Inland Real Estate Income Trust, Inc. (OTCPK:INRE) agreed to acquire Grocery-anchored retail portfolio from a fund managed by Inland Institutional Capital, LLC for Approximately $280 million on May 05, 2022. The Company expects to fund the Purchase Price and any closing costs primarily by making a draw on its credit facility and with cash on hand. JLL represented the seller. The JLL Capital Markets team representing the seller was led by Managing Director Bill Moylan and Senior Managing Director and Co-Head of U.S. Retail Capital Markets Chris Angelone, along with Senior Managing Directors Barry Brown, James Galbally, Jim Hamilton and Geoff Tranchina and Managing Director Amy Sands. The transaction is anticipated to close on May 17, 2022.
Inland Real Estate Income Trust, Inc. (OTCPK:INRE) completed the acquisition of Grocery-anchored retail portfolio from a fund managed by Inland Institutional Capital, LLC. on May 17, 2022. The Company funded the acquisition of the Properties with $5,563,060 of cash on hand and from the additional term loans totaling $300,000,000.