PRESS ROOMNEWS RELEASE

main-content

Inland Real Estate Income Trust, Inc. Declares NAV Per Share

Nicole Spreck

Inland Communications

(630) 218-8000 Ext. 4896
nicole.spreck@inlandgroup.com

March 05, 2020

Oak Brook, Ill. – Inland Real Estate Income Trust, Inc. (“Inland Income Trust” or “the Company”), a publicly registered, non-traded real estate investment trust, announced today that its Board of Directors (“the Board”) determined an estimated per share net asset value (“NAV”) of $18.15 as of December 31, 2019.1 CBRE Capital Advisors, Inc. was engaged by Inland Income Trust to conduct the valuation analysis, which complied with industry guidelines, and determined an estimated per share NAV range of $17.88 to $20.00 per share.

“Our portfolio continues to perform well, including maintaining above average economic occupancy of 94.4% as of December 31, 2019.  During 2019, the portfolio also had a favorable 81% lease retention based on square footage, which includes an 86% anchor tenant lease retention, and new and renewal leases were executed, respectively, at 16.6% and 3.6% higher rental rates per square foot than the comparable expiring leases. In the face of a challenging environment for the retail real estate industry, the Company’s total return2 for the three-year period ended December 31, 2019 was -1.9%,” said Mitchell Sabshon, president and CEO of the Company. In determining the NAV, the Board took into account that retail real estate continues to experience volatility as a result of, among other things, shifting consumer preferences and Internet competition.  “The turbulence in the current retail real estate market is pervasive,” added Mr. Sabshon, noting that the FTSE NAREIT Shopping Center Index, an index that tracks the performance of the publicly-listed U.S. shopping center REIT industry, experienced a total return of -5.31% for the three-year period ended December 31, 2019.

As previously announced, the Company’s strategic plan centers around owning a portfolio of grocery-anchored properties in strong secondary and tertiary markets with lower exposure to big-box retailers, as well as redevelopment of select centers within the existing portfolio. During 2019, the Company sold twelve Dollar General stores and completed two redevelopment projects and has a third underway. Inland Income Trust currently owns 44 retail properties in 21 states, totaling approximately 6.5 million square feet occupied by 715 tenants.

1 Please see the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on March 5, 2020 for a complete discussion of the methodologies, assumptions and limitations used to determine the estimated per share NAV.
2 Total return is calculated as follows: (End of Period NAV- Beginning of Period NAV+ Distributions) / Beginning of Period NAV.

 

About Inland Real Estate Income Trust, Inc.
Inland Real Estate Income Trust, Inc. was formed to acquire, directly or indirectly, a portfolio of commercial real estate located throughout the United States with a focus specifically on grocery-anchored retail assets. Inland Real Estate Income Trust, Inc. was sponsored by Inland Real Estate Investment Corporation. For more information, please visit www.inland-investments.com
 

This press release contains "forward-looking statements" made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The statements may be identified by terminology such as "may", “can”, "would", “will”, "expect", "intend", "estimate", "anticipate", "plan", "seek", "appear", or "believe". Such statements reflect the current view of Inland Real Estate Income Trust, Inc. with respect to future events and are subject to certain risks, uncertainties and assumptions related to certain factors including, without limitation, the uncertainties related to the acquisition of any property, general economic conditions, unforeseen events affecting the real estate industry or particular markets, and other factors detailed under Risk Factors in our most recent Form 10-K as of December 31, 2018 filed on March 20, 2019 and subsequent Form 10-Qs and Form 8-Ks on file with the Securities and Exchange Commission.

Although Inland Real Estate Income Trust, Inc. believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. You should exercise caution when considering forward-looking statements and not place undue reliance on them. Based upon changing conditions, should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Except as required by federal securities laws, Inland Real Estate Income Trust, Inc. undertakes no obligation to publicly update or revise any written or oral forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason after the date of this press release. All subsequent written and oral forward-looking statements attributable to Inland Real Estate Income Trust, Inc. or persons acting on its behalf are expressly qualified in their entirety by the applicable cautionary statements.

 

 

