 , we were in compliance with all such covenants. Mortgage Loans Mortgage loans are secured by certain real estate and in some cases by guarantees from the Operating Partnership, and are generally due in monthly installments of interest and principal and mature over various terms through 2030. Debt Maturities The following table presents maturities of mortgage debt and corporate debt as of December 31, 2019 : ($ in thousands) Scheduled Principal Payments Term Maturities Total 2020 $ 2,226 $ — $ 2,226 2021 2,303 — 2,303 2022 1,043 178,877 179,920 2023 806 256,517 257,323 2024 854 — 854 Thereafter 5,576 705,100 710,676 $ 12,808 $ 1,140,494 $ 1,153,302 Unamortized net debt premiums and issuance costs, net (6,722 ) Total $ 1,146,580 Other Debt Activity For the year ended December 31, 2019 , we had total new borrowings of $75.0 million and total repayments of $470.5 million . In addition to the items mentioned above, the components of this activity were as follows: • We retired sixteen fixed-rate secured loans and one variable-rate secured loan for $250.9 million in connection with the sale of operating properties; • We repaid $120.6 million on the Credit Facility using proceeds from the sale of operating properties; • We borrowed $30.0 million on the Credit Facility to fund the acquisition of the Pan Am Plaza Garage; • We borrowed $45.0 million on the Credit Facility to fund development activities, redevelopment activities, tenant improvement costs, and other working capital needs; and • We made scheduled principal payments on indebtedness during the year totaling $4.1 million . The amount of interest capitalized in 2019 , 2018 , and 2017 was $1.9 million , $1.8 million , and $3.1 million , respectively. Fair Value of Fixed and Variable Rate Debt As of December 31, 2019 , the estimated fair value of fixed rate debt was $864.0 million compared to the book value of $847.5 million . The fair value was estimated using Level 2 and 3 inputs with cash flows discounted at current borrowing rates for similar instruments, which ranged from 3.19% to 3.78% . As of December 31, 2019 , the estimated fair value of variable rate debt was $307.6 million compared to the book value of $305.8 million . The fair value was estimated using Level 2 and 3 inputs with cash flows discounted at current borrowing rates for similar instruments, which ranged from 3.39% to 3.47% .

Derivative Instruments, Hedging

Derivative Instruments, Hedging Activities and Other Comprehensive Income	12 Months Ended
	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments, Hedging Activities and Other Comprehensive Income	Derivative Instruments, Hedging Activities and Other Comprehensive Income In order to manage potential future variable interest rate risk, we enter into interest rate derivative agreements from time to time. We do not use such agreements for trading or speculative purposes nor do we have any that are not designated as cash flow hedges. The agreements with each of our derivative counterparties provide that, in the event of default on any of our indebtedness, we could also be declared in default on our derivative obligations. As of December 31, 2019 , we were party to various cash flow derivative agreements with notional amounts totaling $266.2 million . These derivative agreements effectively fix the interest rate underlying certain variable rate debt instruments over expiration dates through 2025 . Utilizing a weighted average interest rate spread over LIBOR on all variable rate debt resulted in fixing the weighted average interest rate at 3.68% . These interest rate derivative agreements are the only assets or liabilities that we record at fair value on a recurring basis. The valuation of these assets and liabilities is determined using widely accepted techniques including discounted cash flow analysis. These techniques consider the contractual terms of the derivatives (including the period to maturity) and use observable market-based inputs such as interest rate curves and implied volatilities. We also incorporate credit valuation adjustments into the fair value measurements to reflect nonperformance risk on both our part and that of the respective counterparties. We determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, although the credit valuation adjustments associated with our derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by us and our counterparties. As of December 31, 2019 and December 31, 2018 , we assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative positions and determined the credit valuation adjustments were not significant to the overall valuation of our derivatives. As a result, we determined our derivative valuations were classified within Level 2 of the fair value hierarchy. As of December 31, 2019 , the estimated fair value of our interest rate derivatives represented a liability of $16.8 million , including accrued interest of $0.1 million . As of December 31, 2019 , this balance is reflected in accounts payable and accrued expenses on the accompanying consolidated balance sheet. At December 31, 2018 the estimated fair value of our interest rate derivatives was a net liability of $3.5 million , including accrued interest receivable of $0.1 million . As of December 31, 2018 , $3.6 million is reflected in prepaid and other assets and $7.1 million is reflected in accounts payable and accrued expenses on the accompanying consolidated balance sheet. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to earnings over time as the hedged items are recognized in earnings. Approximately $0.6 million was reclassified as an increase to earnings during the year ended December 31, 2019 . Approximately $0.8 million and $2.5 million was reclassified as a reduction to earnings during the years ended December 31, 2018 and 2017 , respectively. As the interest payments on our derivatives are made over the next 12 months, we estimate the increase to interest expense to be $1.5 million , assuming the current LIBOR curve.

Lease Information

Lease Information	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Lease Information	Lease Information Rental Income The Company receives rental income from the leasing of retail and office space. The leases generally provide for certain increases in base rent, reimbursement for certain operating expenses, and may require tenants to pay contingent rent to the extent their sales exceed a defined threshold. Certain tenants have the option in the lease agreement to extend their lease upon the expiration of their contractual term. Variable lease payments are based upon tenant sales information and are recognized once a tenant's sales volume exceeds a defined threshold. Variable lease payments for reimbursement of operating expenses are based upon the operating expense activity for the period. From a lessor perspective, the new accounting guidance adopted in 2019 remained mostly similar to legacy GAAP as the Company elected the practical expedient to not separate non-lease components from lease components. This election resulted in a change on the Company's consolidated statements of operations as the Company no longer presents minimum rents and tenant reimbursements as separate amounts because the Company now accounts for these amounts as a single combined lease component, rental income, on the basis of the lease component being the predominant component of the contract. As such, non-lease components, including common area maintenance reimbursements that are of a fixed nature are recognized on a straight-line basis over the term of the lease. Further, bad debt, which has previously been recorded in property operating expenses, has now been classified as a contra-revenue account in rental income in the Company’s consolidated statements of operations and comprehensive income for the year ended December 31, 2019. The Company recognized the following lease rental income for the year ended December 31, 2019: ($ in thousands) Year Ended December 31, 2019 Fixed Contractual Lease Payments - Operating Leases $ 244,666 Variable Lease Payments - Operating Leases 57,748 Straight-Line Rent Adjustment 2,209 Amortization of In-Place Lease Liabilities, net 3,776 Total $ 308,399 The weighted average remaining term of the lease agreements is approximately 4.5 years. During the years ended December 31, 2019 , 2018 , and 2017 , the Company earned overage rent of $1.3 million , $1.2 million , and $1.1 million , respectively. As of December 31, 2019 , future minimum rentals to be received under non-cancelable operating leases for each of the next five years and thereafter, excluding variable lease payments, are as follows: ($ in thousands) 2020 $ 219,020 2021 203,858 2022 176,630 2023 144,709 2024 114,560 Thereafter 394,986 Total $ 1,253,763 Commitments under Ground Leases As of December 31, 2019 , we are obligated under nine ground leases for approximately 47 acres of land. Most of these ground leases require fixed annual rent payments. The expiration dates of the remaining initial terms of these ground leases range from 2023 to 2092 with a weighted-average remaining term of 52.2 years . Certain of these leases have five - to ten -year extension options ranging in total from 20 to 25 years. Upon adoption of the Leases standard, the Company did not recognize value during the option period for the right-of-use assets and lease liabilities as it was not probable the extension options will be exercised. Upon adoption, the Company recorded a right of use asset of $27.0 million and corresponding liability of $27.3 million . The right of use asset is included in prepaid and other assets and the lease liability is included in deferred revenue and other liabilities. This value was determined utilizing an estimate of our incremental borrowing rate that was specific to each lease based upon the term and underlying asset. These rates ranged from 3.93% to 6.33% with a weighted-average incremental borrowing rate of 5.86% . Ground lease expense incurred by the Company on these operating leases for the years ended December 31, 2019 , 2018 , and 2017 was $1.8 million , $1.7 million , and $1.7 million , respectively. The Company made payments of $1.7 million for the year ended December 31, 2019, of which the majority was included in operating cash flows. Future minimum lease payments due under ground leases for the next five years ending December 31 and thereafter are as follows: ($ in thousands) 2020 $ 1,777 2021 1,789 2022 1,815 2023 1,636 2024 1,600 Thereafter 70,554 Total $ 79,171
Lease Information	Lease Information Rental Income The Company receives rental income from the leasing of retail and office space. The leases generally provide for certain increases in base rent, reimbursement for certain operating expenses, and may require tenants to pay contingent rent to the extent their sales exceed a defined threshold. Certain tenants have the option in the lease agreement to extend their lease upon the expiration of their contractual term. Variable lease payments are based upon tenant sales information and are recognized once a tenant's sales volume exceeds a defined threshold. Variable lease payments for reimbursement of operating expenses are based upon the operating expense activity for the period. From a lessor perspective, the new accounting guidance adopted in 2019 remained mostly similar to legacy GAAP as the Company elected the practical expedient to not separate non-lease components from lease components. This election resulted in a change on the Company's consolidated statements of operations as the Company no longer presents minimum rents and tenant reimbursements as separate amounts because the Company now accounts for these amounts as a single combined lease component, rental income, on the basis of the lease component being the predominant component of the contract. As such, non-lease components, including common area maintenance reimbursements that are of a fixed nature are recognized on a straight-line basis over the term of the lease. Further, bad debt, which has previously been recorded in property operating expenses, has now been classified as a contra-revenue account in rental income in the Company’s consolidated statements of operations and comprehensive income for the year ended December 31, 2019. The Company recognized the following lease rental income for the year ended December 31, 2019: ($ in thousands) Year Ended December 31, 2019 Fixed Contractual Lease Payments - Operating Leases $ 244,666 Variable Lease Payments - Operating Leases 57,748 Straight-Line Rent Adjustment 2,209 Amortization of In-Place Lease Liabilities, net 3,776 Total $ 308,399 The weighted average remaining term of the lease agreements is approximately 4.5 years. During the years ended December 31, 2019 , 2018 , and 2017 , the Company earned overage rent of $1.3 million , $1.2 million , and $1.1 million , respectively. As of December 31, 2019 , future minimum rentals to be received under non-cancelable operating leases for each of the next five years and thereafter, excluding variable lease payments, are as follows: ($ in thousands) 2020 $ 219,020 2021 203,858 2022 176,630 2023 144,709 2024 114,560 Thereafter 394,986 Total $ 1,253,763 Commitments under Ground Leases As of December 31, 2019 , we are obligated under nine ground leases for approximately 47 acres of land. Most of these ground leases require fixed annual rent payments. The expiration dates of the remaining initial terms of these ground leases range from 2023 to 2092 with a weighted-average remaining term of 52.2 years . Certain of these leases have five - to ten -year extension options ranging in total from 20 to 25 years. Upon adoption of the Leases standard, the Company did not recognize value during the option period for the right-of-use assets and lease liabilities as it was not probable the extension options will be exercised. Upon adoption, the Company recorded a right of use asset of $27.0 million and corresponding liability of $27.3 million . The right of use asset is included in prepaid and other assets and the lease liability is included in deferred revenue and other liabilities. This value was determined utilizing an estimate of our incremental borrowing rate that was specific to each lease based upon the term and underlying asset. These rates ranged from 3.93% to 6.33% with a weighted-average incremental borrowing rate of 5.86% . Ground lease expense incurred by the Company on these operating leases for the years ended December 31, 2019 , 2018 , and 2017 was $1.8 million , $1.7 million , and $1.7 million , respectively. The Company made payments of $1.7 million for the year ended December 31, 2019, of which the majority was included in operating cash flows. Future minimum lease payments due under ground leases for the next five years ending December 31 and thereafter are as follows: ($ in thousands) 2020 $ 1,777 2021 1,789 2022 1,815 2023 1,636 2024 1,600 Thereafter 70,554 Total $ 79,171

Shareholders_ Equity

Shareholders’ Equity	12 Months Ended
	Dec. 31, 2019
Stockholders' Equity Note [Abstract]
Shareholders’ Equity	Shareholders’ Equity Common Equity Our Board of Trustees declared a cash distribution of $0.3175 per common share and Common Unit for the fourth quarter of 2019. This distribution was paid on December 27, 2019 to common shareholders and Common Unit holders of record as of December 20, 2019. For the years ended December 31, 2019 , 2018 and 2017 , we declared cash distributions of $1.270 , $1.270 , and $1.225 respectively per common share and Common Units. Accrued but unpaid distributions on common shares and units was $27.3 million as of December 31, 2018 and is included in accounts payable and accrued expenses in the accompanying consolidated balance sheets. Dividend Reinvestment and Share Purchase Plan We maintain a Dividend Reinvestment and Share Purchase Plan, which offers investors the option to invest all or a portion of their common share dividends in additional common shares. Participants in this plan are also able to make optional cash investments with certain restrictions.

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data (Unaudited)	Quarterly Financial Data (Unaudited) Presented below is a summary of the consolidated quarterly financial data for the years ended December 31, 2019 and 2018 . ($ in thousands, except per share data) Quarter Ended Quarter Ended Quarter Ended Quarter Ended Total revenue $ 83,515 $ 81,480 $ 74,943 $ 75,265 Gain (loss) on sale of operating properties, net 6,587 24,092 (5,714 ) 14,005 Operating income (loss) 22,976 17,318 1,316 30,186 Consolidated net income (loss) 5,988 (1,697 ) (20,117 ) 15,855 Net income (loss) attributable to Kite Realty Group Trust common shareholders 5,715 (1,796 ) (19,735 ) 15,314 Net income (loss) per common share – basic and diluted 0.07 (0.02 ) (0.24 ) 0.18 Weighted average Common Shares outstanding - basic 83,843,681 83,938,961 83,960,841 83,960,045 Weighted average Common Shares outstanding - diluted 84,034,097 83,938,961 83,960,841 84,478,245 ($ in thousands, except per share data) Quarter Ended Quarter Ended Quarter Ended Quarter Ended Total revenue $ 89,763 $ 91,736 $ 85,747 $ 86,937 Gain (loss) on sale of operating properties, net 500 7,829 (177 ) (4,725 ) Operating income (loss) (1,532 ) 15,771 20,549 (13,757 ) Consolidated net income (loss) (17,997 ) (1,062 ) 4,317 (31,709 ) Net income (loss) attributable to Kite Realty Group Trust common shareholders (17,917 ) (1,366 ) 3,938 (31,221 ) Net income (loss) per common share – basic and diluted (0.21 ) (0.02 ) 0.05 (0.37 ) Weighted average Common Shares outstanding - basic 83,629,669 83,672,896 83,706,704 83,762,664 Weighted average Common Shares outstanding - diluted 83,629,669 83,672,896 83,767,655 83,762,664

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Other Commitments and Contingencies We are not subject to any material litigation nor, to management’s knowledge, is any material litigation currently threatened against us. We are parties to routine litigation, claims, and administrative proceedings arising in the ordinary course of business. Management believes that such matters will not have a material adverse impact on our consolidated financial condition, results of operations or cash flows taken as a whole. We are obligated under various completion guarantees with lenders and lease agreements with tenants to complete all or portions of the development and redevelopment projects. We believe we currently have sufficient financing in place to fund our investment in any existing or future projects through cash from operations and borrowings on our unsecured revolving credit facility. In 2017, we provided a repayment guaranty on a $33.8 million construction loan associated with the development of the Embassy Suites at the University of Notre Dame consistent with our 35% ownership interest. As of December 31, 2019, the current outstanding loan balance is $33.6 million , of which our share is $11.8 million . As of December 31, 2019 , we had outstanding letters of credit totaling $1.2 million . At that date, there were no

Related Parties and Related Par

Related Parties and Related Party Transactions	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Related Parties and Related Party Transactions	Related Parties and Related Party Transactions Subsidiaries of the Company provide certain management, construction management and other services to certain entities owned by certain members of the Company’s management. During each of the years ended December 31, 2019 , 2018 and 2017 , we earned less than $0.1 million , from entities owned by certain members of management. We reimburse an entity owned by certain members of our management for certain travel and related services. During the years ended December 31, 2019 , 2018 and 2017 , we paid $0.8 million , $0.5 million and $0.3 million

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
Acquisitions	Acquisitions In 2019, we acquired one retail operating property for $29.0 million and one parking garage for $29.5 million . The fair value of the real estate and other assets acquired were primarily determined using the income approach. The income approach required us to make assumptions about market leasing rates, tenant-related costs, discount rates, and disposal values. The estimates of fair value primarily relied upon Level 2 and Level 3 inputs, as previously defined. The results of operations for each of the properties acquired during the year ended December 31, 2019 have been included in operations since their respective dates of acquisition. The following table summarizes the estimation of the fair value of assets acquired and liabilities assumed for the properties acquired in 2019: ($ in thousands) Investment properties, net $ 56,393 Lease-related intangible assets, net 2,458 Other assets 320 Total acquired assets 59,171 Accounts payable and accrued expenses 595 Deferred revenue and other liabilities 371 Total assumed liabilities 966 Fair value of acquired net assets $ 58,205 The leases at the acquired properties had a weighted average remaining life at acquisition of approximately 5.6 years . The range of the most significant Level 3 assumptions utilized in determining the value of the real estate and related assets acquired are as follows: Low High Net rental rate per square foot - Anchors $ 11.00 $ 12.96 Net rental rate per square foot - Small Shops $ 6.33 $ 32.00 Discount rate 9.0 % 9.0 % We did not acquire any properties in 2018 or 2017.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Dividend Declaration On February 12, 2020, our Board of Trustees declared a cash distribution of $0.3175 per common share and Common Unit for the first quarter of 2020. This distribution is expected to be paid on or about April 3, 2020 to common shareholders and Common Unit holders of record as of March 27, 2020.

