Inland Acquires $424M Portfolio from Joint Venture

Published Friday, March 05, 2010

Inland Real Estate Acquisitions Inc., the purchasing arm of the Inland Real Estate Group of Companies Inc., completed a $424 million acquisition of 16 shopping centers containing 3.5 million square feet, from a joint venture between TIAA-CREF and Developers Diversified Realty. The purchase was made on behalf of Inland American Real Estate Trust Inc., a public non-traded REIT with a diversified portfolio of commercial real estate assets. The CB Richard Ellis’s national retail investment group represented the seller. The portfolio included properties in Florida, Georgia, North Carolina, South Carolina and Virginia. The largest properties in the portfolio are ...

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