Other news releases

Oak Brook, Ill. – InPoint Commercial Real Estate Income, Inc. (“InPoint” or the “Company”), a commercial mortgage real...
Oak Brook, Ill. – The Inland Real Estate Group of Companies, Inc. (“Inland”), one of the nation’s largest commercial real estate and...
Oak Brook, Ill – Inland National Development Company, LLC (“INDC”) is pleased to announce Tampa’s newest luxury multifamily community, The...
Oak Brook, Ill – Inland National Development Company, LLC (“INDC”) and co-developer, Cambridge Development Group, Inc., are pleased to...
Oak Brook, Ill. – InPoint Commercial Real Estate Income, Inc. (“InPoint” or “the Company”), a commercial mortgage real...
Oak Brook, Ill. – Inland Securities Corporation (“Inland Securities”), the exclusive dealer-manager and placement agent for...
Oak Brook, Ill. – Inland Mortgage Capital, LLC (“IMC”), a private lender specializing in intermediate-term mortgages for...
Oak Brook, Ill. – Inland Real Estate Commercial Brokerage, Inc. (“Inland Commercial Brokerage”) announced today its final...
Oak Brook, Ill. – A Joint Venture between an institutional co-mingled fund sponsored by Inland Institutional Capital, LLC...
Oak Brook, Ill. - Inland Property Management LLC, a full-service property management firm, announces the signing of two leases...
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”) today announced the sale of two multifamily properties located in Colorado, for...
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”) today announced that its first private placement offering by a “qualified...
Oak Brook, Illinois –  Inland Bancorp, Inc. (“Inland”), the holding company for Inland Bank and Trust, announced today the American...
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”) today announced the $9 million sale of its leasehold interest in a...
OAK BROOK, Ill. – Inland Securities Corporation (“Inland Securities”), the exclusive dealer-manager and placement agent for...
Oak Brook, Ill – Inland National Development Company, LLC (INDC) is developing a 100-unit, transit-oriented multifamily...
Oak Brook, Ill. - Inland Property Management LLC (“Inland” or “the Company”), a full-service property management firm...
Oak Brook, Ill. – Inland Securities Corporation (“Inland Securities”), the exclusive dealer-manager and placement agent for real estate...
Oak Brook, Ill – Inland National Development Company, LLC (“INDC”) and its co-developer, Cambridge Development Group, Inc....
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”) today announced the $31.35 million sale of Amberwood at Lochmere, a 206-unit...
Oak Brook, Ill. – Inland Real Estate Commercial Brokerage, Inc. (“Inland Commercial Brokerage”) announced today the sale and closing of a...
Oak Brook, Ill. – InPoint Commercial Real Estate Income, Inc. (“InPoint” or “the Company”), a commercial mortgage real...
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”) today announced the $99.3 million sale of a 377,332-square-foot...
Oak Brook, Ill. – Inland Private Capital Corporation ("IPC") is pleased to announce a new strategic relationship with the Spectrum Retirement...
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”) today announced the $53.5 million sale of a 145,020-square-foot Life Time...
Oak Brook, Ill. – Inland Residential Properties Trust, Inc. (“Inland Residential” or “the REIT”), a non-listed real estate investment...
Oak Brook, Ill. – Inland National Development Company, LLC (“INDC”) is pleased to announce the recently completed purchase of a one acre site...
Oak Brook, Ill. – Inland Real Estate Investment Corporation (“Inland Investments”), one of the nation’s largest sponsors of alternative...
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”) today announced the $15.24 million sale of Kimball Station, a 59-unit apartment...
Oak Brook, Ill. – Inland National Development Company, LLC (“INDC”) is pleased to announce it has completed approximately 70 percent of a...
Oak Brook, Ill. – InPoint Commercial Real Estate Income, Inc. (“InPoint” or “the Company”), a commercial mortgage real estate investment...
Oak Brook, Ill. – Inland Real Estate Commercial Brokerage, Inc. (“Inland Commercial Brokerage”) announced today the sale and...
Oak Brook, Ill. – Inland Mortgage Capital, LLC (“Inland Mortgage Capital”), a private lender specializing in...
Oak Brook, Ill. – Inland Mortgage Capital, LLC (“IMC”), a private lender specializing in intermediate-term mortgages for value-add commercial...
Oak Brook, Ill. – The Inland Real Estate Group, LLC (“Inland”) announced today that its IT department has received Realcomm’s Commercial...
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”) today announced the sale of the Hurstbourne Estates Apartments, a 270-unit...
Oak Brook, Ill. – Inland Venture Partners, LLC (“Inland Venture Partners”), a sponsor of closed-end, specified-asset,...
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”) today announced the sale of a portfolio of three upscale multifamily properties...
Oak Brook, Ill. – Inland Real Estate Investment Corporation (“Inland Investments”), one of the nation’s largest sponsors of alternative...
Oak Brook, Ill. – InPoint Commercial Real Estate Income, Inc. (“InPoint”), a commercial mortgage real estate investment trust advised by an...
Oak Brook, Ill. – Inland Residential Properties Trust, Inc. (“Inland Residential” or “the REIT”), a non-listed real...
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”) today announced the sale of two multifamily properties, Ascent Uptown and...
Oak Brook, Ill. – Inland Real Estate Income Trust, Inc. (“Inland Income Trust” or “the Company”), a publicly registered, non-traded real...
Oak Brook, Ill. – Inland Real Estate Income Trust, Inc. (“Inland Income Trust” or “the REIT”), a publicly registered,...
Oak Brook, Ill. – Inland Real Estate Commercial Brokerage, Inc. (“Inland Commercial Brokerage”) announced today that it was named the...
Oak Brook, Ill. - Inland Property Management LLC (“the Company”), a full-service property management firm specializing in the management of...
Oak Brook, Ill. – On December 18, 2018, stockholders of Inland Residential Properties Trust, Inc. (“Inland Residential” or the “REIT”), a...