Schedule III - Consolidated Rea

Schedule III - Consolidated Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2019
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
SEC Schedule III - Consolidated Real Estate and Accumulated Depreciation	Kite Realty Group Trust and Kite Realty Group, L.P. and subsidiaries Schedule III Consolidated Real Estate and Accumulated Depreciation ($ in thousands) Initial Cost Cost Capitalized Subsequent to Acquisition/Development Gross Carrying Amount Close of Period Building & Building & Building & Accumulated Year Built / Year Name Encumbrances Land Improvements Land Improvements Land Improvements Total Depreciation Renovated Acquired Operating Properties 12th Street Plaza * $ — $ 2,624 $ 13,293 $ — $ 749 $ 2,624 $ 14,042 $ 16,666 $ 4,224 1978/2003 2012 54th & College * — 2,672 — — — 2,672 — 2,672 — 2008 NA Bayonne Crossing 42,940 47,809 44,246 — 916 47,809 45,162 92,971 10,589 2011 2014 Bayport Commons * — 7,005 20,648 — 2,090 7,005 22,738 29,743 7,438 2008 NA Belle Isle * — 9,130 41,426 — 4,635 9,130 46,061 55,191 10,085 2000 2015 Bridgewater Marketplace * — 3,407 8,668 — 620 3,407 9,288 12,695 3,387 2008 NA Burlington Coat Factory * — 29 2,773 — 6 29 2,779 2,808 1,774 1992/2000 2000 Castleton Crossing * — 9,761 29,309 — 1,019 9,761 30,328 40,089 8,288 1975 2013 Chapel Hill Shopping Center 18,250 — 35,072 — 1,344 — 36,416 36,416 7,538 2001 2015 City Center * — 20,565 180,235 — 4,472 20,565 184,708 205,273 38,513 2018 2014 Centennial Center 70,455 58,960 72,704 — 1,243 58,960 73,947 132,907 21,115 2002 2014 Centennial Gateway 23,962 5,305 48,969 — 67 5,305 49,035 54,340 10,425 2005 2014 Centre Point Commons 14,410 2,918 22,372 — 113 2,918 22,485 25,403 4,952 2007 2014 Cobblestone Plaza * — 11,221 45,526 — 1,386 11,221 46,912 58,133 12,508 2011 NA Colonial Square * — 7,521 18,566 — 2,160 7,521 20,726 28,247 4,211 2010 2014 Colleyville Downs * — 5,446 38,534 — 1,755 5,446 40,289 45,735 10,594 2014 2015 Cool Creek Commons * — 6,062 13,374 — 2,704 6,062 16,078 22,140 6,520 2005 NA Cool Springs Market * — 12,644 22,870 40 6,414 12,684 29,285 41,969 8,464 1995 2013 Crossing at Killingly Commons * — 21,999 34,806 — 191 21,999 34,996 56,995 8,687 2010 2014 Delray Marketplace 55,830 18,750 87,353 1,284 5,801 20,034 93,155 113,189 21,103 2013 NA DePauw University Bookstore & Café — 64 663 — 45 64 708 772 369 2012 NA Draper Crossing * — 9,054 27,156 — 663 9,054 27,819 36,873 6,855 2012 2014 Draper Peaks * — 11,498 47,093 522 3,886 12,020 50,980 63,000 9,570 2012 2014 Eastern Beltway Center 34,100 23,221 45,659 — 3,993 23,221 49,652 72,873 9,644 1998/2006 2014 Eastgate Pavilion * — 8,026 18,067 — 1,235 8,026 19,302 27,328 8,449 1995 2004 Eddy Street Commons — 1,900 36,762 — 2,071 1,900 38,833 40,733 12,771 2009 NA Estero Town Commons * — 8,973 9,953 — 976 8,973 10,930 19,903 3,701 2006 NA Fishers Station * — 4,008 15,773 — 82 4,008 15,854 19,862 4,603 2018 NA Initial Cost Cost Capitalized Subsequent to Acquisition/Development Gross Carrying Amount Close of Period Building & Building & Building & Accumulated Year Built / Year Name Encumbrances Land Improvements Land Improvements Land Improvements Total Depreciation Renovated Acquired Operating Properties (continued) Geist Pavilion * $ — $ 1,368 $ 8,449 $ — $ 2,355 $ 1,368 $ 10,804 $ 12,172 $ 4,594 2006 NA Greyhound Commons * — 2,629 794 — 861 2,629 1,655 4,284 860 2005 NA Holly Springs Towne Center * — 12,319 46,589 — 3,964 12,319 50,553 62,872 10,524 2013 NA Holly Springs Towne Center - Phase II * — 11,910 49,212 — 1,345 11,910 50,557 62,467 6,185 2016 NA Hunters Creek Promenade * — 8,335 12,674 179 1,137 8,514 13,810 22,324 3,211 1994 2013 Indian River Square * — 5,100 6,304 1,100 1,566 6,200 7,870 14,070 2,974 1997/2004 2005 International Speedway Square * — 7,769 15,362 — 9,424 7,769 24,786 32,555 15,352 1999 NA King's Lake Square * — 4,519 15,630 — 1,696 4,519 17,326 21,845 8,309 1986/2014 2003 Kingwood Commons * — 5,715 30,894 — 253 5,715 31,148 36,863 10,083 1999 2013 Lake City Commons — 3,415 10,242 — 365 3,415 10,608 14,023 2,941 2008 2014 Lake City Commons - Phase II * — 1,277 2,086 — 16 1,277 2,102 3,379 411 2011 2014 Lake Mary Plaza — 1,413 8,719 — 89 1,413 8,808 10,221 1,781 2009 2014 Lithia Crossing * — 3,065 9,983 — 6,061 3,065 16,044 19,109 5,846 1994/2003 2011 Market Street Village * — 9,764 16,323 — 2,947 9,764 19,270 29,034 7,871 1970/2004 2005 Miramar Square 31,625 26,492 30,820 389 6,728 26,880 37,548 64,428 8,205 2008 2014 Mullins Crossing * — 10,582 42,150 — 6,260 10,582 48,410 58,992 12,175 2005 2014 Naperville Marketplace — 5,364 11,396 — 233 5,364 11,629 16,993 3,973 2008 NA Nora Plaza 3,790 21,329 — 1,750 3,790 23,079 26,868 526 2004 2019 Northcrest Shopping Center — 4,044 33,704 — 1,109 4,044 34,812 38,856 6,913 2008 2014 Northdale Promenade * — 1,718 27,242 — 135 1,718 27,377 29,095 11,180 2017 NA Oleander Place * — 863 5,935 — 285 863 6,220 7,083 2,157 2012 2011 Parkside Town Commons - Phase I * — 3,108 42,194 (60 ) 788 3,047 42,982 46,029 9,496 2015 N/A Parkside Town Commons - Phase II * — 20,722 66,766 — 7,476 20,722 74,242 94,964 12,211 2017 N/A Perimeter Woods * — 8,993 26,879 — 821 8,993 27,700 36,693 5,729 2008 2014 Pine Ridge Crossing * — 5,640 17,024 — 3,963 5,640 20,988 26,628 7,659 1994 2006 Plaza at Cedar Hill * — 5,782 36,781 — 11,308 5,782 48,089 53,871 20,688 2000 2004 Pleasant Hill Commons — 3,350 10,094 — 375 3,350 10,469 13,819 2,850 2008 2014 Portofino Shopping Center * — 4,754 75,254 — 18,066 4,754 93,319 98,073 26,149 1999 2013 Publix at Woodruff * — 1,783 6,352 — 878 1,783 7,230 9,013 3,205 1997 2012 Rampart Commons 9,495 1,136 42,808 — 554 1,136 43,362 44,498 9,591 2018 2014 Rangeline Crossing * — 2,006 18,367 — 663 2,006 19,030 21,036 7,125 1986/2013 NA Initial Cost Cost Capitalized Subsequent to Acquisition/Development Gross Carrying Amount Close of Period Building & Building & Building & Accumulated Year Built / Year Name Encumbrances Land Improvements Land Improvements Land Improvements Total Depreciation Renovated Acquired Operating Properties (continued) Riverchase Plaza * $ — $ 3,889 $ 11,404 $ — $ 1,123 $ 3,889 $ 12,527 $ 16,416 $ 4,956 1991/2001 2006 Rivers Edge * — 5,647 31,358 — 1,938 5,647 33,295 38,942 10,285 2011 2008 Saxon Crossing 11,400 3,764 16,782 — 597 3,764 17,380 21,144 4,393 2009 2014 Shoppes at Plaza Green * — 3,749 23,853 — 1,844 3,749 25,697 29,446 8,837 2000 2012 Shoppes of Eastwood * — 1,688 8,969 — 502 1,688 9,471 11,159 3,221 1997 2013 Shops at Eagle Creek * — 4,550 8,844 — 5,197 4,550 14,041 18,591 5,630 1998 2003 Shops at Julington Creek 4,785 2,372 7,189 — 347 2,372 7,536 9,908 1,289 2011 2014 Shops at Moore 21,300 6,284 23,375 — 1,606 6,284 24,981 31,265 4,743 2010 2014 Silver Springs Pointe — 7,580 3,602 — 1,712 7,580 5,313 12,893 1,352 2001 2014 Stoney Creek Commons * — 628 3,700 — 5,913 628 9,613 10,241 3,617 2000 NA Sunland Towne Centre * — 14,774 21,026 — 5,039 14,774 26,066 40,840 11,097 1996 2004 Tarpon Bay Plaza * — 4,273 23,096 — 5,056 4,273 28,152 32,425 8,259 2007 NA The Corner 14,750 3,772 24,642 — 22 3,772 24,663 28,435 5,206 2008 2014 The Landing at Tradition * — 18,505 46,226 — 536 18,505 46,762 65,267 9,080 2007 2014 Toringdon Market * — 5,448 9,523 — 542 5,448 10,065 15,513 3,019 2004 2013 Traders Point * — 9,443 36,433 — 2,838 9,443 39,271 48,714 16,843 2005 NA Traders Point II * — 2,376 6,107 — 1,164 2,376 7,271 9,647 3,086 2005 NA Tradition Village Center * — 3,140 14,842 — 566 3,140 15,408 18,548 3,273 2006 2014 Waterford Lakes Village * — 2,317 6,388 — 571 2,317 6,960 9,277 2,956 1997 2004 Waxahachie Crossing — 1,411 15,644 — 155 1,411 15,798 17,209 3,051 2010 2014 Westside Market * — 4,194 17,606 — 536 4,194 18,142 22,336 3,104 2013 2014 Total Operating Properties 353,302 619,105 2,090,834 3,452 181,911 622,557 2,272,745 2,895,302 604,449 Initial Cost C ost Capitalized Subsequent to Acquisition/Development Gross Carrying Amount Close of Period Building & Building & Building & Accumulated Year Built / Year Name Encumbrances Land Improvements Land Improvements Land Improvements Total Depreciation Renovated Acquired Office Properties Thirty South * $ — $ 1,643 $ 9,600 $ — $ 21,860 $ 1,643 $ 31,461 $ 33,104 $ 12,752 1905/2002 2001 Pan Am Plaza Garage * — — 29,536 — 276 — 29,813 29,813 3,551 1986 2019 Union Station Parking Garage * — 904 2,650 — 1,832 904 4,482 5,386 1,903 1986 2001 Total Office Properties — 2,547 41,787 — 23,969 2,547 65,756 68,303 18,205 Development and Redevelopment Properties Courthouse Shadows * — 4,999 8,182 — — 4,999 8,182 13,181 2,339 NA NA Eddy Street Commons - Phase II 2,209 4,394 — — 2,209 4,394 6,603 40 NA NA Glendale Town Center* — 1,494 43,832 — 3,011 1,494 46,843 48,337 32,221 NA NA Hamilton Crossing Centre* — 5,549 10,326 — — 5,549 10,326 15,875 4,226 NA NA The Corner * — 304 3,681 — 155 304 3,836 4,140 — NA NA Total Development and Redevelopment Properties — 14,556 70,414 — 3,166 14,556 73,580 88,136 38,826 Other ** Bridgewater Marketplace * — 2,139 — — — 2,139 — 2,139 — NA NA Landstown - Fulton Bank Pad — 930 — — — 930 — 930 — 2007 2014 KRG Development — — 885 — — — 885 885 66 NA NA KRG New Hill * — 5,957 — — — 5,957 — 5,957 — NA NA KRG Peakway — 7,444 — — — 7,444 — 7,444 — NA NA Pan Am Plaza — 10,521 — — — 10,521 — 10,521 — NA NA Total Other — 26,990 885 — — 26,990 885 27,875 66 Line of credit/Term Loan/Unsecured notes 800,000 — — — — — — — — NA NA Grand Total $ 1,153,302 $ 663,198 $ 2,203,919 $ 3,452 $ 209,046 $ 666,650 $ 2,412,966 $ 3,079,616 $ 661,546 ____________________ * This property or a portion of the property is included as an unencumbered asset used in calculating our line of credit borrowing base. ** This category generally includes land held for development. We also have certain additional land parcels at our development and operating properties, which amounts are included elsewhere in this table. The changes in investment properties of the Company for the years ended December 31, 2019 , 2018 , and 2017 are as follows: 2019 2018 2017 Balance, beginning of year $ 3,633,376 $ 3,949,431 $ 3,988,819 Acquisitions 57,494 — — Improvements 52,713 68,349 78,947 Impairment (56,948 ) (73,198 ) (10,897 ) Disposals (607,019 ) (311,206 ) (107,438 ) Balance, end of year $ 3,079,616 $ 3,633,376 $ 3,949,431 The unaudited aggregate cost of investment properties for U.S. federal tax purposes as of December 31, 2019 was $2.3 billion The changes in accumulated depreciation of the Company for the years ended December 31, 2019 , 2018 , and 2017 are as follows: 2019 2018 2017 Balance, beginning of year $ 695,012 $ 660,276 $ 556,851 Depreciation expense 117,216 132,662 148,346 Impairment (19,226 ) (2,838 ) (3,494 ) Disposals (131,456 ) (95,088 ) (41,427 ) Balance, end of year $ 661,546 $ 695,012 $ 660,276 Depreciation of investment properties reflected in the statements of operations is calculated over the estimated original lives of the assets as follows: Buildings 20-35 years Building improvements 10-35 years Tenant improvements Term of related lease Furniture and Fixtures 5-10 years All other schedules have been omitted because they are inapplicable, not required or the information is included elsewhere in the consolidated financial statements or notes thereto.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Consolidation and Investments in Joint Ventures	Consolidation and Investments in Joint Ventures The accompanying financial statements are presented on a consolidated basis and include all accounts of the Parent Company, the Operating Partnership, the taxable REIT subsidiary of the Operating Partnership, subsidiaries of the Operating Partnership that are controlled and any variable interest entities (“VIEs”) in which the Operating Partnership is the primary beneficiary. In general, a VIE is a corporation, partnership, trust or any other legal structure used for business purposes that either (a) has equity investors that do not provide sufficient financial resources for the entity to support its activities, (b) does not have equity investors with voting rights or (c) has equity investors whose votes are disproportionate from their economics and substantially all of the activities are conducted on behalf of the investor with disproportionately fewer voting rights. The Operating Partnership accounts for properties that are owned by joint ventures in accordance with the consolidation guidance. The Operating Partnership evaluates each joint venture and determines first whether to follow the VIE or the voting interest entity ("VOE") model. Once the appropriate consolidation model is identified, the Operating Partnership then evaluates whether it should consolidate the joint venture. Under the VIE model, the Operating Partnership consolidates an entity when it has (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. Under the VOE model, the Operating Partnership consolidates an entity when (i) it controls the entity through ownership of a majority voting interest if the entity is not a limited partnership or (ii) it controls the entity through its ability to remove the other partners or owners in the entity, at its discretion, when the entity is a limited partnership. In determining whether to consolidate a VIE with the Operating Partnership, we consider all relationships between the Operating Partnership and the applicable VIE, including development agreements, management agreements and other contractual arrangements, in determining whether we have the power to direct the activities of the VIE that most significantly affect the VIE's performance. As of December 31, 2019 , we owned investments in two joint ventures that were VIEs in which the partners did not have substantive participating rights and we were the primary beneficiary. As of this date, these VIEs had total debt of $55.8 million , which were secured by assets of the VIEs totaling $114.1 million . The Operating Partnership guarantees the debt of these VIEs. The Operating Partnership is considered a VIE as the limited partners do not hold kick-out rights or substantive participating rights. The Parent Company consolidates the Operating Partnership as it is the primary beneficiary in accordance with the VIE model.
Acquisition of Real Estate Properties	Acquisition of Real Estate Properties Upon acquisition of real estate operating properties, we estimate the fair value of acquired identifiable tangible assets and identified intangible assets and liabilities, assumed debt, and any noncontrolling interest in the acquiree at the date of acquisition, based on evaluation of information and estimates available at that date. Based on these estimates, we record the estimated fair value to the applicable assets and liabilities. In making estimates of fair values, a number of sources are utilized, including information obtained as a result of pre-acquisition due diligence, marketing and leasing activities. The estimates of fair value were determined to have primarily relied upon Level 2 and Level 3 inputs, as defined below. Fair value is determined for tangible assets and intangibles, including: • the fair value of the building on an as-if-vacant basis and the fair value of land determined either by comparable market data, real estate tax assessments, independent appraisals or other relevant data; • above-market and below-market in-place lease values for acquired properties, which are based on the present value (using an interest rate which reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management’s estimate of fair market lease rates for the corresponding in-place leases, measured over the remaining non-cancelable term of the leases. Any below-market renewal options are also considered in the in-place lease values. The capitalized above-market and below-market lease values are amortized as a reduction of or addition to rental income over the term of the lease. Should a tenant vacate, terminate its lease, or otherwise notify us of its intent to do so, the unamortized portion of the lease intangibles would be charged or credited to income; • the value of having a lease in place at the acquisition date. We utilize independent and internal sources for our estimates to determine the respective in-place lease values. Our estimates of value are made using methods similar to those used by independent appraisers. Factors we consider in our analysis include an estimate of costs to execute similar leases including tenant improvements, leasing commissions and foregone costs and rent received during the estimated lease-up period as if the space was vacant. The value of in-place leases is amortized to expense over the remaining initial terms of the respective leases; and • the fair value of any assumed financing that is determined to be above or below market terms. We utilize third party and independent sources for our estimates to determine the respective fair value of each mortgage payable. The fair market value of each mortgage payable is amortized to interest expense over the remaining initial terms of the respective loan. We also consider whether there is any value to in-place leases that have a related customer relationship intangible value. Characteristics we consider in determining these values include the nature and extent of existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant’s credit quality, and expectations of lease renewals, among other factors. To date, a tenant relationship has not been developed that is considered to have a current intangible value.
Investment Properties	Investment Properties Capitalization and Depreciation Investment properties are recorded at cost and include costs of land acquisition, development, pre-development, construction, certain allocated overhead, tenant allowances and improvements, and interest and real estate taxes incurred during construction. Significant renovations and improvements are capitalized when they extend the useful life, increase capacity, or improve the efficiency of the asset. If a tenant vacates a space prior to the lease expiration, terminates its lease, or otherwise notifies the Company of its intent to do so, any related unamortized tenant allowances are expensed over the shortened lease period. Maintenance and repairs that do not extend the useful lives of the respective assets are reflected in property operating expense. Pre-development costs are incurred prior to vertical construction and for certain land held for development during the due diligence phase and include contract deposits, legal, engineering, cost of internal resources and other professional fees related to evaluating the feasibility of developing or redeveloping a shopping center or other project. These pre-development costs are capitalized and included in construction in progress in the accompanying consolidated balance sheets. If we determine that the completion of a development project is no longer probable, all previously incurred pre-development costs are immediately expensed. Land is transferred to construction in progress once construction commences on the related project. We also capitalize costs such as land acquisition, building construction, interest, real estate taxes, and the costs of personnel directly involved with the development of our properties. As a portion of a development property becomes operational, we expense a pro rata amount of related costs. Depreciation on buildings and improvements is provided utilizing the straight-line method over estimated original useful lives ranging from 10 to 35 years. Depreciation on tenant allowances and tenant improvements are provided utilizing the straight-line method over the term of the related lease. Depreciation on equipment and fixtures is provided utilizing the straight-line method over 5 to 10 We recognize the sale of real estate when control transfers to the buyer. As part of our ongoing business strategy, we will, from time to time, sell land parcels and outlots, some of which are ground leased to tenants.
