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Welcome to the Tar Heel State!!

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!

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New Apartments Fill Need For Housing In North Port Area

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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.

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NMHC’s Top Developer & Builder Lists

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!

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Effective Jan. 1, Herman & Kittle Properties, Inc. becomes Kittle Property Group, Inc.

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.”

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KPG is the 6th Largest Developer and 11th Largest Owner of Affordable Housing!

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.

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Indianapolis Seniors Will Have Greater Choices in Affordable Housing

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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!

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2019 Rankings

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

Our 2019 Rankings:

 

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Portfolio Growth in the Sunshine State!

Trillium at Sunlake is a 256 apartment home community located in Melbourne, Florida, approximately one hour southeast of Orlando. The development is comprised of six 3-story buildings and two 4-story (elevator operated) buildings, all situated on a 14.8 acre site. The project’s club house will offer a business center, fitness center, and lounge with amenities. Additionally, a luxurious pool, pergola, and playground will be centrally located on the property for residents to utilize.

This is our second new development in Florida and will be similar to our Flats at Sundown community that closed last year. Trillium at Sunlake will be financed with a construction / perm loan from Protective Life Insurance Company.

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Two New Texas Properties- One Will Serve Area Devastated By Harvey

By the end of 2019, HKP closed on 2 new properties in Texas- Laurel Vista and Magnolia Station! Adding these properties to our Texas portfolio brings us to 12 communities and 1,066 units in the Lone Star State! This gives us our second largest footprint, behind Indiana, of all the states we work in.

Magnolia Station Apartments is an affordable new construction development consisting of 5 residential buildings and a clubhouse to be located in Winnie, TX. The project was awarded a $6.25 million Community Development Block Grant to aid in rebuilding much-needed housing in the aftermath of Hurricane Harvey which impacted the area in 2017. In addition, Merchants Bank of Indiana is providing a $3.5 million revolving loan facility to finance construction draws.

The property’s 44 units will serve households at a range of area median incomes (AMIs) – 5 units will be affordable to households at 30% AMI; 27 units will serve High HOME-eligible households (approximately 60% AMI); and 12 units will be market-rate units with no income restrictions. The community will have a leasing office/clubhouse with a business center, equipped fitness center, community room, and playground.

We also closed Laurel Vista Apartments in Beaumont, Texas. This is a 9% project that will consist of 60 tax credit and 9 market rate units. The development will be new construction designed for seniors and consist of one 4-story building with an elevator. The building will contain 32 one bedroom and 37 two bedroom units. Planned amenities include a leasing office, a community/game room with a kitchen, an exercise room, a business/computer room, and a library. This will be HKP’s third new construction development in Beaumont, TX in the last 5 years.

The financing arrangement includes equity and a construction/bridge loan from one of our favorite partners – Regions Bank.

A lot of time and hard work goes into getting a deal across the finish line. Fortunately, we have dedicated team members and partners who believe in what they do. We are excited to bring these communities to the residents of Texas and further our mission of creating value through real estate!

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HKP Wins Scaling Up Award!

HKP recently won the inaugural Scaling Up Culture of the Year Award given by Scaling Up and Emplify!!!  The purpose of the award is to recognize those companies who have found a way to scale growing businesses while prioritizing their people and culture.

All applicants took Emplify’s proprietary 55-question engagement survey to set the data-driven baseline for each company. In order to move on as a finalist, each company had to have at least 50% participation. Finalists were chosen based on the top engagement scores, which represented a diverse group of industries. The finalists were then asked to submit an essay, highlighting how they tie their employee engagement initiatives to their greater business strategy. A panel of judges from both Scaling Up and Emplify reviewed the applications and ranked each applicant on the quality of their submission. Of the 20 applications, only four companies received the award!

When completing our application, we were asked to describe the actions we’ve taken to support an employee-focused culture. Our response included the following details:

  • Implementing a Paid FMLA Leave Program to increase employee morale and offer economic security to families during significant life events and give employees dealing with such events the peace of mind they are not in jeopardy of losing their jobs.
  • Encouraging managers to share team highlights in the President’s weekly email. This allows for quick recognition/feedback that will be seen by those at the highest levels.
  • We have also added a “Week in HKP Pictures” section to the President’s weekly email. We are hoping this will do a few things- put faces to names, show the fun we have at work, and encourage others to get creative with their work.
  • Our President makes every effort to visit each of our 150 locations (across 18 states) at least once a year. This allows him to meet our team members and speak with each of them, regardless of how far they are from Indianapolis.
  • We have invested in learning and development in different ways and at different levels. We have made great strides in communicating training opportunities, in increasing our offerings and in making sure we are offering the development that our team members need to do their work.

Anyone working on employee engagement will tell you that the work is always evolving and never complete- that’s makes the work both challenging and rewarding! We have accomplished a lot this year and it’s wonderful to have those efforts recognized by Emplify and Scaling Up!

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