We are thrilled to have made AHF’s Top 10 Affordable Housing Developers of 2020! It’s takes our whole team working together to make this happen!

Our 2020 Rankings:

 

Don’t miss this great profile of the company from Affordable Housing Finance! Our name may have changed, but the way we do business has not! Innovation, resilience and focus are who we are!

Kittle Property Group has completed the entitlement and closing process for Spire Apartments in Charlotte, NC! We closed on the land for this community in December, and this additional work since December has allowed us to close with our capital partner, Protective Life Insurance Company. Spire is our first property in North Carolina.

The community sits on a 17-acre parcel of ground that is located in the red-hot University City submarket of Charlotte, North Carolina, where we will be delivering 288 apartment homes targeting the workforce in the area. The community will encompass a number of 1, 2 and 3 bedroom apartments featuring high-end finishes such as stainless steel appliances, granite counter tops, wood flooring and a luxurious club house surrounded by a tranquil wooded setting. Community amenities include a business center, fitness facility, picturesque pool with outdoor grills, hammock garden, pet spa and park.

Our construction team is ready to start building immediately! I look forward to watching it progress over the coming months!

Kittle Property Group, Inc. is pleased to announce the grand opening of the Flats at Sundown Apartments, a new $45 million apartment community located in North Port, Florida. This 224-unit development offers one-, two-, and three-bedroom floorplans to provide work force housing to a growing area that is in need of additional housing stock. All apartment homes will be available for lease by the summer of 2021.

The Flats at Sundown is located in the heart of North Port at 1280 Sun Market Place, near the intersection of Price Boulevard and Toledo Blade Boulevard. This desirable location offers convenient access to Interstate 95, the Gasparilla Sound, several retail centers, as well as being just 10 miles from the new Atlanta Brave spring training facility, Cool Today Park, and Port Charlotte Beach Park.

“We are very excited to bring a beautiful new housing opportunity to the residents of Sarasota County,” said Jeffrey Kittle, President & CEO of Kittle Property Group. “We know the area is growing and that additional housing choices are needed to serve those living and working in the area. We look forward to exceeding the needs and wants of our future residents!”

This community will have eight-buildings with several floor plan options ranging in size from 719 to 1236 sq.ft. Each feature-rich apartment home will include high-end finishes such as a full-size washer and dryer, faux wood plank flooring and carpeting in bedrooms and living room, black appliances, high-end counter tops, 9-foot ceilings with fans, arched doorways and a patio or balcony. Community amenities include a luxurious clubhouse with a resort-style swimming pool with wading area, a fitness facility, an entertainment area with Wi-Fi access, playground, and a grilling/picnic area. The Flats at Sundown is a pet-friendly community and will have a paw spa and a bark park for our furry residents.

This Flats at Sundown is the first development in the Southwest Florida market for Kittle Property Group. Construction began on the property in 2019 with several units move-in ready in late 2020. The entire eight-building complex will be ready to lease by summer and the team at The Flats at Sundown is currently scheduling tours. For more information on leasing or to schedule a tour you can visit the Flats at Sundown website or call (855) 201-8420.

Kittle Property Group, Inc. is proud to be part of the National Multifamily Housing Council’s (NMHC) Top 50 list for 2021. Though 2020 was a difficult year for everyone on both a personal and professional level, our team emphasized our “3C Values” of community, commitment, and culture. We continue to work in our traditional markets throughout the Midwest, but much of our growth is coming from our commitment to expand into the Southeast and Southwest over the last few years.

KPG has long recognized the value of vertical integration by combining development, design, construction, and operations under one umbrella – a priority that is supported by our ranking in the Top 25 of both Developers (#21) and Builders (#24) in NMHC’s 2021 rankings. We had a record breaking year in our construction book of business, and we are well positioned as the demand for multi-family housing continues to accelerate through 2021.

2020 saw us work through a variety of challenges, including new worker safety issues due to the pandemic, rising construction costs, the shut-downs, new guidelines that differed across all of our locations, many of our residents losing their income source, our team members juggling school closures and so much more. We are inspired by their tenacity and creativity in pushing through these rapidly changing conditions. We could not have achieved these successes without our people- their collaborative team effort is what put, and will keep, us on this list!