Impairment	Impairment Management reviews operational and development projects, land parcels and intangible assets for impairment on a property-by-property basis on at least a quarterly basis or whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. This review for possible impairment requires certain assumptions, estimates, and significant judgment. Impairment losses for investment properties and intangible assets are measured when the undiscounted cash flows estimated to be generated by the investment properties during the expected holding period are less than the carrying amounts of those assets. The evaluation of impairment is subject to certain management assumptions including projected net operating income, anticipated hold period, expected capital expenditures and the capitalization rate used to estimate the property's residual value. Impairment losses are recorded as the excess of the carrying value over the estimated fair value of the asset. Our impairment review for land and development properties assumes we have the intent and the ability to complete the developments or projected uses for the land parcels. If we determine those plans will not be completed or our assumptions with respect to operating assets are not realized, an impairment loss may be appropriate.
Asset Held for Sale and Discontinued Operations	Asset Held for Sale and Discontinued Operations Operating properties will be classified as held for sale only when those properties are available for immediate sale in their present condition and for which management believes it is probable that a sale of the property will be completed within one year, among other factors. Operating properties classified as held for sale are carried at the lower of cost or fair value less estimated costs to sell. Depreciation and amortization are suspended during the held-for-sale period.
Restricted Cash and Escrow Deposits	Restricted Cash and Escrow Deposits
Cash and Cash Equivalents	Cash and Cash Equivalents
Fair Value Measurements	Fair Value Measurements We follow the framework established under accounting standard FASB ASC 820, Fair Value Measurements and Disclosures, for measuring fair value of non-financial assets and liabilities that are not required or permitted to be measured at fair value on a recurring basis but only in certain circumstances, such as a business combination or upon determination of impairment. Assets and liabilities recorded at fair value on the consolidated balance sheets are categorized based on the inputs to the valuation techniques as follows: • Level 1 fair value inputs are quoted prices in active markets for identical instruments to which we have access. • Level 2 fair value inputs are inputs other than quoted prices included in Level 1 that are observable for similar instruments, either directly or indirectly, and appropriately consider counterparty creditworthiness in the valuations. • Level 3 fair value inputs reflect our best estimate of inputs and assumptions market participants would use in pricing an instrument at the measurement date. The inputs are unobservable in the market and significant to the valuation estimate. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. As discussed in Note 8 to the Financial Statements, we have determined that derivative valuations are classified in Level 2 of the fair value hierarchy. Cash and cash equivalents, accounts receivable, escrows and deposits, and other working capital balances approximate fair value. Note 6 to the Financial Statements includes a discussion of the fair values recorded when we recognized impairment charges in 2019, 2018 and 2017. Level 3 inputs to these transactions include our estimations of disposal values.
Derivative Financial Instruments	Derivative Financial Instruments The Company accounts for its derivative financial instruments at fair value calculated in accordance with ASC 820, Fair Value Measurements and Disclosures . Gains or losses resulting from changes in the fair values of those derivatives are accounted for depending on the use of the derivative and whether it qualifies for hedge accounting. We use derivative instruments such as interest rate swaps or rate locks to mitigate interest rate risk on related financial instruments. Changes in the fair values of derivatives that qualify as cash flow hedges are recognized in other comprehensive income (“OCI”) while any ineffective portion of a derivative’s change in fair value is recognized immediately in earnings. Gains and losses associated with the transaction are recorded in OCI and amortized over the underlying term of the hedged transaction. As of December 31, 2019 and 2018
Revenue Recognition	Revenue Recognition As a lessor of real estate assets, the Company retains substantially all of the risks and benefits of ownership and accounts for its leases as operating leases. Contractual minimum base rent, percentage rent, and expense reimbursements from tenants for common area maintenance costs, insurance and real estate taxes are our principal sources of revenue. Base minimum rents are recognized on a straight-line basis over the terms of the respective leases. Certain lease agreements contain provisions that grant additional rents based on a tenant’s sales volume (contingent overage rent). Overage rent is recognized when tenants achieve the specified sales targets as defined in their lease agreements. Overage rent is included in rental income in the accompanying consolidated statements of operations for the year ended December 31, 2019. If we determine that collectibility is probable, we recognize income from rentals based on the methodology described above. We have accounts receivable due from tenants and are subject to the risk of tenant defaults and bankruptcies that may affect the collection of outstanding receivables. These receivables are reduced for credit loss that is recognized as a reduction to rental income. We regularly evaluate the collectibility of these lease-related receivables by analyzing past due account balances and consider such facts as the credit quality of our customer, historical write-off experience, tenant credit-worthiness and current economic trends when evaluating the collectibility of rental income. Although we estimate uncollectible receivables and provide for them through charges against income, actual experience may differ from those estimates.
Tenant and Other Receivables and Allowance for Uncollectible Accounts	Tenant and Other Receivables and Allowance for Uncollectible Accounts Tenant receivables consist primarily of billed minimum rent, accrued and billed tenant reimbursements, and accrued straight-line rent. The Company generally does not require specific collateral from its tenants other than corporate or personal guarantees. Other receivables consist primarily of amounts due from municipalities and from tenants for non-rental revenue related activities. An allowance for uncollectible accounts is maintained for estimated losses resulting from the inability of certain tenants or others to meet contractual obligations under their lease or other agreements. Accounts are written off when, in the opinion of management, the balance is uncollectible.
Concentration of Credit Risk	Concentration of Credit Risk We may be subject to concentrations of credit risk with regards to our cash and cash equivalents. We place cash and temporary cash investments with high-credit-quality financial institutions. From time to time, such cash and investments may temporarily be in excess of insurance limits. In addition, our accounts receivable from and leases with tenants potentially subjects us to a concentration of credit risk related to our accounts receivable and revenue.
Earnings Per Share	Earnings Per Share Basic earnings per share or unit is calculated based on the weighted average number of common shares or units outstanding during the period. Diluted earnings per share or unit is determined based on the weighted average common number of shares or units outstanding during the period combined with the incremental average common shares or units that would have been outstanding assuming the conversion of all potentially dilutive common shares or units into common shares or units as of the earliest date possible.
Segment Reporting	Segment Reporting Our primary business is the ownership and operation of neighborhood and community shopping centers. We do not distinguish or group our operations on a geographical basis, or any other basis, when measuring and evaluating financial performance. Accordingly, we have one operating segment, which also serves as our reportable segment for disclosure purposes in accordance with GAAP.
Income Taxes and REIT Compliance	Income Taxes and REIT Compliance Parent Company The Parent Company, which is considered a corporation for U.S. federal income tax purposes, has been organized and intends to continue to operate in a manner that will enable it to maintain its qualification as a REIT for federal income tax purposes. As a result, it generally will not be subject to U.S. federal income tax on the earnings that it distributes to the extent it distributes its “REIT taxable income” (determined before the deduction for dividends paid and excluding net capital gains) to shareholders of the Parent Company and meets certain other requirements on a recurring basis. To the extent that it satisfies this distribution requirement, but distributes less than 100% of its taxable income, it will be subject to U.S. federal corporate income tax on its undistributed REIT taxable income. REITs are subject to a number of organizational and operational requirements. If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal income tax on its taxable income at regular corporate rates for a period of four years following the year in which qualification is lost. We may also be subject to certain U.S. federal, state and local taxes on our income and property and to federal income and excise taxes on our undistributed taxable income even if the Parent Company does qualify as a REIT. The Operating Partnership intends to continue to make distributions to the Parent Company in amounts sufficient to assist the Parent Company in adhering to REIT requirements and maintaining its REIT status. We have elected to treat Kite Realty Holdings, LLC as a taxable REIT subsidiary of the Operating Partnership, and we may elect to treat other subsidiaries as taxable REIT subsidiaries in the future. This election enables us to receive income and provide services that would otherwise be impermissible for a REIT. Deferred tax assets and liabilities are established for temporary differences between the financial reporting bases and the tax bases of assets and liabilities at the tax rates expected to be in effect when the temporary differences reverse. Deferred tax assets are reduced by a valuation allowance if it is more likely than not that some portion or all of the deferred tax asset will not be realized. Our tax return for the year ended December 31, 2019 has not been filed. The taxability information presented for our dividends paid in 2019 is based upon management's estimate. Consequently, the taxability of dividends is subject to change. A summary of the tax characterization of the dividends paid by the Parent Company for the years ended December 31, 2019 , 2018 , and 2017 is as follows: 2019 2018 2017 Ordinary income 29.7 % 56.0 % 65.2 % Return of capital 35.2 % 44.0 % 24.3 % Capital gains 35.1 % — % 10.5 % Balance, end of year 100.0 % 100.0 % 100.0 % Operating Partnership The allocated share of income and loss, other than the operations of our taxable REIT subsidiary, is included in the income tax returns of the Operating Partnership's partners. Accordingly, the only U.S. federal income taxes included in the accompanying consolidated financial statements are in connection with the taxable REIT subsidiary.
Noncontrolling Interests	Noncontrolling Interests We report the non-redeemable noncontrolling interests in subsidiaries as equity and the amount of consolidated net income attributable to these noncontrolling interests is set forth separately in the consolidated financial statements. The non-redeemable noncontrolling interests in consolidated properties for the years ended December 31, 2019 , 2018 , and 2017 were as follows: ($ in thousands) 2019 2018 2017 Noncontrolling interests balance January 1 $ 698 $ 698 $ 692 Net income allocable to noncontrolling interests, — — 6 Distributions to noncontrolling interests — — — Noncontrolling interests balance at December 31 $ 698 $ 698 $ 698 Redeemable Noncontrolling Interests – Limited Partners Limited Partner Units are redeemable noncontrolling interests in the Operating Partnership. We classify redeemable noncontrolling interests in the Operating Partnership in the accompanying consolidated balance sheets outside of permanent equity because we may be required to pay cash to holders of Limited Partner Units upon redemption of their interests in the Operating Partnership or deliver registered shares upon their conversion. The carrying amount of the redeemable noncontrolling interests in the Operating Partnership is reflected at the greater of historical book value or redemption value with a corresponding adjustment to additional paid-in capital. At December 31, 2019 , the redemption value of the redeemable noncontrolling interests in the Operating Partnership exceeded the historical book value, and the balance was accordingly adjusted to redemption value. At December 31, 2018, the redemption value of the redeemable noncontrolling interests in the Operating Partnership did not exceed the historical book value, and the balance was accordingly adjusted to historical book value. We allocate net operating results of the Operating Partnership after noncontrolling interests in the consolidated properties based on the partners’ respective weighted average ownership interest. We adjust the redeemable noncontrolling interests in the Operating Partnership at the end of each reporting period to reflect their interests in the Operating Partnership or redemption value. This adjustment is reflected in our shareholders’ and Parent Company's equity. For the years ended December 31, 2019 , 2018 , and 2017 , the weighted average interests of the Parent Company and the limited partners in the Operating Partnership were as follows: Year Ended December 31, 2019 2018 2017 Parent Company’s weighted average interest in 97.6 % 97.6 % 97.7 % Limited partners' weighted average interests in 2.4 % 2.4 % 2.3 % At December 31, 2019 , the Parent Company's interest and the limited partners' redeemable noncontrolling ownership interests in the Operating Partnership were 97.5% and 2.5% . At December 31, 2018, the Parent Company's interest and the limited partners' redeemable noncontrolling ownership interests in the Operating Partnership were 97.6% and 2.4% . Concurrent with the Parent Company’s initial public offering and related formation transactions, certain individuals received Limited Partner Units of the Operating Partnership in exchange for their interests in certain properties. The limited partners have the right to redeem Limited Partner Units for cash or, at the Parent Company's election, common shares of the Parent Company in an amount equal to the market value of an equivalent number of common shares of the Parent Company at the time of redemption. Such common shares must be registered, which is not fully in the Parent Company’s control. Therefore, the limited partners’ interest is not reflected in permanent equity. The Parent Company also has the right to redeem the Limited Partner Units directly from the limited partner in exchange for either cash in the amount specified above or a number of its common shares equal to the number of Limited Partner Units being redeemed. There were 2,110,037 and 2,035,349 Limited Partner Units outstanding as of December 31, 2019 and 2018 , respectively. The increase in Limited Partner Units outstanding from December 31, 2018 is due primarily to non-cash compensation awards made to our executive officers. Redeemable Noncontrolling Interests - Subsidiaries Prior to our merger with Inland Diversified Real Estate Trust, Inc. ("Inland Diversified") in 2014, Inland Diversified formed joint ventures with the previous owners of certain properties and issued Class B units in three joint ventures that indirectly own those properties. The Class B units related to one of these three joint ventures remain outstanding and are accounted for as noncontrolling interests in these properties. The remaining Class B units will become redeemable at our partner's election in October 2022 based on the joint venture agreement and the fulfillment of certain redemption criteria. Beginning in November 2022, with respect to the remaining joint venture, the Class B units can be redeemed at the election of either our partner or us for cash or Limited Partner Units in the Operating Partnership. None of the issued Class B units have a maturity date and none are mandatorily redeemable unless either party has elected for the units to be redeemed. We consolidate this joint venture because we control the decision making and our joint venture partner has limited protective rights. In March 2017, certain Class B unit holders exercised their right to redeem $8.3 million of their Class B units for cash. We funded the redemption in December 2017 using operating cash flows. In 2018, the same Class B unit holders exercised their right to redeem their remaining Class B units for cash. We funded $10.0 million of the redemption in August 2018 and the remaining $12.0 million in November 2018.
Reclassifications	Reclassifications Certain amounts in the accompanying consolidated financial statements for 2017 and 2018 have been reclassified to conform to the 2019 consolidated financial statement presentation. The reclassifications had no impact on the net income previously reported.
Effects of Accounting Pronouncements	Effects of Accounting Pronouncements Adoption of New Standards Leases On January 1, 2019. we adopted Accounting Standards Update ("ASU") ASU 2016-02, Leases, using the modified retrospective approach along with electing the package of practical expedients. ASU 2016-02 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making certain changes to lessor accounting, including the accounting for sales-type and direct financing leases. For leases with a term of one year or less, the Company made an accounting policy election by underlying asset to not recognize lease liabilities and right-of-use (ROU) assets, and expenses for these short-term leases is immaterial for all periods presented. The practical expedients include the following: • The Company did not reassess whether any expired or existing contracts are or contain leases; • The Company did not reassess the lease classification of any expired or existing leases; • The Company did not reassess initial direct costs for any existing leases; and • The Company elected to not separate non-lease components, such as common area maintenance, of a contract from the leases to which they relate when specific criteria are met. The new leasing standard also amended ASC 340-40, Other Assets and Deferred Costs - Contracts with Customers. Under ASC 340-40, incremental costs of obtaining a contract are recognized as an asset if the entity expects to recover them. Certain costs that were previously capitalized as a leasing cost no longer meet the requirements for capitalization under the new leasing standard. The Company capitalized $5.4 million less in leasing costs during the year ended December 31, 2019 as compared to the prior year. Note 9 to the Financial Statements includes a discussion of the lease rental income and expense for the year ended December 31, 2019 and future rental income and expense to be received or paid under non-cancelable operating leases. Derivatives and Hedging On January 1, 2019, we adopted ASU 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities. ASU 2017-02 better aligns a company’s financial reporting for hedging activities with the economic objectives of those activities. The adoption of ASU 2017-12 did not have a material impact on our consolidated financial statements. New Standards Issued but Not Yet Adopted In June 2016, the FASB issued ASU 2016-13, " Financial Instruments - Credit Losses." The ASU sets forth a "current expected credit loss" (CECL) model which requires the Company to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions, and reasonable supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets. Receivables arising from operating leases are not within the scope of this standard, but rather, are accounted for in accordance with the Leases standard. The new standard is effective for the Company beginning with the first quarter of 2020 and will not have a material impact on the Company's consolidated financial statements.

