Kite Creates Reopening Program for Tenants
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowIndianapolis-based Kite Realty Group (NYSE: KRG) has launched a program to help a variety of its customers to navigate the reopening of business, including a $2.4 million loan program.
Kite says its Re-Opening Resources program is a series of initiatives to help guide tenants to a successful and safe reopening.
KRG has created its own small business loan program. Kite says the low-interest loan program is for its small-business tenants, providing up to three months of operating expenses.
“Throughout KRG’s portfolio, our tenants have worked hard to adapt to a very fluid environment,” said John Kite, Chairman and CEO of Kite Realty Group. “As re-openings continue, we are encouraged by the effort and ingenuity that businesses have displayed at all of our centers, and we will continue to seek creative opportunities to support our retailers.”
Some of Kite’s efforts include:
- Priority Pick-Up Parking Program/Designated Order Pick-Up parking zones
- Contactless Locker Systems: For customers to purchase online and pick up the items without the need of a clerk.
- Sidewalk queue signage
- Hand sanitizer bottles are being delivered to small-shop tenants for customer use
Kite tenants include retail, restaurants and the service industry.