We are very excited to share that Todd Sears will be stepping into a new role as Executive Vice President of Research, Policy & Strategy with Kittle Property Group! Over his 15 years with the company, Todd has held numerous leadership positions including Executive Vice President of Portfolio Management & Analysis, Executive Vice President working with Property Management and Design, Chief Financial Officer and Director of Finance.

In this new role, Todd will work closely with Senior Management team to lead the company, delivering research and strategy that will help improve efficiencies, increase effectiveness and profitability, and further position Kittle Property Group as a national industry leader.

Todd’s financial and research acumen, combined with his industry expertise, have helped build Kittle Property Group into the progressive, award-winning company we are today, while his commitment to our “3 Cs” – Culture, Community and Commitment – is second to none.

Congratulations, Todd! We can think of no one who is a better fit for this role as we evolve for the future, while staying true to the mission that has shaped our success.

Effective, Jan. 1, 2021, Herman & Kittle Properties, Inc. will become Kittle Property Group, Inc. The company has also moved its corporate headquarters, purchasing a new, larger office building adjacent to its previous location in the Parkwood Crossing Office Park on the north side of Indianapolis.

Kittle Property Group, is a national leader in developing, constructing, and managing over 20,000 quality, affordable and market-rate multi-family apartment homes with invested capital of more than $2.5 billion.  Kittle Property Group currently owns and manages over 18,000 apartment homes in 19 states, providing homes to more than 30,000 family members.

The name change is a natural evolution for the company, following the recently completed ownership transition to Jeffrey L. Kittle from Thomas E. Herman, following Herman’s retirement. Jeffrey Kittle will maintain sole ownership of the company.

“Over the years, we have assembled an exemplary leadership team with more than 200 years of combined experience. Together with this leadership team, our valued team members, and business partners, I look forward to continuing Herman & Kittle Properties’ longstanding legacy and strong reputation,” said Jeffrey Kittle, President & CEO of Kittle Property Group. “While it is important to evolve for the future, it is also important to remain faithful to the mission, vision and values that have shaped our success and allowed us to serve as a catalyst to local economies by sustaining families, neighborhoods and businesses.”

Kittle Property Group has purchased and relocated to a new, expanded office building on the north side of Indianapolis at 310 E. 96th St., Suite 400. The new location offers more efficient work areas and expanded office space to accommodate both team members who work in the office, as well as those who are primarily in the field.

“Starting 2021 in our new, expanded corporate headquarters represents an exciting new chapter of growth for us as a company. Despite global economic challenges, the multi-family residential real estate market remains resilient, and the long-term outlook for the affordable and market rate segment is healthy,” said Kittle. “The timing is right for Kittle Property Group to position itself for continued strength, growth and success with more than $400 million in closed development in 2020.”

We are so proud to have made AHF’s Top 10 Affordable Housing Developers of 2019! It’s takes our whole team working together to make this happen!

Our 2019 Rankings:

  • 6th Largest Affordable Housing Developer
  • 11th Largest Affordable Housing Owner

You can read the article in Affordable Housing Finance here.

As we begin to find our new “normal” during the COVID-19 pandemic, the importance of being able to afford your home has never been clearer. Herman & Kittle Properties, Inc. (HKP) is very proud of our essential work to provide affordable apartment homes in 17 states. To further our work, we will be adding 210 brand new apartment homes for those age 55 and over to the Indianapolis rental market. The Reserve at White River will help fill a gap in affordable housing for area seniors, allowing them to stay in the city they love while still being able to afford their home and other necessities.

The Reserve at White will consist of 2 large, elevator-served residential buildings and 14 cottage-style buildings with 4 apartment homes each. The community was awarded a just over $13 million in tax credits over a 10 year period from the Indiana Housing & Community Development Authority (IHCDA). In addition, KeyBank will be participating in the development as the equity provider, as well as both the construction and perm loan lender.

The property’s 210 units will serve households between 50 and 60% of area median incomes (AMI), and 9 units will be market-rate apartment homes with no income restrictions. The community will have a leasing office/clubhouse with a business center, equipped fitness center, community room, walking path, picnic area and a bark park.

This is our first closing during the COVID-19 pandemic and are very thankful for the persistence and determination of our team members and partners. Many video calls were made and creative solutions applied, but together we were able bring an essential resource to the Indianapolis community!

We are so proud to have made AHF’s Top 10 Affordable Housing Developers of 2019!

Our 2019 Rankings: