Inland Real Estate Income Trust has created a long-term strategic plan to move toward a liquidity event, most likely through a listing on a public securities exchange, in the next 24 months to 36 months or sooner, market conditions permitting. The strategic plan centers around owning a portfolio of 100 percent 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 Inland Real Estate Investment Corp. “Grocery-anchored centers have high levels of foot traffic and serve as a draw for smaller, necessity-based retailers. 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’s management team and board will
