Inland Real Estate Income Trust, Inc. Declares Estimated Quarterly Cash Distributions
March 21, 2018 at 01:12 pm EDT
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Inland Real Estate Income Trust, Inc. board of directors declared cash distributions payable to stockholders of record at the close of business on March 30, 2018, in an amount equal to $0.335 per share, which represents an annualized rate of 6% based on the estimated per share value.
Inland Real Estate Income Trust, Inc. is a real estate investment trust that acquires and manages a portfolio of commercial real estate investments located in the United States. The Company invests in joint ventures or acquires other real estate assets such as office and medical office buildings, multi-family properties and industrial/distribution and warehouse facilities. It is also focused on investing in real estate-related equity securities of both publicly traded and private real estate companies, as well as commercial mortgage-backed securities (CMBS). The Company's investment properties include Newington Fair, Wedgewood Commons, Park Avenue, North Hills Square, Mansfield Shopping Center, MidTowne Shopping Center, Settlers Ridge, Pick N Save Center, Wilson Marketplace, Regal Court, Pentucket Shopping Center, Blossom Valley Plaza, Branson Hills Plaza, Walgreens Plaza, and Fox Point Plaza. The Company owns approximately 52 retail properties, totaling 7.2 million square feet.