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Schedule of Real Estate Properties	The Company’s investment properties as of December 31, 2019 and December 31, 2018 were as follows: ($ in thousands) Balance at December 31, December 31, Investment properties, at cost: Land, buildings and improvements $ 3,038,412 $ 3,600,743 Furniture, equipment and other 7,775 7,741 Construction in progress 41,204 32,636 $ 3,087,391 $ 3,641,120
Summary of Cash, Cash Equivalents, and Restricted Cash	The following is a summary of our cash, cash equivalents, and restricted cash total as presented in our statements of cash flows for the years ended December 31, 2019, 2018, and 2017: 2019 2018 2017 Cash and cash equivalents 31,336 35,376 24,082 Restricted cash and escrow deposits 21,477 10,130 8,094 Total cash, cash equivalents, restricted cash, and escrow deposits $ 52,813 $ 45,506 $ 32,176
Schedule of Concentration by Risk Factor	Total billed receivables due from tenants leasing space in the states of Florida, Indiana, and Texas, consisted of the following as of December 31, 2019 and 2018 : As of December 31, 2019 2019 2018 Florida 36 % 56 % Indiana 19 % 14 % Texas 7 % 3 % For the years ended December 31, 2019 , 2018 , and 2017 , the Company's revenue recognized from tenants leasing space in the states of Florida, Indiana, and Texas, were as follows: Year Ended December 31, 2019 2018 2017 Florida 25 % 25 % 24 % Indiana 16 % 15 % 14 % Texas 14 % 12 % 13 %
Schedule of Tax Characterization of Dividends Paid	A summary of the tax characterization of the dividends paid by the Parent Company for the years ended December 31, 2019 , 2018 , and 2017 is as follows: 2019 2018 2017 Ordinary income 29.7 % 56.0 % 65.2 % Return of capital 35.2 % 44.0 % 24.3 % Capital gains 35.1 % — % 10.5 % Balance, end of year 100.0 % 100.0 % 100.0 %
Schedule of Stockholders Equity	The non-redeemable noncontrolling interests in consolidated properties for the years ended December 31, 2019 , 2018 , and 2017 were as follows: ($ in thousands) 2019 2018 2017 Noncontrolling interests balance January 1 $ 698 $ 698 $ 692 Net income allocable to noncontrolling interests, — — 6 Distributions to noncontrolling interests — — — Noncontrolling interests balance at December 31 $ 698 $ 698 $ 698
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net	For the years ended December 31, 2019 , 2018 , and 2017 , the weighted average interests of the Parent Company and the limited partners in the Operating Partnership were as follows: Year Ended December 31, 2019 2018 2017 Parent Company’s weighted average interest in 97.6 % 97.6 % 97.7 % Limited partners' weighted average interests in 2.4 % 2.4 % 2.3 %
Redeemable Noncontrolling Interest	The redeemable noncontrolling interests in the Operating Partnership and subsidiaries for the years ended December 31, 2019 , 2018 , and 2017 were as follows: ($ in thousands) 2019 2018 2017 Redeemable noncontrolling interests balance January 1 $ 45,743 $ 72,104 $ 88,165 Net income allocable to redeemable noncontrolling interests 532 116 2,009 Distributions declared to redeemable noncontrolling interests (3,191 ) (3,788 ) (4,155 ) Payment for partial redemption of redeemable noncontrolling interests — (22,461 ) (8,261 ) Other, net including adjustments to redemption value 9,490 (228 ) (5,654 ) Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at December 31 $ 52,574 $ 45,743 $ 72,104 Limited partners' interests in Operating Partnership $ 42,504 $ 35,673 $ 39,573 Other redeemable noncontrolling interests in certain subsidiaries 10,070 10,070 32,531 Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at December 31 $ 52,574 $ 45,743 $ 72,104

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Schedule of Stock Options Activity	n connection with its annual review of executive compensation and as described in the table below, the Compensation Committee of the Company's Board of Trustees approved an aggregate grant of AO LTIP Units (the “awards”) to the Company’s executive officers under the Plan. Executive Number of AO LTIP Units Participation Threshold per AO LTIP Unit John A. Kite 1,490,683 $ 15.79 Thomas A. McGowan 372,671 $ 15.79 Heath R. Fear 253,416 $ 15.79 Scott E. Murray 186,335 $ 15.79 A summary of option activity under the Plan as of December 31, 2019 , and changes during the year then ended, is presented below: ($ in thousands, except share and per share data) Aggregate Intrinsic Value Weighted-Average Remaining Contractual Term (in years) Options Weighted-Average Exercise Price Outstanding at January 1, 2019 60,567 $ 17.08 Granted — — Exercised (33,375 ) 14.48 Expired — — Forfeited (3,125 ) 17.00 Outstanding at December 31, 2019 $ 12 1.13 24,067 $ 20.25 Exercisable at December 31, 2019 $ 12 1.13 24,067 $ 20.25 Exercisable at December 31, 2018 60,567 $ 17.08
Schedule of Restricted Stock Activity	The following table summarizes the activity for time-based restricted unit awards for the year ended December 31, 2019 : Number of Restricted Units Weighted Average Grant Date Fair Value per unit Restricted units outstanding at January 1, 2019 124,662 $ 17.60 Restricted units granted 84,987 14.11 Restricted units vested (45,633 ) 18.10 Restricted units outstanding at December 31, 2019 164,016 $ 15.65 The following table summarizes the time-based restricted unit grants and vestings during the years ended December 31, 2019 , 2018 , and 2017 : ($ in thousands, except unit and per unit data) Number of Restricted Units Granted Weighted Average Fair Value of Restricted Units Vested 2019 84,987 $ 14.11 $ 749 2018 92,019 13.16 1,924 2017 44,490 23.22 1,516 The following table summarizes all restricted share activity to employees and non-employee members of the Board of Trustees as of December 31, 2019 and changes during the year then ended: Number of Restricted Shares Weighted Average Grant Date Fair Value per share Restricted shares outstanding at January 1, 2019 313,288 $ 18.99 Shares granted 154,440 15.84 Shares forfeited (8,457 ) 17.63 Shares vested (138,269 ) 19.74 Restricted shares outstanding at December 31, 2019 321,002 $ 17.19 The following table summarizes the restricted share grants and vestings during the years ended December 31, 2019 , 2018 , and 2017 : ($ in thousands, except share and per share data) Number of Restricted Shares Granted Weighted Average Fair Value of Restricted Shares Vested 2019 154,440 $ 15.84 $ 2,270 2018 202,043 15.35 2,038 2017 85,150 22.15 2,529

Deferred Costs and Intangible_2

Deferred Costs and Intangibles, net (Tables)	12 Months Ended
	Dec. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure	At December 31, 2019 and 2018 , deferred costs consisted of the following: ($ in thousands) 2019 2018 Acquired lease intangible assets $ 60,862 $ 81,852 Deferred leasing costs and other 62,109 69,870 122,971 151,722 Less—accumulated amortization (49,814 ) (56,307 ) Subtotal $ 73,157 $ 95,415 Less - asset held for sale — (151 ) Total 73,157 95,264
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The estimated net amounts of amortization from acquired lease intangible assets for each of the next five years and thereafter are as follows: ($ in thousands) Amortization of above market leases Amortization of acquired lease intangible assets Total 2020 $ 926 $ 4,846 $ 5,772 2021 681 3,872 4,553 2022 446 3,184 3,630 2023 424 2,463 2,887 2024 401 1,912 2,313 Thereafter 1,343 15,207 16,550 Total $ 4,221 $ 31,484 $ 35,705 The estimated net amounts of amortization of in-place lease liabilities and the increasing effect on minimum rent for each of the next five years and thereafter is as follows: ($ in thousands) 2020 $ 3,192 2021 2,973 2022 2,772 2023 2,584 2024 2,474 Thereafter 36,077 Total $ 50,072
Deferred Cost Amortization	The amounts of such amortization included in the accompanying consolidated statements of operations are as follows: ($ in thousands) For the year ended December 31, 2019 2018 2017 Amortization of deferred leasing costs, lease intangibles and other $ 14,239 $ 18,648 $ 22,960 Amortization of above market lease intangibles 1,200 2,553 4,025 The accompanying consolidated statements of operations include the following amounts of amortization of debt issuance costs as a component of interest expense: ($ in thousands) For the year ended December 31, 2019 2018 2017 Amortization of debt issuance costs $ 2,762 $ 3,944 $ 2,534

Deferred Revenue, Intangibles_2

Deferred Revenue, Intangibles, Net and Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
Schedule of Deferred Revenue and Other Liabilities	At December 31, 2019 and 2018 , deferred revenue, intangibles, net and other liabilities consisted of the following: ($ in thousands) 2019 2018 Unamortized in-place lease liabilities $ 50,072 $ 69,501 Retainages payable and other 2,254 2,489 Tenant rents received in advance 10,839 11,642 Lease liabilities 27,015 — Total $ 90,180 $ 83,632
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The estimated net amounts of amortization from acquired lease intangible assets for each of the next five years and thereafter are as follows: ($ in thousands) Amortization of above market leases Amortization of acquired lease intangible assets Total 2020 $ 926 $ 4,846 $ 5,772 2021 681 3,872 4,553 2022 446 3,184 3,630 2023 424 2,463 2,887 2024 401 1,912 2,313 Thereafter 1,343 15,207 16,550 Total $ 4,221 $ 31,484 $ 35,705 The estimated net amounts of amortization of in-place lease liabilities and the increasing effect on minimum rent for each of the next five years and thereafter is as follows: ($ in thousands) 2020 $ 3,192 2021 2,973 2022 2,772 2023 2,584 2024 2,474 Thereafter 36,077 Total $ 50,072

Disposals of Operating Proper_2

Disposals of Operating Properties and Impairment Charges (Tables)	12 Months Ended
	Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Operating Property Dispositions	The following summarizes our 2019 operating property dispositions: Property Name MSA Disposition Date Whitehall Pike Bloomington, IN March 2019 Beechwood Promenade Athens, GA April 2019 Village at Bay Park Green Bay, WI May 2019 Lakewood Promenade Jacksonville, FL May 2019 Palm Coast Landing Palm Coast, FL May 2019 Lowe's - Perimeter Woods Charlotte, NC May 2019 Cannery Corner Las Vegas, NV June 2019 Temple Terrace Tampa, FL June 2019 University Town Center Oklahoma City, OK June 2019 Gainesville Plaza Gainesville, FL July 2019 Bolton Plaza Jacksonville, FL July 2019 Eastgate Plaza Las Vegas, NV July 2019 Burnt Store Punta Gorda, FL July 2019 Landstown Commons Virginia Beach, VA August 2019 Lima Marketplace Fort Wayne, IN September 2019 Hitchcock Plaza Aiken, SC September 2019 Merrimack Village Center Manchester, NH September 2019 Publix at Acworth Atlanta, GA October 2019 The Centre at Panola Atlanta, GA October 2019 Beacon Hill Crown Point, IN October 2019 Bell Oaks Centre Evansville, IN November 2019 South Elgin Commons Chicago, IL December 2019 Boulevard Crossing Kokomo, IN December 2019 Property Name MSA Disposition Date Livingston Shopping Center New York/Northern New Jersey June 2018 Plaza Volente Austin, TX June 2018 Tamiami Crossing Naples, FL June 2018 Property Name MSA Disposition Date Cove Center Stuart, FL March 2017 Clay Marketplace Birmingham, AL June 2017 The Shops at Village Walk Fort Myers, FL June 2017 Wheatland Towne Crossing Dallas, TX June 2017 Property Name MSA Disposition Date Trussville Promenade Birmingham, AL February 2018 Memorial Commons Goldsboro, NC March 2018 Lake Lofts at Deerwood Jacksonville, FL November 2018 Hamilton Crossing Knoxville, TN November 2018 Fox Lake Crossing Chicago, IL December 2018 Lowe's Plaza Las Vegas, NV December 2018

Mortgage and Other Indebtedne_2

Mortgage and Other Indebtedness (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of Participating Mortgage Loans	Mortgage and other indebtedness consisted of the following as of December 31, 2019 and 2018 : ($ in thousands) As of December 31, 2019 Principal Unamortized Net Premiums Unamortized Debt Issuance Costs Total Senior Unsecured Notes—Fixed Rate Maturing at various dates from September 2023 through September 2027; interest rates ranging from 4.00% to 4.57% at December 31, 2019 $ 550,000 $ — $ (4,231 ) $ 545,769 Unsecured Revolving Credit Facility Matures April 2022 1 ; borrowing level up to $583.4 million available at December 31, 2019; interest at LIBOR + 1.15% or 2.91% at December 31, 2019 — — (2,625 ) (2,625 ) Unsecured Term Loans Matures October 2025; interest at LIBOR + 2.00% or 3.76% at December 31, 2019 250,000 — (1,859 ) 248,141 Mortgage Notes Payable—Fixed Rate Generally due in monthly installments of principal and interest; maturing at various dates from April 2022 through June 2030; interest rates ranging from 3.78% to 5.73% at December 31, 2019 297,472 2,176 (40 ) 299,608 Mortgage Notes Payable—Variable Rate Due in monthly installments of principal and interest; maturing in February 2022; interest at LIBOR + 1.60% or 3.36% at December 31, 2019 55,830 — (143 ) 55,687 Total mortgage and other indebtedness $ 1,153,302 $ 2,176 $ (8,898 ) $ 1,146,580 ($ in thousands) As of December 31, 2018 Principal Unamortized Net Premiums Unamortized Debt Issuance Costs Total Senior Unsecured Notes—Fixed Rate Maturing at various dates from September 2023 through September 2027; interest rates ranging from 4.00% to 4.57% at December 31, 2018 $ 550,000 $ — $ (4,864 ) $ 545,136 Unsecured Revolving Credit Facility Matures April 2022 1 ; borrowing level up to $449.5 million available at December 31, 2018; interest at LIBOR + 1.15% 2 or 3.65% at December 31, 2018 45,600 — (3,796 ) 41,804 Unsecured Term Loans $95 million matures July 2021; interest at LIBOR + 1.30% 2 or 3.80% at December 31, 2018; $250 million matures October 2025; interest at LIBOR + 2.00% or 4.50% at December 31, 2018 345,000 — (2,470 ) 342,530 Mortgage Notes Payable—Fixed Rate Generally due in monthly installments of principal and interest; maturing at various dates from September 2020 through June 2030; interest rates ranging from 3.78% to 6.78% at December 31, 2018 534,679 6,566 (584 ) 540,661 Mortgage Notes Payable—Variable Rate Due in monthly installments of principal and interest; maturing at various dates February 2022 through June 2025; interest at LIBOR + 1.50%-1.60%, ranging from 4.00% to 4.10% at December 31, 2018 73,491 — (321 ) 73,170 Total mortgage and other indebtedness $ 1,548,770 $ 6,566 $ (12,035 ) $ 1,543,301 ____________________ 1 The Company can extend the maturity date for two additional periods of six months each, subject to certain conditions. 2 The interest rates on our unsecured revolving credit facility and unsecured term loan varied at certain parts of the year due to provisions in the agreement and the amendment and restatement of the agreement.
Deferred Cost Amortization	The amounts of such amortization included in the accompanying consolidated statements of operations are as follows: ($ in thousands) For the year ended December 31, 2019 2018 2017 Amortization of deferred leasing costs, lease intangibles and other $ 14,239 $ 18,648 $ 22,960 Amortization of above market lease intangibles 1,200 2,553 4,025 The accompanying consolidated statements of operations include the following amounts of amortization of debt issuance costs as a component of interest expense: ($ in thousands) For the year ended December 31, 2019 2018 2017 Amortization of debt issuance costs $ 2,762 $ 3,944 $ 2,534
Schedule of Maturities of Long-term Debt	The following table presents maturities of mortgage debt and corporate debt as of December 31, 2019 : ($ in thousands) Scheduled Principal Payments Term Maturities Total 2020 $ 2,226 $ — $ 2,226 2021 2,303 — 2,303 2022 1,043 178,877 179,920 2023 806 256,517 257,323 2024 854 — 854 Thereafter 5,576 705,100 710,676 $ 12,808 $ 1,140,494 $ 1,153,302 Unamortized net debt premiums and issuance costs, net (6,722 ) Total $ 1,146,580

