REIT-White-City-Shopping-Center

February 20, 2019 Comments Off on Inland Income Trust Shifts Focus to Grocery-Anchored Centers Views: 1221 Midwest, National News

Inland Income Trust Shifts Focus to Grocery-Anchored Centers

Inland Real Estate Income Trust said recently its long-term strategic plan is to move toward a liquidity event, most likely through a listing on a public securities exchange. The plan centers around owning a portfolio of 100% grocery-anchored shopping centers with lower exposure to big-box retailers.

“As some forms of retail real estate are in transition, grocery-anchored neighborhood shopping centers continue to deliver solid performance,” said Mitchell Sabshon, president and CEO of Oak Brook, IL-based Inland Real Estate Investment Corporation, the nonlisted REIT’s sponsor. “We believe that an expanded grocery-anchored portfolio will allow us to drive operating performance and better position the REIT for a successful liquidity event.”

As part of this strategy, Inland Income Trust will consider selling certain non-core assets, with the goal of redeploying capital into strategically located grocery-anchored centers. It currently owns 59 retail properties in 24 states, totaling more than six million square feet.

Connect With Inland Income Trust

Subscribe to Connect Daily National

For comments, questions or concerns, please contact Paul Bubny

Tags: , ,

Comments are closed.

Send this to a friend