THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Kite Realty Group Trust (KRG)

4/4/2006 Proxy Information

Alvin E. Kite, Jr. is John A. Kite’s father.

Acquisition of Tarpon Springs Plaza Development Property

On March 31, 2005, our operating partnership entered into a contribution agreement with Brentwood Holdings, LLC, and Al Kite, John Kite, Tom McGowan and Paul Kite (son of Al Kite and brother of John Kite), whom we refer to as the Principals, pursuant to which the operating partnership acquired a 100% interest in Tarpon Springs Plaza, a 15-acre development site located at the southeast corner of I-75 and Immokalee Road in Naples, Florida. In August 2004, in connection with our initial public offering, the operating partnership had entered into an option agreement granting the operating partnership the right to purchase the Principals’ interest in the Tarpon Springs Plaza development property. We elected to accelerate the acquisition of the property prior to stabilization when the entitlement process began.

Pursuant to the contribution agreement, the operating partnership acquired the Principals’ 100% interest in the development property by acquiring 100% of the membership interests in the entity that owns the development property. The aggregate purchase price was approximately $7.2 million, which includes the assumption and repayment of indebtedness. A portion of the purchase price, approximately $3.1 million, equaled the Principals’ cost in the project with no profit, and was paid through the issuance of 214,049 units of limited partnership interest in the operating partnership to Brentwood Holdings, LLC (which is owned by Al Kite (30%), John Kite (25%), Paul Kite (25%) and Tom McGowan (20%)). In addition, the operating partnership assumed approximately $220,000 in accounts payable and repaid another approximately $3.9 million in existing indebtedness on the development property. The transaction was approved by the independent members of our Board of Trustees.

In addition, in connection with the Tarpon Springs Plaza property acquisition, we agreed to provide Brentwood Holdings LLC and the Principals with registration rights as to the common shares issuable upon redemption of the units of limited partnership interest issued to Brentwood Holdings, LLC in the acquisition transaction.

Contracts with Kite, Inc.

Kite, Inc. which provides interior construction services, is owned by Al Kite, John Kite, and Paul Kite. We entered into certain agreements with Kite, Inc. in connection with our initial public offering, as described below.

Service Contracts

Kite, Inc. currently is a party to five contracts that were assumed by us in connection with our initial public offering, with a total contract amount of approximately $2.1 million, relating to the properties contributed to us in connection with our formation transactions. The Company received services totaling $42,650 during 2005 and the amount payable to Kite, Inc. as of December 31, 2005 was $166,812.

Office Lease

Kite, Inc. leases office space from us at our headquarters at Thirty South and certain parking spaces at Union Station Parking Garage pursuant to a lease entered into in August 2004. The lease runs through September 2015 and provides for monthly rent payments of $7,057. We received approximately $84,684 in rent under this lease in 2005.

Contracts with KMI Management

KMI Management, in which Al Kite, John Kite, Paul Kite and Tom McGowan own direct or indirect interests, leases from us the conference center at our headquarters at Thirty South pursuant to a lease dated January 1, 2004 which we assumed in August 2004 in connection with our initial public offering and related formation transactions. The lease runs through December 2015 and provides for monthly rent payments of $13,977. The lease is terminable by the tenant on 30 days’ notice. We received approximately $167,724 in rent under this lease in 2005.

Paul Kite Consulting Agreement

In August 2004, we entered into a consulting agreement with Paul Kite pursuant to which he will continue to assist us in identifying real estate retail and commercial development, construction, acquisition and operation projects. Under this agreement, Paul Kite is paid an annual consulting fee of $150,000. During the term of the agreement, Paul Kite will present to us potential real estate projects that he identifies, and we will have the right to pursue any such project. If we decline or fail to pursue the project, Paul Kite will be permitted to pursue such project himself. The consulting agreement runs through December 31, 2007, although either party has the right to terminate the consulting agreement at any time upon 30 or 60 days’ notice in certain circumstances. Decisions regarding termination or amendment of the consulting agreement require the approval of a majority of the independent members of our Board of Trustees. Pursuant to this consulting agreement, we paid Paul Kite $150,000 in consulting fees in 2005.

Cost-Sharing and Other Agreements with Affiliates

In August 2004, we entered into a cost-sharing agreement with KMI Management, pursuant to which it reimburses us for the cost of administrative and other services we provide to KMI Management and we reimburse it for the cost of construction advisory, human resources and other services KMI provides to us. In 2005 KMI Management reimbursed us $42,331 and we reimbursed KMI Management $110,444 under this cost-sharing agreement. The cost-sharing agreement has a one-year term, but contains automatic one-year renewals unless either party elects not to renew the agreement. Decisions by us regarding termination or amendment of the cost-sharing agreement require the approval of a majority of the independent members of our Board of Trustees.

During 2005 the Company entered into fee-based construction management contracts for the build-out of condominiums in the Indianapolis Conrad Hotel totaling approximately $7.3 million with Circle Block Partners, LLC, an entity owned by Al Kite, John Kite, Paul Kite and Tom McGowan. During 2005, the Company entered into contracts with Kite, Inc. totaling approximately $388,000 to perform interior construction service in connection with these construction management contracts.

Circle Block Partners, LLC also leases space from us pursuant to two leases entered into in September and December 2004. The leases run through February and March 2006, respectively, and provide for total monthly rent payments of $9,471. We received approximately $113,647 in rent under these leases in 2005.