Lease Information (Tables)

Lease Information (Tables)	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Lease Rental Income	The Company recognized the following lease rental income for the year ended December 31, 2019: ($ in thousands) Year Ended December 31, 2019 Fixed Contractual Lease Payments - Operating Leases $ 244,666 Variable Lease Payments - Operating Leases 57,748 Straight-Line Rent Adjustment 2,209 Amortization of In-Place Lease Liabilities, net 3,776 Total $ 308,399
Schedule of Future Minimum Lease Payments to be Received	As of December 31, 2019 , future minimum rentals to be received under non-cancelable operating leases for each of the next five years and thereafter, excluding variable lease payments, are as follows: ($ in thousands) 2020 $ 219,020 2021 203,858 2022 176,630 2023 144,709 2024 114,560 Thereafter 394,986 Total $ 1,253,763
Schedule of Future Minimum Rental Payments for Operating Leases	Future minimum lease payments due under ground leases for the next five years ending December 31 and thereafter are as follows: ($ in thousands) 2020 $ 1,777 2021 1,789 2022 1,815 2023 1,636 2024 1,600 Thereafter 70,554 Total $ 79,171

Quarterly Financial Data (Una_2

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	Presented below is a summary of the consolidated quarterly financial data for the years ended December 31, 2019 and 2018 . ($ in thousands, except per share data) Quarter Ended Quarter Ended Quarter Ended Quarter Ended Total revenue $ 83,515 $ 81,480 $ 74,943 $ 75,265 Gain (loss) on sale of operating properties, net 6,587 24,092 (5,714 ) 14,005 Operating income (loss) 22,976 17,318 1,316 30,186 Consolidated net income (loss) 5,988 (1,697 ) (20,117 ) 15,855 Net income (loss) attributable to Kite Realty Group Trust common shareholders 5,715 (1,796 ) (19,735 ) 15,314 Net income (loss) per common share – basic and diluted 0.07 (0.02 ) (0.24 ) 0.18 Weighted average Common Shares outstanding - basic 83,843,681 83,938,961 83,960,841 83,960,045 Weighted average Common Shares outstanding - diluted 84,034,097 83,938,961 83,960,841 84,478,245 ($ in thousands, except per share data) Quarter Ended Quarter Ended Quarter Ended Quarter Ended Total revenue $ 89,763 $ 91,736 $ 85,747 $ 86,937 Gain (loss) on sale of operating properties, net 500 7,829 (177 ) (4,725 ) Operating income (loss) (1,532 ) 15,771 20,549 (13,757 ) Consolidated net income (loss) (17,997 ) (1,062 ) 4,317 (31,709 ) Net income (loss) attributable to Kite Realty Group Trust common shareholders (17,917 ) (1,366 ) 3,938 (31,221 ) Net income (loss) per common share – basic and diluted (0.21 ) (0.02 ) 0.05 (0.37 ) Weighted average Common Shares outstanding - basic 83,629,669 83,672,896 83,706,704 83,762,664 Weighted average Common Shares outstanding - diluted 83,629,669 83,672,896 83,767,655 83,762,664

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
Fair Value of Assets Acquired and Liabilities Assumed	The following table summarizes the estimation of the fair value of assets acquired and liabilities assumed for the properties acquired in 2019: ($ in thousands) Investment properties, net $ 56,393 Lease-related intangible assets, net 2,458 Other assets 320 Total acquired assets 59,171 Accounts payable and accrued expenses 595 Deferred revenue and other liabilities 371 Total assumed liabilities 966 Fair value of acquired net assets $ 58,205
Level 3 Assumptions Utilized in Determining Value of Acquired Assets	The range of the most significant Level 3 assumptions utilized in determining the value of the real estate and related assets acquired are as follows: Low High Net rental rate per square foot - Anchors $ 11.00 $ 12.96 Net rental rate per square foot - Small Shops $ 6.33 $ 32.00 Discount rate 9.0 % 9.0 %

Organization (Details)

Organization (Details) ft² in Millions	12 Months Ended
	Dec. 31, 2019ft²property	Dec. 31, 2018ft²property
Organization [Line Items]
General partner, ownership interest (as percent)	97.50%
Area of real estate property (in square feet) | ft²	17.4	21.9
Operating and Redevelopment Properties
Organization [Line Items]
Number of real estate properties	90	111
Operating and Redevelopment Properties | Consolidated Entities
Organization [Line Items]
Number of real estate properties	87	108
Operating and Redevelopment Properties | Equity Method Investee
Organization [Line Items]
Number of real estate properties	3	3
Under Construction Development Properties
Organization [Line Items]
Number of real estate properties	1	1
Kite Realty Group, LP
Organization [Line Items]
Limited partner, ownership interest (as percent)	2.50%

Basis of Presentation and Sum_4

Basis of Presentation and Summary of Significant Accounting Policies - Investment Properties (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Investment properties, at cost:
Land, buildings and improvements	$ 3,038,412	$ 3,600,743
Furniture, equipment and other	7,775	7,741
Construction in progress	41,204	32,636
Investment properties, at cost	$ 3,087,391	$ 3,641,120

Basis of Presentation and Sum_5

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Details)	1 Months Ended				12 Months Ended
	Nov. 30, 2018USD ($)	Aug. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2019USD ($)joint_venturesegmentshares	Dec. 31, 2018USD ($)propertyshares	Dec. 31, 2017USD ($)shares	Jun. 29, 2018USD ($)property
Investment [Line Items]
Variable interest entity, number of entities | joint_venture					2
Variable interest entity, consolidated, carrying amount, liabilities					$ 55,800,000
Variable interest entity, consolidated, carrying amount, assets					114,100,000
Payments to acquire equity method investments					798,000	$ 9,973,000	$ 1,400,000
Escrow deposits from sale of an operating property					13,200,000
Gains on sale of operating properties					$ 200,000	$ 3,100,000	$ 5,200,000
Provision for credit losses, net of recoveries as percent of total revenues (as percent)					1.10%	1.00%	0.80%
Weighted average limited partnership units outstanding, basic (in shares) | shares					2,100,000	2,000,000	2,000,000
Antidilutive securities excluded from computation of earnings per share (less than) (in shares) | shares					100,000	100,000	100,000
Number of operating segments | segment					1
Limited partners' capital account, units outstanding (in shares) | shares					2,110,037	2,035,349
Depreciation and amortization					$ 132,098,000	$ 152,163,000	$ 172,091,000
Incremental expense related to leases					$ 1,800,000
Redeemable Noncontrolling Interests
Investment [Line Items]
Noncontrolling interest, decrease from redemptions or purchase of interests	$ 12,000,000	$ 10,000,000		$ 8,300,000
Capital Unit, Class B
Investment [Line Items]
Number of joint ventures in which units are issued | joint_venture					3
Number of joint ventures in which units are issued, noncontrolling interest | joint_venture					1
Operating Partnership
Investment [Line Items]
Noncontrolling interest, ownership percentage by parent					97.50%	97.60%
Noncontrolling interest, ownership percentage by noncontrolling owners					2.50%	2.40%
Accounting Standards Update 2016-02
Investment [Line Items]
Incremental expense related to leases					$ 5,400,000
Co-venturer
Investment [Line Items]
Construction loan payable					$ 33,600,000	$ 33,600,000
Co-venturer | Construction Loan
Investment [Line Items]
Debt instrument, face amount						$ 33,800,000
TH Joint Venture
Investment [Line Items]
Ownership percentage in equity method investment (as percent)								20.00%
Embassy Suites Joint Venture
Investment [Line Items]
Ownership percentage in equity method investment (as percent)			35.00%			35.00%	35.00%
Payments to acquire equity method investments			$ 1,400,000
Building and Improvements | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)					10 years
Building and Improvements | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)					35 years
Equipment and Fixtures | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)					5 years
Equipment and Fixtures | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)					10 years
Livingston Shopping Center, Plaza Volente, and Tamiami Crossing | TH Joint Venture
Investment [Line Items]
Number of real estate properties | property						3		3
Consideration received						$ 99,800,000		$ 99,800,000
Equity method investment								$ 10,000,000

Basis of Presentation and Sum_6

Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation and Summary of Significant Accounting Policies - Summary of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Cash and cash equivalents	$ 31,336	$ 35,376	$ 24,082
Restricted cash and escrow deposits	21,477	10,130	8,094
Total cash, cash equivalents, restricted cash, and escrow deposits	$ 52,813	$ 45,506	$ 32,176	$ 28,912

Basis of Presentation and Sum_7

Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Concentration Risk by Risk Factor (Details) - Geographic Concentration Risk	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Billed Receivables | Florida
Concentration Risk [Line Items]
Concentration risk, percentage	36.00%	56.00%
Billed Receivables | Indiana
Concentration Risk [Line Items]
Concentration risk, percentage	19.00%	14.00%
Billed Receivables | Texas
Concentration Risk [Line Items]
Concentration risk, percentage	7.00%	3.00%
Revenues Recognized | Florida
Concentration Risk [Line Items]
Concentration risk, percentage	25.00%	25.00%	24.00%
Revenues Recognized | Indiana
Concentration Risk [Line Items]
Concentration risk, percentage	16.00%	15.00%	14.00%
Revenues Recognized | Texas
Concentration Risk [Line Items]
Concentration risk, percentage	14.00%	12.00%	13.00%

Basis of Presentation and Sum_8

Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Tax Characterizations of Dividends Paid (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Characterization [Line Items]
Income tax characterization of dividends paid (as a percent)	100.00%	100.00%	100.00%
Ordinary income
Income Tax Characterization [Line Items]
Income tax characterization of dividends paid (as a percent)	29.70%	56.00%	65.20%
Return of capital
Income Tax Characterization [Line Items]
Income tax characterization of dividends paid (as a percent)	35.20%	44.00%	24.30%
Capital gains
Income Tax Characterization [Line Items]
Income tax characterization of dividends paid (as a percent)	35.10%	0.00%	10.50%

Basis of Presentation and Sum_9

Basis of Presentation and Summary of Significant Accounting Policies - Noncontrolling Interests (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Noncontrolling interests balance January 1	$ 698	$ 698	$ 692
Net income allocable to noncontrolling interests, excluding redeemable noncontrolling interests	532	116	2,014
Distributions to noncontrolling interests	0	0	0
Noncontrolling interests balance at December 31	698	698	698
Excluding Redeemable Noncontrolling Interests
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net income allocable to noncontrolling interests, excluding redeemable noncontrolling interests	$ 0	$ 0	$ 6

Basis of Presentation and Su_10

Basis of Presentation and Summary of Significant Accounting Policies - Weighted Average Interests in Operating Partnership (Details) - Operating Partnership	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Noncontrolling Interest [Line Items]
Parent Company’s weighted average interest in Operating Partnership	97.60%	97.60%	97.70%
Limited partners' weighted average interests in Operating Partnership	2.40%	2.40%	2.30%

Basis of Presentation and Su_11

Basis of Presentation and Summary of Significant Accounting Policies - Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net income allocable to redeemable noncontrolling interests	$ 532	$ 116	$ 2,014
Distributions declared to redeemable noncontrolling interests	0	0	0
Acquisition of partners' interests in Territory joint venture	0	(21,993)	(8,261)
Redeemable Noncontrolling Interests
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Redeemable noncontrolling interests balance January 1	45,743	72,104	88,165
Net income allocable to redeemable noncontrolling interests	532	116	2,009
Distributions declared to redeemable noncontrolling interests	(3,191)	(3,788)	(4,155)
Acquisition of partners' interests in Territory joint venture	0	(22,461)	(8,261)
Other, net including adjustments to redemption value	9,490	(228)	(5,654)
Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at December 31	52,574	45,743	72,104
Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at December 31	45,743	72,104	72,104	$ 52,574	$ 45,743	$ 72,104
Redeemable Noncontrolling Interests | Partnership Interest
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Redeemable noncontrolling interests balance January 1	45,743	72,104
Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at December 31	52,574	45,743	72,104
Limited partners' interests in Operating Partnership				42,504	35,673	39,573
Other redeemable noncontrolling interests in certain subsidiaries				10,070	10,070	32,531
Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at December 31	$ 45,743	$ 72,104	$ 72,104	$ 52,574	$ 45,743	$ 72,104

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023USD ($)	Dec. 31, 2022USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)shares	Dec. 31, 2018USD ($)officershares	Dec. 31, 2017USD ($)officershares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense					$ 5,300	$ 4,900	$ 5,800
Allocation of recognized period costs, capitalized amount					$ 1,100	$ 1,700	$ 1,700
Number of shares available for grant (in shares) | shares					2,665,383
Granted (in shares) | shares					0	0	0
Exercised (in shares) | shares					33,375	3,125	0
Exercises in period, intrinsic value					$ 86	$ 23
Percent of compensation in time-based restricted shares (as percent)					40.00%
Percent of compensation in three-year performance shares (as percent)					60.00%
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)					5 years
Expiration period (in years)					10 years
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized (less than)					$ 3,900
Period for recognition (in years)					1 year 3 months 3 days
Restricted Stock | Scenario, Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense	$ 100	$ 600	$ 1,400	$ 1,800
Restricted Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)					3 years
Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)					5 years
Restricted Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)						3 years	3 years
Expiration period (in years)						3 years	3 years
Number of executive officers | officer						4	4
Percent of compensation based on absolute total shareholder return (as percent)							50.00%
Award measurement period (in years)						3 years	3 years
Percent of compensation based on relative total shareholder return (as percent)						60.00%	50.00%
Percent of compensation on achievement of defined FAD (as percent)						40.00%
Share-based compensation arrangement by share-based payment award, target value of awards granted						$ 2,400	$ 2,000
PSUs earned (in shares) | shares					73,000
Incremental adjustment amount (as percent)						25.00%
Aggregate intrinsic value, nonvested						$ 2,200	$ 2,200
Restricted Performance Stock Units | Scenario, Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense			100	700
Restricted Performance Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of compensation in three-year performance shares (as percent)						0.00%	0.00%
Restricted Performance Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of compensation in three-year performance shares (as percent)						200.00%	200.00%
AO LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense					$ 1,000
Compensation cost not yet recognized (less than)					$ 3,700
Period for recognition (in years)					3 years
Award measurement period (in years)					5 years
Minimum appreciation threshold for vesting (as a percent)					20.00%
Consecutive trading days for appreciation threshold (in days)					20 days
AO LTIP Units | Scenario, Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense		300	1,200	1,200
Time-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized (less than)					$ 1,500
Period for recognition (in years)					11 months 23 days
Time-Based Restricted Stock Units | Scenario, Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense		$ 100	$ 500	$ 1,000
The 2013 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of additional shares authorized (in shares) | shares					3,000,000

Share-Based Compensation - Opti

Share-Based Compensation - Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Outstanding, aggregate intrinsic value	$ 12
Exercisable, aggregate intrinsic value	$ 12
Outstanding, remaining contractual term	1 year 1 month 17 days
Exercisable, remaining contractual term	1 year 1 month 17 days
Exercisable (in shares)	24,067	60,567
Exercisable (in dollars per share)	$ 20.25	$ 17.08
Options
Outstanding, beginning of period (in shares)	60,567
Granted (in shares)	0	0	0
Exercised (in shares)	(33,375)	(3,125)	0
Expired (in shares)	0
Forfeited (in shares)	(3,125)
Outstanding, end of period (in shares)	24,067	60,567
Weighted-Average Exercise Price
Outstanding, beginning of period (in dollars per share)	$ 17.08
Granted (in dollars per share)	0
Exercised (in dollars per share)	14.48
Expired (in dollars per share)	0
Forfeited (in dollars per share)	17
Outstanding, end of period (in dollars per share)	$ 20.25	$ 17.08

Share-Based Compensation - Rest

Share-Based Compensation - Restricted Share Activity (Details) - Restricted Stock - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Number of Restricted Shares
Outstanding, beginning balance (in shares)	313,288
Shares granted (in shares)	154,440	202,043	85,150
Shares forfeited (in shares)	(8,457)
Shares vested (in shares)	(138,269)
Outstanding, ending balance (in shares)	321,002	313,288
Weighted Average Grant Date Fair Value per share
Outstanding, beginning balance (in dollars per share)	$ 18.99
Shares granted (in dollars per share)	15.84	$ 15.35	$ 22.15
Shares forfeited (in dollars per share)	17.63
Shares vested (in dollars per share)	19.74
Outstanding, ending balance (in dollars per share)	$ 17.19	$ 18.99
Fair value of restricted shares vested	$ 2,270	$ 2,038	$ 2,529

