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Inland Spends $175M in Ongoing Expansion


Inland Real Estate Income Trust announced yesterday it bought four retail properties and the remaining parcel of a previously purchased retail center for a total of $174.9M. The properties total over 846k SF and continue Inland's ongoing expansion into secondary and tertiary markets. One of the properties Inland bought is Yorkville Marketplace (shown), which it bought from Tucker Development. Last month, Inland announced it bought 11 multi-tenant retail centers in nine states for $217.5M. Inland's portfolio now includes 46 properties in 19 states with over 4.5M SF in space.