Episode 40
In this episode of the Matthews Mentality Podcast, hosted live from the ICSC conference in New York City, industry veteran John Kite shares his journey from humble beginnings to becoming the Chairman and CEO of Kite Realty Group. John discusses the importance of having a supportive team, his background in construction and finance, and the growth trajectory of Kite Realty Group, which now boasts 179 operating properties and an enterprise value of $8.7 billion. Learn about the challenges faced during the Global Financial Crisis and COVID-19, as well as the company's resilience and strategic moves, including a major M&A deal with Inland Diversified. Throughout this engaging conversation, John provides insights into the retail real estate sector's resurgence and the driving factors behind its renewed interest. Don't miss this insightful episode about leadership, teamwork, and the competitive spirit needed to succeed in the real estate industry.
Show Notes:
00:00 The Importance of Support in Achieving Success
00:33 Introduction
00:50 John Kite's Background and Career
02:16 The State of Retail Real Estate
05:15 John Kite's Personal Story
08:14 Early Career and Family Influence
10:44 College Years and Early Career
17:21 Transition to Kite Realty
26:41 Reflecting on the Journey
27:09 Key Hires and Team Building
29:37 Going Public: The Decision and Impact
32:56 Surviving the Great Financial Crisis
37:23 The Inland Deal and Rebirth
38:52 Navigating the COVID-19 Pandemic
43:17 Current Success and Future Plans
46:16 Personal Reflections and Legacy