Share-Based Compensation - Re_2

Share-Based Compensation - Restricted Unit Activity (Details) - Time-Based Restricted Stock Units - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Number of Restricted Units
Outstanding, beginning balance (in shares)	124,662
Restricted units granted (in shares)	84,987	92,019	44,490
Restricted units vested (in shares)	(45,633)
Outstanding, ending balance (in shares)	164,016	124,662
Weighted Average Grant Date Fair Value per unit
Outstanding, beginning balance (in dollars per share)	$ 17.60
Restricted units granted (in dollars per share)	14.11	$ 13.16	$ 23.22
Restricted units vested (in dollars per share)	18.10
Outstanding, ending balance (in dollars per share)	$ 15.65	$ 17.60
Vested in period, fair value	$ 749	$ 1,924	$ 1,516

Share-Based Compensation - AO L

Share-Based Compensation - AO LTIP Units (Details) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)	24,067	60,567
John A. Kite | AO LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)	1,490,683
Participation Threshold per AO LTIP Unit (in dollars per share)	$ 15.79
Thomas A. McGowan | AO LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)	372,671
Participation Threshold per AO LTIP Unit (in dollars per share)	$ 15.79
Heath R. Fear | AO LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)	253,416
Participation Threshold per AO LTIP Unit (in dollars per share)	$ 15.79
Scott E. Murray | AO LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)	186,335
Participation Threshold per AO LTIP Unit (in dollars per share)	$ 15.79

Deferred Costs and Intangible_3

Deferred Costs and Intangibles, net - Deferred Costs (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Acquired lease intangible assets	$ 60,862	$ 81,852
Deferred leasing costs and other	62,109	69,870
Deferred costs, gross	122,971	151,722
Less—accumulated amortization	(49,814)	(56,307)
Subtotal	73,157	95,415
Less - asset held for sale	0	(151)
Total	$ 73,157	$ 95,264

Deferred Costs and Intangible_4

Deferred Costs and Intangibles, net - Future Amortization Expense (Details) $ in Thousands	Dec. 31, 2019USD ($)
Finite-Lived Intangible Assets [Line Items]
2020	$ 5,772
2021	4,553
2022	3,630
2023	2,887
2024	2,313
Thereafter	16,550
Total	35,705
Above Market Leases
Finite-Lived Intangible Assets [Line Items]
2020	926
2021	681
2022	446
2023	424
2024	401
Thereafter	1,343
Total	4,221
Acquired Lease Intangible Assets
Finite-Lived Intangible Assets [Line Items]
2020	4,846
2021	3,872
2022	3,184
2023	2,463
2024	1,912
Thereafter	15,207
Total	$ 31,484

Deferred Costs and Intangible_5

Deferred Costs and Intangibles, net - Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Amortization of deferred leasing costs, lease intangibles and other	$ 14,239	$ 18,648	$ 22,960
Amortization of above market lease intangibles	$ 1,200	$ 2,553	$ 4,025

Deferred Revenue, Intangibles_3

Deferred Revenue, Intangibles, Net and Other Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Other Liabilities Disclosure [Abstract]
Unamortized in-place lease liabilities	$ 50,072	$ 69,501
Retainages payable and other	2,254	2,489
Tenant rents received in advance	10,839	11,642
Lease liabilities	27,015	0
Total	90,180	83,632
Amortization of Below Market Lease	$ 5,000	$ 8,900	$ 7,700

Deferred Revenue, Intangibles_4

Deferred Revenue, Intangibles, Net and Other Liabilities - Aggregate Amortization of Acquired Lease Intangibles (Details) $ in Thousands	Dec. 31, 2019USD ($)
Finite-Lived Intangible Assets [Line Items]
2020	$ 5,772
2021	4,553
2022	3,630
2023	2,887
2024	2,313
Thereafter	16,550
Total	35,705
Leases, Acquired-in-Place
Finite-Lived Intangible Assets [Line Items]
2020	3,192
2021	2,973
2022	2,772
2023	2,584
2024	2,474
Thereafter	36,077
Total	$ 50,072

Disposals of Operating Proper_3

Disposals of Operating Properties and Impairment Charges - Additional Information (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2018USD ($)property	Dec. 31, 2019USD ($)property	Dec. 31, 2018USD ($)property	Dec. 31, 2017USD ($)property	Feb. 27, 2019USD ($)	Jun. 29, 2018USD ($)property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of real estate		$ 529,417	$ 218,387	$ 76,075
Depreciation and amortization		$ 37,723	$ 70,360	7,411
Property, plant, and equipment, fair value disclosure				26,000
Seven unnamed impaired properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties | property		7
Depreciation and amortization		$ 37,700
Property, plant, and equipment, fair value disclosure		176,000
Four unnamed impaired properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties | property	7		7
Depreciation and amortization	$ 70,400		$ 70,400
Property, plant, and equipment, fair value disclosure	$ 130,200		130,200
Scenario, Plan
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Real estate held-for-sale					$ 500,000
2019 Operating Properties Sold
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of real estate		543,800
Gain on disposal		$ 39,000
Trussville Promenade, Memorial Commons, Lake Lofts at Deerwood, Hamilton Crossing, Fox Lake Crossing and Lowe's Plaza
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of real estate			122,200
Livingston Shopping Center, Plaza Volente, and Tamiami Crossing
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposal			$ 3,400
Cove Center, Clay Marketplace, Shops at Village Walk and Wheatland Towne Crossing
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of real estate				76,100
Gain on disposal				$ 15,200
TH Joint Venture | Livingston Shopping Center, Plaza Volente, and Tamiami Crossing
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties | property	3		3			3
Consideration received	$ 99,800		$ 99,800			$ 99,800
TH Joint Venture
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Noncontrolling interest, ownership percentage by parent	80.00%		80.00%
Disposed of by sale | 2019 Operating Properties Sold
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties | property		23
Disposed of by sale | Trussville Promenade, Memorial Commons, Lake Lofts at Deerwood, Hamilton Crossing, Fox Lake Crossing and Lowe's Plaza
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties | property	6		6
Disposed of by sale | Cove Center, Clay Marketplace, Shops at Village Walk and Wheatland Towne Crossing
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties | property				4

Mortgage and Other Indebtedne_3

Mortgage and Other Indebtedness - Consolidated Indebtedness by Type of Debt (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Participating Mortgage Loans [Line Items]
Principal	$ 1,153,302,000	$ 1,548,770,000
Unamortized Net Premiums	2,176,000	6,566,000
Unamortized Debt Issuance Costs	(8,898,000)	(12,035,000)
Long-term debt	1,146,580,000	1,543,301,000
Revolving Credit Facility
Participating Mortgage Loans [Line Items]
Principal	0	45,600,000
Unamortized Net Premiums	0	0
Unamortized Debt Issuance Costs	(2,625,000)	(3,796,000)
Long-term debt	(2,625,000)	41,804,000
Line of credit facility, remaining borrowing capacity	$ 583,400,000	$ 449,500,000
Basis spread on variable rate (as percent)	1.15%	1.15%
Interest rate, effective percentage (as percent)	2.91%	3.65%
Senior Unsecured Notes | Fixed Rate Debt
Participating Mortgage Loans [Line Items]
Principal	$ 550,000,000	$ 550,000,000
Unamortized Net Premiums	0	0
Unamortized Debt Issuance Costs	(4,231,000)	(4,864,000)
Long-term debt	$ 545,769,000	$ 545,136,000
Senior Unsecured Notes | Fixed Rate Debt | Minimum
Participating Mortgage Loans [Line Items]
Interest rate during period (as percent)	4.00%	4.00%
Senior Unsecured Notes | Fixed Rate Debt | Maximum
Participating Mortgage Loans [Line Items]
Interest rate during period (as percent)	4.57%	4.57%
Unsecured Debt
Participating Mortgage Loans [Line Items]
Principal	$ 250,000,000	$ 345,000,000
Unamortized Net Premiums	0	0
Unamortized Debt Issuance Costs	(1,859,000)	(2,470,000)
Long-term debt	$ 248,141,000	$ 342,530,000
Unsecured Debt | Unsecured Term Loans, Maturing July 2021
Participating Mortgage Loans [Line Items]
Basis spread on variable rate (as percent)	2.00%	1.30%
Interest rate, effective percentage (as percent)	3.76%	3.80%
Debt instrument, face amount		$ 95,000,000
Unsecured Debt | Unsecured Term Loans, Maturing October 2022
Participating Mortgage Loans [Line Items]
Basis spread on variable rate (as percent)		2.00%
Interest rate, effective percentage (as percent)		4.50%
Debt instrument, face amount		$ 250,000,000
Mortgages | Fixed Rate Debt
Participating Mortgage Loans [Line Items]
Principal	$ 297,472,000	534,679,000
Unamortized Net Premiums	2,176,000	6,566,000
Unamortized Debt Issuance Costs	(40,000)	(584,000)
Long-term debt	$ 299,608,000	$ 540,661,000
Mortgages | Fixed Rate Debt | Minimum
Participating Mortgage Loans [Line Items]
Interest rate during period (as percent)	3.78%	3.78%
Mortgages | Fixed Rate Debt | Maximum
Participating Mortgage Loans [Line Items]
Interest rate during period (as percent)	5.73%	6.78%
Mortgages | Variable Rate Debt
Participating Mortgage Loans [Line Items]
Principal	$ 55,830,000	$ 73,491,000
Unamortized Net Premiums	0	0
Unamortized Debt Issuance Costs	(143,000)	(321,000)
Long-term debt	$ 55,687,000	$ 73,170,000
Mortgages | Variable Rate Debt | Minimum
Participating Mortgage Loans [Line Items]
Interest rate during period (as percent)		4.00%
Basis spread on variable rate (as percent)	1.60%	1.50%
Mortgages | Variable Rate Debt | Maximum
Participating Mortgage Loans [Line Items]
Interest rate during period (as percent)		4.10%
Basis spread on variable rate (as percent)	3.36%	1.60%

Mortgage and Other Indebtedne_4

Mortgage and Other Indebtedness - Additional Information (Details)	Oct. 25, 2018USD ($)extension	Apr. 24, 2018USD ($)extension	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Apr. 23, 2018USD ($)
Debt Instrument [Line Items]
Letters of credit outstanding			$ 1,200,000
Letters of credit outstanding, amount advanced			0
Value in unencumbered asset pool			1,400,000,000
Percentage bearing fixed interest, amount			847,500,000
Loan proceeds			75,000,000	$ 399,500,000	$ 97,700,000
Repayments of debt			470,500,000
Repayments of long-term debt			470,515,000	551,379,000	128,800,000
Interest costs capitalized			1,900,000	1,800,000	3,100,000
Percentage bearing variable interest, amount			305,800,000
Perimeter Woods, Killingly Commons, Fishers Station, and Whitehall Pike
Debt Instrument [Line Items]
Repayments of long-term debt			250,900,000
Kite Realty Group, LP
Debt Instrument [Line Items]
Loan proceeds			75,000,000	399,500,000	97,700,000
Repayments of long-term debt			470,515,000	551,379,000	$ 128,800,000
Three Fixed-Rate Secured Loans
Debt Instrument [Line Items]
Long-term debt, fair value			$ 864,000,000
Fixed Rate Debt | Minimum
Debt Instrument [Line Items]
Percentage bearing fixed interest (as percent)			3.19%
Fixed Rate Debt | Maximum
Debt Instrument [Line Items]
Percentage bearing fixed interest (as percent)			3.78%
Variable Rate Debt
Debt Instrument [Line Items]
Long-term debt, fair value			$ 307,600,000
Variable Rate Debt | Minimum
Debt Instrument [Line Items]
Percentage bearing fixed interest (as percent)			3.39%
Variable Rate Debt | Maximum
Debt Instrument [Line Items]
Percentage bearing fixed interest (as percent)			3.47%
Senior Unsecured Notes
Debt Instrument [Line Items]
Percentage bearing fixed interest, amount			$ 550,000,000
Scheduled Principal Payments
Debt Instrument [Line Items]
Repayments of long-term debt			4,100,000
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 600,000,000				$ 500,000,000
Line of credit, maximum amount available under option to increase		$ 1,000,000,000				$ 1,200,000,000
Number of additional extensions | extension		2
Extension period (in years)		6 months
Capitalization rate (as percent)		6.50%				6.75%
Line of credit facility, remaining borrowing capacity			583,400,000	$ 449,500,000
Loan proceeds			75,000,000
Repayments on credit facility			120,600,000
Borrowings to fund acquisition			30,000,000
Borrowings to fund development and other activities			$ 45,000,000
Revolving Credit Facility | Kite Realty Group, LP
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 600,000,000
Revolving Credit Facility | Swingline loan
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		60,000,000				$ 50,000,000
Letter of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 60,000,000				$ 50,000,000
Unsecured Debt | Term Loan Due October 2025 | Kite Realty Group, LP
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 250,000,000
Line of credit, maximum amount available under option to increase	$ 300,000,000
Number of additional extensions | extension	3
Extension period (in years)	1 year
London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Percentage bearing variable interest (as percent)			1.76%	2.50%

Mortgage and Other Indebtedne_5

Mortgage and Other Indebtedness - Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Debt Disclosure [Abstract]
Amortization of debt issuance costs	$ 2,762	$ 3,944	$ 2,534

Mortgage and Other Indebtedne_6

Mortgage and Other Indebtedness - Schedule of Debt Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Scheduled Principal Payments
2020	$ 2,226
2021	2,303
2022	1,043
2023	806
2024	854
Thereafter	5,576
Scheduled Principal Payments	12,808
Term Maturities
2020	0
2021	0
2022	178,877
2023	256,517
2024	0
Thereafter	705,100
Term Maturities	1,140,494
Total
2020	2,226
2021	2,303
2022	179,920
2023	257,323
2024	854
Thereafter	710,676
Total	1,153,302
Unamortized net debt premiums and issuance costs, net	(6,722)
Long-term debt	$ 1,146,580	$ 1,543,301

Derivative Instruments, Hedgi_2

Derivative Instruments, Hedging Activities and Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Average cap interest rate (as percent)	3.68%
Interest rate fair value hedge liability at fair value	$ 16,800	$ 3,500
Gain (loss) reclassified from AOCI into income, effective portion, net	600
Gain (loss) reclassified from AOCI into income, effective portion, net		800	$ 2,500
Interest expense	59,268	66,785	$ 65,702
Increase as Hedged Forecasted Interest Payments Occur
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest expense	1,500
Prepaid Expenses and Other Current Assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate fair value hedge asset at fair value		3,600
Accounts Payable and Accrued Liabilities
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate fair value hedge liability at fair value		7,100
Accrued Interest
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate fair value hedge liability at fair value	100	$ 100
Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 266,200

Lease Information Lease Informa

Lease Information Lease Information - Lease Rental Income (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Leases [Abstract]
Fixed Contractual Lease Payments - Operating Leases	$ 244,666
Variable Lease Payments - Operating Leases	57,748
Straight-Line Rent Adjustment	2,209
Amortization of In-Place Lease Liabilities, net	3,776
Total	$ 308,399

Lease Information - Additional

Lease Information - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)alease	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Jan. 01, 2019USD ($)
Operating Leased Assets [Line Items]
Operating lease, term of contract (in years)	4 years 6 months
Operating leases, earned overage rent revenue	$ 1,300
Operating leases, earned overage rent revenue		$ 1,200	$ 1,100
Number of properties subject to lease | lease	9
Area of land (in acres) | a	47
Weighted-average remaining term of ground leases (in years)	52 years 2 months 12 days
Rent expense	$ 1,800
Rent expense		1,700	$ 1,700
Operating lease payments	1,700
Operating lease liability	$ 27,015	$ 0
Incremental borrowing rate (as a percent)	5.86%
Minimum
Operating Leased Assets [Line Items]
Extension option (in years)	5 years
Length of extension option (in years)	20 years
Incremental borrowing rate (as a percent)	3.93%
Maximum
Operating Leased Assets [Line Items]
Extension option (in years)	10 years
Length of extension option (in years)	25 years
Incremental borrowing rate (as a percent)	6.33%
Accounting Standards Update 2016-02
Operating Leased Assets [Line Items]
Rent expense	$ 5,400
Operating lease, right-of-use asset				$ 27,000
Operating lease liability				$ 27,300

Lease Information - Future Mini

Lease Information - Future Minimum Rentals (Details) $ in Thousands	Dec. 31, 2019USD ($)
Leases [Abstract]
2020	$ 219,020
2021	203,858
2022	176,630
2023	144,709
2024	114,560
Thereafter	394,986
Total	$ 1,253,763

Lease Information - Future Mi_2

Lease Information - Future Minimum Lease Payments Due (Details) $ in Thousands	Dec. 31, 2019USD ($)
Leases [Abstract]
2020	$ 1,777
2021	1,789
2022	1,815
2023	1,636
2024	1,600
Thereafter	70,554
Total	$ 79,171

Shareholders_ Equity (Details)

Shareholders’ Equity (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Stockholders' Equity Note [Abstract]
Dividends declared per common share (in dollars per share)	$ 0.3175	$ 1.270	$ 1.270	$ 1.225
Dividends payable			$ 27.3

