Inland Real Estate Income Trust review strategic alternatives

Inland Real Estate Income Trust has announced that the board of directors has initiated a process to review strategic alternatives, including the sale of the company.

The company has been focused on a strategic plan that has centered around owning a portfolio of grocery-anchored properties with lower exposure to big-box retailers and the listing, among other things, of the company’s common stock on a national securities exchange. The company intends to engage a financial adviser to assist in the strategic review. There can be no assurance that the strategic review will result in a transaction. The company does not intend to discuss or disclose developments with respect to the process unless and until otherwise determined that further disclosure is appropriate or required by regulation or law. No formalized timetable has been established for completing the strategic review.

In connection with the strategic review, the company announced in a letter to its stockholders