Herman & Kittle Properties, Inc. announced that it will become Kittle Property Group, Inc. effective Jan. 1, 2021. The company also said it moved its corporate headquarters, purchasing a new, larger office building adjacent to its previous location on the north side of Indianapolis.
The company in an announcement called the change “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, the company said.
“Starting 2021 in our new, expanded corporate headquarters represents an exciting new chapter of growth for us as a company,” Kittle said. “Despite global economic challenges, the multifamily residential real estate market remains resilient, and the long-term outlook for the affordable and market rate segment is healthy. 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.”