Quarterly Financial Data (Una_3

Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Total revenue	$ 75,265	$ 74,943	$ 81,480	$ 83,515	$ 86,937	$ 85,747	$ 91,736	$ 89,763	$ 315,173	$ 354,184	$ 358,819
Gain (loss) on sale of operating properties, net	14,005	(5,714)	24,092	6,587	(4,725)	(177)	7,829	500	38,971	3,424	15,160
Operating income (loss)	30,186	1,316	17,318	22,976	(13,757)	20,549	15,771	(1,532)	71,757	21,031	79,905
Consolidated net income (loss)	15,855	(20,117)	(1,697)	5,988	(31,709)	4,317	(1,062)	(17,997)	$ (2)	$ (46,451)	$ 13,888
Net income (loss) attributable to Kite Realty Group Trust common shareholders	$ 15,314	$ (19,735)	$ (1,796)	$ 5,715	$ (31,221)	$ 3,938	$ (1,366)	$ (17,917)
Net income (loss) per common share – basic and diluted (in dollars per share)	$ 0.18	$ (0.24)	$ (0.02)	$ 0.07	$ (0.37)	$ 0.05	$ (0.02)	$ (0.21)
Weighted average Common Shares outstanding - basic (in shares)	83,960,045	83,960,841	83,938,961	83,843,681	83,762,664	83,706,704	83,672,896	83,629,669	83,926,296	83,693,385	83,585,333
Weighted average Common Shares outstanding - diluted (in shares)	84,478,245	83,960,841	83,938,961	84,034,097	83,762,664	83,767,655	83,672,896	83,629,669	83,926,296	83,693,385	83,690,418

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Loss Contingencies [Line Items]
Letters of credit outstanding	$ 1,200,000
Letters of credit outstanding, amount advanced	0
Payment Guarantee | Construction Contracts
Loss Contingencies [Line Items]
Current value of obligation	11,800,000
Co-venturer
Loss Contingencies [Line Items]
Construction loan payable	$ 33,600,000	$ 33,600,000
Embassy Suites Joint Venture
Loss Contingencies [Line Items]
Ownership percentage in equity method investment (as percent)		35.00%	35.00%
Embassy Suites Joint Venture | Construction Loans
Loss Contingencies [Line Items]
Line of credit facility, maximum borrowing capacity			$ 33,800,000

Related Parties and Related P_2

Related Parties and Related Party Transactions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	$ 0.8	$ 0.5	$ 0.3
Entities Owned by Members of Management
Related Party Transaction [Line Items]
Revenue from related parties (less than)	$ 0.1	$ 0.1	$ 0.1

Acquisitions (Details)

Acquisitions (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)property	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Business Acquisition [Line Items]
Payments to acquire real estate	$ 58,205	$ 0	$ 0
2019 Operating Property Acquisitions
Business Acquisition [Line Items]
Number of retail operating properties acquired | property	1
Number of parking garages acquired | property	1
2019 Operating Property Acquisitions | Retail Operating Property
Business Acquisition [Line Items]
Payments to acquire real estate	$ 29,000
2019 Operating Property Acquisitions | Parking Garage
Business Acquisition [Line Items]
Payments to acquire real estate	$ 29,500
Lease Agreements | 2019 Operating Property Acquisitions
Business Acquisition [Line Items]
Weighted average useful life (in years)	5 years 7 months 6 days

Acquisitions Acquisitions - Fai

Acquisitions Acquisitions - Fair Value of Assets Acquired and Liabilities Assumed (Details) - 2019 Operating Property Acquisitions $ in Thousands	Dec. 31, 2019USD ($)
Business Acquisition [Line Items]
Investment properties, net	$ 56,393
Lease-related intangible assets, net	2,458
Other assets	320
Total acquired assets	59,171
Accounts payable and accrued expenses	595
Deferred revenue and other liabilities	371
Total assumed liabilities	966
Fair value of acquired net assets	$ 58,205

Acquisitions - Level 3 Assumpti

Acquisitions - Level 3 Assumptions Utilized in Determining Value of Acquired Assets (Details) - 2019 Operating Property Acquisitions - Valuation, Income Approach	12 Months Ended
	Dec. 31, 2019$ / ft²
Net rental rate per square foot - Anchors | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net rental rate per square foot (in dollars per share)	11
Net rental rate per square foot - Anchors | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net rental rate per square foot (in dollars per share)	12.96
Net rental rate per square foot - Small Shops | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net rental rate per square foot (in dollars per share)	6.33
Net rental rate per square foot - Small Shops | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net rental rate per square foot (in dollars per share)	32
Discount rate | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net rental rate per square foot (in dollars per share)	0.090
Discount rate | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net rental rate per square foot (in dollars per share)	0.090

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares	Feb. 12, 2020	Dec. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Subsequent Event [Line Items]
Dividends declared per common share (in dollars per share)		$ 0.3175	$ 1.270	$ 1.270	$ 1.225
Subsequent Event
Subsequent Event [Line Items]
Dividends declared per common share (in dollars per share)	$ 0.3175

Schedule III - Consolidated R_2

Schedule III - Consolidated Real Estate and Accumulated Depreciation - Consolidated Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Real Estate Properties [Line Items]
Encumbrances	$ 1,153,302
Initial cost, land	663,198
Initial cost, building & improvements	2,203,919
Costs capitalized subsequent to acquisition/development, land	3,452
Costs capitalized subsequent to acquisition/development, buildings and improvements	209,046
Gross carry amount close of period, land	666,650
Gross carry amount close of period, building and improvements	2,412,966
Gross carry amount close of period, total	3,079,616	$ 3,633,376	$ 3,949,431	$ 3,988,819
Accumulated depreciation	661,546	$ 695,012	$ 660,276	$ 556,851
Operating Properties
Real Estate Properties [Line Items]
Encumbrances	353,302
Initial cost, land	619,105
Initial cost, building & improvements	2,090,834
Costs capitalized subsequent to acquisition/development, land	3,452
Costs capitalized subsequent to acquisition/development, buildings and improvements	181,911
Gross carry amount close of period, land	622,557
Gross carry amount close of period, building and improvements	2,272,745
Gross carry amount close of period, total	2,895,302
Accumulated depreciation	604,449
Operating Properties | 12th Street Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,624
Initial cost, building & improvements	13,293
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	749
Gross carry amount close of period, land	2,624
Gross carry amount close of period, building and improvements	14,042
Gross carry amount close of period, total	16,666
Accumulated depreciation	4,224
Operating Properties | 54th & College
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,672
Initial cost, building & improvements	0
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	2,672
Gross carry amount close of period, building and improvements	0
Gross carry amount close of period, total	2,672
Accumulated depreciation	0
Operating Properties | Bayonne Crossing
Real Estate Properties [Line Items]
Encumbrances	42,940
Initial cost, land	47,809
Initial cost, building & improvements	44,246
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	916
Gross carry amount close of period, land	47,809
Gross carry amount close of period, building and improvements	45,162
Gross carry amount close of period, total	92,971
Accumulated depreciation	10,589
Operating Properties | Bayport Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,005
Initial cost, building & improvements	20,648
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	2,090
Gross carry amount close of period, land	7,005
Gross carry amount close of period, building and improvements	22,738
Gross carry amount close of period, total	29,743
Accumulated depreciation	7,438
Operating Properties | Belle Isle
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,130
Initial cost, building & improvements	41,426
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	4,635
Gross carry amount close of period, land	9,130
Gross carry amount close of period, building and improvements	46,061
Gross carry amount close of period, total	55,191
Accumulated depreciation	10,085
Operating Properties | Bridgewater Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,407
Initial cost, building & improvements	8,668
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	620
Gross carry amount close of period, land	3,407
Gross carry amount close of period, building and improvements	9,288
Gross carry amount close of period, total	12,695
Accumulated depreciation	3,387
Operating Properties | Burlington Coat Factory
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	29
Initial cost, building & improvements	2,773
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	6
Gross carry amount close of period, land	29
Gross carry amount close of period, building and improvements	2,779
Gross carry amount close of period, total	2,808
Accumulated depreciation	1,774
Operating Properties | Castleton Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,761
Initial cost, building & improvements	29,309
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,019
Gross carry amount close of period, land	9,761
Gross carry amount close of period, building and improvements	30,328
Gross carry amount close of period, total	40,089
Accumulated depreciation	8,288
Operating Properties | Chapel Hill Shopping Center
Real Estate Properties [Line Items]
Encumbrances	18,250
Initial cost, land	0
Initial cost, building & improvements	35,072
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,344
Gross carry amount close of period, land	0
Gross carry amount close of period, building and improvements	36,416
Gross carry amount close of period, total	36,416
Accumulated depreciation	7,538
Operating Properties | City Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	20,565
Initial cost, building & improvements	180,235
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	4,472
Gross carry amount close of period, land	20,565
Gross carry amount close of period, building and improvements	184,708
Gross carry amount close of period, total	205,273
Accumulated depreciation	38,513
Operating Properties | Centennial Center
Real Estate Properties [Line Items]
Encumbrances	70,455
Initial cost, land	58,960
Initial cost, building & improvements	72,704
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,243
Gross carry amount close of period, land	58,960
Gross carry amount close of period, building and improvements	73,947
Gross carry amount close of period, total	132,907
Accumulated depreciation	21,115
Operating Properties | Centennial Gateway
Real Estate Properties [Line Items]
Encumbrances	23,962
Initial cost, land	5,305
Initial cost, building & improvements	48,969
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	67
Gross carry amount close of period, land	5,305
Gross carry amount close of period, building and improvements	49,035
Gross carry amount close of period, total	54,340
Accumulated depreciation	10,425
Operating Properties | Centre Point Commons
Real Estate Properties [Line Items]
Encumbrances	14,410
Initial cost, land	2,918
Initial cost, building & improvements	22,372
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	113
Gross carry amount close of period, land	2,918
Gross carry amount close of period, building and improvements	22,485
Gross carry amount close of period, total	25,403
Accumulated depreciation	4,952
Operating Properties | Cobblestone Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,221
Initial cost, building & improvements	45,526
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,386
Gross carry amount close of period, land	11,221
Gross carry amount close of period, building and improvements	46,912
Gross carry amount close of period, total	58,133
Accumulated depreciation	12,508
Operating Properties | Colonial Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,521
Initial cost, building & improvements	18,566
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	2,160
Gross carry amount close of period, land	7,521
Gross carry amount close of period, building and improvements	20,726
Gross carry amount close of period, total	28,247
Accumulated depreciation	4,211
Operating Properties | Colleyville Downs
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,446
Initial cost, building & improvements	38,534
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,755
Gross carry amount close of period, land	5,446
Gross carry amount close of period, building and improvements	40,289
Gross carry amount close of period, total	45,735
Accumulated depreciation	10,594
Operating Properties | Cool Creek Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,062
Initial cost, building & improvements	13,374
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	2,704
Gross carry amount close of period, land	6,062
Gross carry amount close of period, building and improvements	16,078
Gross carry amount close of period, total	22,140
Accumulated depreciation	6,520
Operating Properties | Cool Springs Market
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	12,644
Initial cost, building & improvements	22,870
Costs capitalized subsequent to acquisition/development, land	40
Costs capitalized subsequent to acquisition/development, buildings and improvements	6,414
Gross carry amount close of period, land	12,684
Gross carry amount close of period, building and improvements	29,285
Gross carry amount close of period, total	41,969
Accumulated depreciation	8,464
Operating Properties | Crossing at Killingly Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	21,999
Initial cost, building & improvements	34,806
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	191
Gross carry amount close of period, land	21,999
Gross carry amount close of period, building and improvements	34,996
Gross carry amount close of period, total	56,995
Accumulated depreciation	8,687
Operating Properties | Delray Marketplace
Real Estate Properties [Line Items]
Encumbrances	55,830
Initial cost, land	18,750
Initial cost, building & improvements	87,353
Costs capitalized subsequent to acquisition/development, land	1,284
Costs capitalized subsequent to acquisition/development, buildings and improvements	5,801
Gross carry amount close of period, land	20,034
Gross carry amount close of period, building and improvements	93,155
Gross carry amount close of period, total	113,189
Accumulated depreciation	21,103
Operating Properties | DePauw University Bookstore & Café
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	64
Initial cost, building & improvements	663
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	45
Gross carry amount close of period, land	64
Gross carry amount close of period, building and improvements	708
Gross carry amount close of period, total	772
Accumulated depreciation	369
Operating Properties | Draper Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,054
Initial cost, building & improvements	27,156
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	663
Gross carry amount close of period, land	9,054
Gross carry amount close of period, building and improvements	27,819
Gross carry amount close of period, total	36,873
Accumulated depreciation	6,855
Operating Properties | Draper Peaks
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,498
Initial cost, building & improvements	47,093
Costs capitalized subsequent to acquisition/development, land	522
Costs capitalized subsequent to acquisition/development, buildings and improvements	3,886
Gross carry amount close of period, land	12,020
Gross carry amount close of period, building and improvements	50,980
Gross carry amount close of period, total	63,000
Accumulated depreciation	9,570
Operating Properties | Eastern Beltway Center
Real Estate Properties [Line Items]
Encumbrances	34,100
Initial cost, land	23,221
Initial cost, building & improvements	45,659
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	3,993
Gross carry amount close of period, land	23,221
Gross carry amount close of period, building and improvements	49,652
Gross carry amount close of period, total	72,873
Accumulated depreciation	9,644
Operating Properties | Eastgate Pavilion
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,026
Initial cost, building & improvements	18,067
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,235
Gross carry amount close of period, land	8,026
Gross carry amount close of period, building and improvements	19,302
Gross carry amount close of period, total	27,328
Accumulated depreciation	8,449
Operating Properties | Eddy Street Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,900
Initial cost, building & improvements	36,762
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	2,071
Gross carry amount close of period, land	1,900
Gross carry amount close of period, building and improvements	38,833
Gross carry amount close of period, total	40,733
Accumulated depreciation	12,771
Operating Properties | Estero Town Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,973
Initial cost, building & improvements	9,953
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	976
Gross carry amount close of period, land	8,973
Gross carry amount close of period, building and improvements	10,930
Gross carry amount close of period, total	19,903
Accumulated depreciation	3,701
Operating Properties | Fishers Station
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,008
Initial cost, building & improvements	15,773
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	82
Gross carry amount close of period, land	4,008
Gross carry amount close of period, building and improvements	15,854
Gross carry amount close of period, total	19,862
Accumulated depreciation	4,603
Operating Properties | Geist Pavilion
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,368
Initial cost, building & improvements	8,449
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	2,355
Gross carry amount close of period, land	1,368
Gross carry amount close of period, building and improvements	10,804
Gross carry amount close of period, total	12,172
Accumulated depreciation	4,594
Operating Properties | Greyhound Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,629
Initial cost, building & improvements	794
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	861
Gross carry amount close of period, land	2,629
Gross carry amount close of period, building and improvements	1,655
Gross carry amount close of period, total	4,284
Accumulated depreciation	860
Operating Properties | Holly Springs Towne Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	12,319
Initial cost, building & improvements	46,589
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	3,964
Gross carry amount close of period, land	12,319
Gross carry amount close of period, building and improvements	50,553
Gross carry amount close of period, total	62,872
Accumulated depreciation	10,524
Operating Properties | Holly Springs Towne Center - Phase II
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,910
Initial cost, building & improvements	49,212
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,345
Gross carry amount close of period, land	11,910
Gross carry amount close of period, building and improvements	50,557
Gross carry amount close of period, total	62,467
Accumulated depreciation	6,185
Operating Properties | Hunters Creek Promenade
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,335
Initial cost, building & improvements	12,674
Costs capitalized subsequent to acquisition/development, land	179
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,137
Gross carry amount close of period, land	8,514
Gross carry amount close of period, building and improvements	13,810
Gross carry amount close of period, total	22,324
Accumulated depreciation	3,211
Operating Properties | Indian River Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,100
Initial cost, building & improvements	6,304
Costs capitalized subsequent to acquisition/development, land	1,100
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,566
Gross carry amount close of period, land	6,200
Gross carry amount close of period, building and improvements	7,870
Gross carry amount close of period, total	14,070
Accumulated depreciation	2,974
Operating Properties | International Speedway Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,769
Initial cost, building & improvements	15,362
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	9,424
Gross carry amount close of period, land	7,769
Gross carry amount close of period, building and improvements	24,786
Gross carry amount close of period, total	32,555
Accumulated depreciation	15,352
Operating Properties | King's Lake Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,519
Initial cost, building & improvements	15,630
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,696
Gross carry amount close of period, land	4,519
Gross carry amount close of period, building and improvements	17,326
Gross carry amount close of period, total	21,845
Accumulated depreciation	8,309
Operating Properties | Kingwood Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,715
Initial cost, building & improvements	30,894
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	253
Gross carry amount close of period, land	5,715
Gross carry amount close of period, building and improvements	31,148
Gross carry amount close of period, total	36,863
Accumulated depreciation	10,083
Operating Properties | Lake City Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,415
Initial cost, building & improvements	10,242
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	365
Gross carry amount close of period, land	3,415
Gross carry amount close of period, building and improvements	10,608
Gross carry amount close of period, total	14,023
Accumulated depreciation	2,941
Operating Properties | Lake City Commons - Phase II
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,277
Initial cost, building & improvements	2,086
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	16
Gross carry amount close of period, land	1,277
Gross carry amount close of period, building and improvements	2,102
Gross carry amount close of period, total	3,379
Accumulated depreciation	411
Operating Properties | Lake Mary Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,413
Initial cost, building & improvements	8,719
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	89
Gross carry amount close of period, land	1,413
Gross carry amount close of period, building and improvements	8,808
Gross carry amount close of period, total	10,221
Accumulated depreciation	1,781
Operating Properties | Lithia Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,065
Initial cost, building & improvements	9,983
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	6,061
Gross carry amount close of period, land	3,065
Gross carry amount close of period, building and improvements	16,044
Gross carry amount close of period, total	19,109
Accumulated depreciation	5,846
Operating Properties | Market Street Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,764
Initial cost, building & improvements	16,323
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	2,947
Gross carry amount close of period, land	9,764
Gross carry amount close of period, building and improvements	19,270
Gross carry amount close of period, total	29,034
Accumulated depreciation	7,871
Operating Properties | Miramar Square
Real Estate Properties [Line Items]
Encumbrances	31,625
Initial cost, land	26,492
Initial cost, building & improvements	30,820
Costs capitalized subsequent to acquisition/development, land	389
Costs capitalized subsequent to acquisition/development, buildings and improvements	6,728
Gross carry amount close of period, land	26,880
Gross carry amount close of period, building and improvements	37,548
Gross carry amount close of period, total	64,428
Accumulated depreciation	8,205
Operating Properties | Mullins Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,582
Initial cost, building & improvements	42,150
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	6,260
Gross carry amount close of period, land	10,582
Gross carry amount close of period, building and improvements	48,410
Gross carry amount close of period, total	58,992
Accumulated depreciation	12,175
Operating Properties | Naperville Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,364
Initial cost, building & improvements	11,396
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	233
Gross carry amount close of period, land	5,364
Gross carry amount close of period, building and improvements	11,629
Gross carry amount close of period, total	16,993
Accumulated depreciation	3,973
Operating Properties | Nora Plaza
Real Estate Properties [Line Items]
Encumbrances
Initial cost, land	3,790
Initial cost, building & improvements	21,329
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,750
Gross carry amount close of period, land	3,790
Gross carry amount close of period, building and improvements	23,079
Gross carry amount close of period, total	26,868
Accumulated depreciation	526
Operating Properties | Northcrest Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,044
Initial cost, building & improvements	33,704
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,109
Gross carry amount close of period, land	4,044
Gross carry amount close of period, building and improvements	34,812
Gross carry amount close of period, total	38,856
Accumulated depreciation	6,913
Operating Properties | Northdale Promenade
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,718
Initial cost, building & improvements	27,242
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	135
Gross carry amount close of period, land	1,718
Gross carry amount close of period, building and improvements	27,377
Gross carry amount close of period, total	29,095
Accumulated depreciation	11,180
Operating Properties | Oleander Place
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	863
Initial cost, building & improvements	5,935
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	285
Gross carry amount close of period, land	863
Gross carry amount close of period, building and improvements	6,220
Gross carry amount close of period, total	7,083
Accumulated depreciation	2,157
Operating Properties | Parkside Town Commons - Phase I
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,108
Initial cost, building & improvements	42,194
Costs capitalized subsequent to acquisition/development, land	(60)
Costs capitalized subsequent to acquisition/development, buildings and improvements	788
Gross carry amount close of period, land	3,047
Gross carry amount close of period, building and improvements	42,982
Gross carry amount close of period, total	46,029
Accumulated depreciation	9,496
Operating Properties | Parkside Town Commons - Phase II
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	20,722
Initial cost, building & improvements	66,766
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	7,476
Gross carry amount close of period, land	20,722
Gross carry amount close of period, building and improvements	74,242
Gross carry amount close of period, total	94,964
Accumulated depreciation	12,211
Operating Properties | Perimeter Woods
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,993
Initial cost, building & improvements	26,879
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	821
Gross carry amount close of period, land	8,993
Gross carry amount close of period, building and improvements	27,700
Gross carry amount close of period, total	36,693
Accumulated depreciation	5,729
Operating Properties | Pine Ridge Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,640
Initial cost, building & improvements	17,024
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	3,963
Gross carry amount close of period, land	5,640
Gross carry amount close of period, building and improvements	20,988
Gross carry amount close of period, total	26,628
Accumulated depreciation	7,659
Operating Properties | Plaza at Cedar Hill
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,782
Initial cost, building & improvements	36,781
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	11,308
Gross carry amount close of period, land	5,782
Gross carry amount close of period, building and improvements	48,089
Gross carry amount close of period, total	53,871
Accumulated depreciation	20,688
Operating Properties | Pleasant Hill Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,350
Initial cost, building & improvements	10,094
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	375
Gross carry amount close of period, land	3,350
Gross carry amount close of period, building and improvements	10,469
Gross carry amount close of period, total	13,819
Accumulated depreciation	2,850
Operating Properties | Portofino Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,754
Initial cost, building & improvements	75,254
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	18,066
Gross carry amount close of period, land	4,754
Gross carry amount close of period, building and improvements	93,319
Gross carry amount close of period, total	98,073
Accumulated depreciation	26,149
Operating Properties | Publix at Woodruff
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,783
Initial cost, building & improvements	6,352
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	878
Gross carry amount close of period, land	1,783
Gross carry amount close of period, building and improvements	7,230
Gross carry amount close of period, total	9,013
Accumulated depreciation	3,205
Operating Properties | Rampart Commons
Real Estate Properties [Line Items]
Encumbrances	9,495
Initial cost, land	1,136
Initial cost, building & improvements	42,808
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	554
Gross carry amount close of period, land	1,136
Gross carry amount close of period, building and improvements	43,362
Gross carry amount close of period, total	44,498
Accumulated depreciation	9,591
Operating Properties | Rangeline Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,006
Initial cost, building & improvements	18,367
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	663
Gross carry amount close of period, land	2,006
Gross carry amount close of period, building and improvements	19,030
Gross carry amount close of period, total	21,036
Accumulated depreciation	7,125
Operating Properties | Riverchase Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,889
Initial cost, building & improvements	11,404
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,123
Gross carry amount close of period, land	3,889
Gross carry amount close of period, building and improvements	12,527
Gross carry amount close of period, total	16,416
Accumulated depreciation	4,956
Operating Properties | Rivers Edge
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,647
Initial cost, building & improvements	31,358
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,938
Gross carry amount close of period, land	5,647
Gross carry amount close of period, building and improvements	33,295
Gross carry amount close of period, total	38,942
Accumulated depreciation	10,285
Operating Properties | Saxon Crossing
Real Estate Properties [Line Items]
Encumbrances	11,400
Initial cost, land	3,764
Initial cost, building & improvements	16,782
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	597
Gross carry amount close of period, land	3,764
Gross carry amount close of period, building and improvements	17,380
Gross carry amount close of period, total	21,144
Accumulated depreciation	4,393
Operating Properties | Shoppes at Plaza Green
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,749
Initial cost, building & improvements	23,853
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,844
Gross carry amount close of period, land	3,749
Gross carry amount close of period, building and improvements	25,697
Gross carry amount close of period, total	29,446
Accumulated depreciation	8,837
Operating Properties | Shoppes of Eastwood
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,688
Initial cost, building & improvements	8,969
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	502
Gross carry amount close of period, land	1,688
Gross carry amount close of period, building and improvements	9,471
Gross carry amount close of period, total	11,159
Accumulated depreciation	3,221
Operating Properties | Shops at Eagle Creek
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,550
Initial cost, building & improvements	8,844
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	5,197
Gross carry amount close of period, land	4,550
Gross carry amount close of period, building and improvements	14,041
Gross carry amount close of period, total	18,591
Accumulated depreciation	5,630
Operating Properties | Shops at Julington Creek
Real Estate Properties [Line Items]
Encumbrances	4,785
Initial cost, land	2,372
Initial cost, building & improvements	7,189
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	347
Gross carry amount close of period, land	2,372
Gross carry amount close of period, building and improvements	7,536
Gross carry amount close of period, total	9,908
Accumulated depreciation	1,289
Operating Properties | Shops at Moore
Real Estate Properties [Line Items]
Encumbrances	21,300
Initial cost, land	6,284
Initial cost, building & improvements	23,375
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,606
Gross carry amount close of period, land	6,284
Gross carry amount close of period, building and improvements	24,981
Gross carry amount close of period, total	31,265
Accumulated depreciation	4,743
Operating Properties | Silver Springs Pointe
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,580
Initial cost, building & improvements	3,602
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,712
Gross carry amount close of period, land	7,580
Gross carry amount close of period, building and improvements	5,313
Gross carry amount close of period, total	12,893
Accumulated depreciation	1,352
Operating Properties | Stoney Creek Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	628
Initial cost, building & improvements	3,700
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	5,913
Gross carry amount close of period, land	628
Gross carry amount close of period, building and improvements	9,613
Gross carry amount close of period, total	10,241
Accumulated depreciation	3,617
Operating Properties | Sunland Towne Centre
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,774
Initial cost, building & improvements	21,026
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	5,039
Gross carry amount close of period, land	14,774
Gross carry amount close of period, building and improvements	26,066
Gross carry amount close of period, total	40,840
Accumulated depreciation	11,097
Operating Properties | Tarpon Bay Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,273
Initial cost, building & improvements	23,096
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	5,056
Gross carry amount close of period, land	4,273
Gross carry amount close of period, building and improvements	28,152
Gross carry amount close of period, total	32,425
Accumulated depreciation	8,259
Operating Properties | The Corner
Real Estate Properties [Line Items]
Encumbrances	14,750
Initial cost, land	3,772
Initial cost, building & improvements	24,642
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	22
Gross carry amount close of period, land	3,772
Gross carry amount close of period, building and improvements	24,663
Gross carry amount close of period, total	28,435
Accumulated depreciation	5,206
Operating Properties | The Landing at Tradition
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	18,505
Initial cost, building & improvements	46,226
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	536
Gross carry amount close of period, land	18,505
Gross carry amount close of period, building and improvements	46,762
Gross carry amount close of period, total	65,267
Accumulated depreciation	9,080
Operating Properties | Toringdon Market
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,448
Initial cost, building & improvements	9,523
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	542
Gross carry amount close of period, land	5,448
Gross carry amount close of period, building and improvements	10,065
Gross carry amount close of period, total	15,513
Accumulated depreciation	3,019
Operating Properties | Traders Point
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,443
Initial cost, building & improvements	36,433
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	2,838
Gross carry amount close of period, land	9,443
Gross carry amount close of period, building and improvements	39,271
Gross carry amount close of period, total	48,714
Accumulated depreciation	16,843
Operating Properties | Traders Point II
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,376
Initial cost, building & improvements	6,107
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,164
Gross carry amount close of period, land	2,376
Gross carry amount close of period, building and improvements	7,271
Gross carry amount close of period, total	9,647
Accumulated depreciation	3,086
Operating Properties | Tradition Village Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,140
Initial cost, building & improvements	14,842
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	566
Gross carry amount close of period, land	3,140
Gross carry amount close of period, building and improvements	15,408
Gross carry amount close of period, total	18,548
Accumulated depreciation	3,273
Operating Properties | Waterford Lakes Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,317
Initial cost, building & improvements	6,388
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	571
Gross carry amount close of period, land	2,317
Gross carry amount close of period, building and improvements	6,960
Gross carry amount close of period, total	9,277
Accumulated depreciation	2,956
Operating Properties | Waxahachie Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,411
Initial cost, building & improvements	15,644
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	155
Gross carry amount close of period, land	1,411
Gross carry amount close of period, building and improvements	15,798
Gross carry amount close of period, total	17,209
Accumulated depreciation	3,051
Operating Properties | Westside Market
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,194
Initial cost, building & improvements	17,606
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	536
Gross carry amount close of period, land	4,194
Gross carry amount close of period, building and improvements	18,142
Gross carry amount close of period, total	22,336
Accumulated depreciation	3,104
Office Properties
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,547
Initial cost, building & improvements	41,787
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	23,969
Gross carry amount close of period, land	2,547
Gross carry amount close of period, building and improvements	65,756
Gross carry amount close of period, total	68,303
Accumulated depreciation	18,205
Office Properties | Thirty South
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,643
Initial cost, building & improvements	9,600
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	21,860
Gross carry amount close of period, land	1,643
Gross carry amount close of period, building and improvements	31,461
Gross carry amount close of period, total	33,104
Accumulated depreciation	12,752
Office Properties | Pan Am Plaza Garage
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	29,536
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	276
Gross carry amount close of period, land	0
Gross carry amount close of period, building and improvements	29,813
Gross carry amount close of period, total	29,813
Accumulated depreciation	3,551
Office Properties | Union Station Parking Garage
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	904
Initial cost, building & improvements	2,650
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	1,832
Gross carry amount close of period, land	904
Gross carry amount close of period, building and improvements	4,482
Gross carry amount close of period, total	5,386
Accumulated depreciation	1,903
Development And Redevelopment Properties
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,556
Initial cost, building & improvements	70,414
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	3,166
Gross carry amount close of period, land	14,556
Gross carry amount close of period, building and improvements	73,580
Gross carry amount close of period, total	88,136
Accumulated depreciation	38,826
Development And Redevelopment Properties | Courthouse Shadows
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,999
Initial cost, building & improvements	8,182
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	4,999
Gross carry amount close of period, building and improvements	8,182
Gross carry amount close of period, total	13,181
Accumulated depreciation	2,339
Development And Redevelopment Properties | Hamilton Crossing Centre
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,549
Initial cost, building & improvements	10,326
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	5,549
Gross carry amount close of period, building and improvements	10,326
Gross carry amount close of period, total	15,875
Accumulated depreciation	4,226
Development And Redevelopment Properties | The Corner
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	304
Initial cost, building & improvements	3,681
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	155
Gross carry amount close of period, land	304
Gross carry amount close of period, building and improvements	3,836
Gross carry amount close of period, total	4,140
Accumulated depreciation	0
Development And Redevelopment Properties | Eddy Street Commons - Phase II
Real Estate Properties [Line Items]
Encumbrances
Initial cost, land	2,209
Initial cost, building & improvements	4,394
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	2,209
Gross carry amount close of period, building and improvements	4,394
Gross carry amount close of period, total	6,603
Accumulated depreciation	40
Development And Redevelopment Properties | Glendale Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,494
Initial cost, building & improvements	43,832
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	3,011
Gross carry amount close of period, land	1,494
Gross carry amount close of period, building and improvements	46,843
Gross carry amount close of period, total	48,337
Accumulated depreciation	32,221
Other Property
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	26,990
Initial cost, building & improvements	885
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	26,990
Gross carry amount close of period, building and improvements	885
Gross carry amount close of period, total	27,875
Accumulated depreciation	66
Other Property | Bridgewater Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,139
Initial cost, building & improvements	0
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	2,139
Gross carry amount close of period, building and improvements	0
Gross carry amount close of period, total	2,139
Accumulated depreciation	0
Other Property | Landstown - Fulton Bank Pad
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	930
Initial cost, building & improvements	0
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	930
Gross carry amount close of period, building and improvements	0
Gross carry amount close of period, total	930
Accumulated depreciation	0
Other Property | KRG Development
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	885
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	0
Gross carry amount close of period, building and improvements	885
Gross carry amount close of period, total	885
Accumulated depreciation	66
Other Property | KRG New Hill
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,957
Initial cost, building & improvements	0
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	5,957
Gross carry amount close of period, building and improvements	0
Gross carry amount close of period, total	5,957
Accumulated depreciation	0
Other Property | KRG Peakway
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,444
Initial cost, building & improvements	0
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	7,444
Gross carry amount close of period, building and improvements	0
Gross carry amount close of period, total	7,444
Accumulated depreciation	0
Other Property | Pan Am Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,521
Initial cost, building & improvements	0
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	10,521
Gross carry amount close of period, building and improvements	0
Gross carry amount close of period, total	10,521
Accumulated depreciation	0
Line of Credit/Term Loans/Unsecured Notes
Real Estate Properties [Line Items]
Encumbrances	800,000
Initial cost, land	0
Initial cost, building & improvements	0
Costs capitalized subsequent to acquisition/development, land	0
Costs capitalized subsequent to acquisition/development, buildings and improvements	0
Gross carry amount close of period, land	0
Gross carry amount close of period, building and improvements	0
Gross carry amount close of period, total	0
Accumulated depreciation	$ 0

Schedule III - Consolidated R_3

Schedule III - Consolidated Real Estate and Accumulated Depreciation - Changes in Investment Properties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance, beginning of year	$ 3,633,376	$ 3,949,431	$ 3,988,819
Acquisitions	57,494	0	0
Improvements	52,713	68,349	78,947
Impairment	(56,948)	(73,198)	(10,897)
Disposals	(607,019)	(311,206)	(107,438)
Balance, end of year	3,079,616	$ 3,633,376	$ 3,949,431
Federal income tax basis	$ 2,300,000

Schedule III - Consolidated R_4

Schedule III - Consolidated Real Estate and Accumulated Depreciation - Reconciliation of Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance, beginning of year	$ 695,012	$ 660,276	$ 556,851
Depreciation expense	117,216	132,662	148,346
Impairment	(19,226)	(2,838)	(3,494)
Disposals	(131,456)	(95,088)	(41,427)
Balance, end of year	$ 661,546	$ 695,012	$ 660,276
Building | Minimum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Life used for depreciation	20 years
Building | Maximum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Life used for depreciation	35 years
Building Improvements | Minimum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Life used for depreciation	10 years
Building Improvements | Maximum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Life used for depreciation	35 years
Furniture and Fixtures | Minimum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Life used for depreciation	5 years
Furniture and Fixtures | Maximum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Life used for depreciation	10 years