Oak Brook, Ill. – Inland Real Estate Investment Corporation (“Inland Investments”), one of the nation’s largest sponsors of alternative...
Oak Brook, Ill. – Inland Real Estate Commercial Brokerage, Inc. (“Inland Commercial Brokerage”) announced today the sale and closing of a...
Oak Brook, Ill. – InPoint Commercial Real Estate Income, Inc. (“InPoint”), a commercial mortgage real estate investment trust sponsored by...
Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of a portfolio of eight medical...
Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC (“Inland Acquisitions”) announced today that it negotiated and closed...
Oak Brook, Ill. – InPoint Commercial Real Estate Income, Inc. (“InPoint”), a commercial mortgage real estate investment trust sponsored by...
Oak Brook, Ill. – Inland Real Estate Commercial Brokerage, Inc. (“Inland Commercial Brokerage”) announced today the sale and closing of an...
Oak Brook, Ill. – Inland Real Estate Commercial Brokerage, Inc. (“Inland Commercial Brokerage”), a boutique brokerage firm providing sales,...
Oak Brook, Ill. – Inland Residential Real Estate Services LLC (“Inland Residential” or “the Company”), a full-service...
Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of Laurel Oaks Apartments, a...
Oak Brook, Ill. – InPoint Commercial Real Estate Income, Inc. (“InPoint”), a commercial mortgage real estate investment trust sponsored by...
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”) today announced the sale of a Mariano’s Fresh Market in Arlington Heights,...
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”) today announced the sale of four freestanding medical office properties located...
Oak Brook, Ill. – InPoint Commercial Real Estate Income, Inc. (“InPoint”), a commercial mortgage real estate investment...
Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of two Swagel...
Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC (“Inland Acquisitions”) announced today that it negotiated and closed the purchase of...
Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of the Banner...
Oak Brook, Ill. – The Inland Real Estate Group, LLC (“Inland”) announced today that its IT department has received Realcomm’s Commercial...
Oak Brook, Ill. – Daniel L. Goodwin, chairman and CEO of The Inland Real Estate Group of Companies, Inc., has been named the...
Oak Brook, Ill. – Inland Mortgage Capital, LLC (“Inland Mortgage Capital”), a private lender specializing in intermediate-term mortgages for...
Oak Brook, Ill.  – Inland Real Estate Brokerage, Inc. (“Inland Brokerage” or “the Company”) today announced that...
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”) today announced the sale of the Retreat at Orlando, an 894-bed...
Oak Brook, Ill. – InPoint Commercial Real Estate Income, Inc. (“InPoint”), a commercial mortgage real estate investment trust (“REIT”)...
Oak Brook, Ill. – InPoint Commercial Real Estate Income, Inc. (“InPoint”), a commercial mortgage real estate investment...
Oak Brook, Ill. – Inland Real Estate Commercial Brokerage, Inc. (“Inland Commercial Brokerage”), a boutique brokerage firm providing sales,...
Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC (“Inland Acquisitions”) announced today that Joe Cosenza, a vice...
Oak Brook, Ill. – Inland Real Estate Commercial Brokerage, Inc. (“Inland Commercial Brokerage”) announced today the estate sale of 135 acres...
Oak Brook, Ill. – InPoint Commercial Real Estate Income, Inc. (“InPoint”), a commercial mortgage real estate investment...
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”) today announced that Keith Lampi, president and chief operating officer, was...
Oak Brook, Ill. – Inland Mortgage Capital, LLC (“IMC”), a private lender specializing in intermediate-term mortgages for value-add commercial...
OAK BROOK, Ill. – Inland Securities Corporation (“Inland Securities”), the exclusive dealer-manager and placement agent for real estate...
Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of eight multifamily properties...
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”) today announced the sale of the 230-unit Lakeshore Pearl Apartments located in...
Oak Brook, Ill. – InPoint Commercial Real Estate Income, Inc. (“InPoint” or the “Company”), a commercial mortgage real estate investment...
Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of Ashford...
Oak Brook, Ill. – Inland Residential Properties Trust, Inc. (“Inland Residential” or the “Company”), a non-listed real estate investment...
Oak Brook, Ill. – Inland National Development Company, LLC (“INDC” or “the Company”), a developer of residential, multifamily,...
Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC announced today that it was responsible for the purchase of 87 properties...
Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of a...
Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of the Surgical Hospital of...
Oak Brook, Ill. – The Inland Real Estate Group of Companies, Inc. (“Inland”), one of the nation’s largest commercial real estate and...
Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of Après Apartments, a...
Oak Brook, Ill. – The Inland Real Estate Group, LLC (“Inland”) announced today that Tracy Le, CMI has been promoted to President of Inland...
Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of Union West Apartments, a...
Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of Avalon Huntington, a 99-unit...
Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of a...
Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC, announced today that it negotiated and closed the purchase of four...
Oak Brook, Ill. – InPoint Commercial Real Estate Income, Inc. (“InPoint”), a commercial mortgage real estate investment...
Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC announced today that it negotiated and closed the purchase of the...
Oak Brook, Ill. – InPoint Commercial Real Estate Income, Inc. (“InPoint”), a commercial mortgage...
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”) today announced the sale of a Mariano’s Fresh Market in Palatine, Illinois,...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it negotiated and closed the purchase of Alta...
Oak Brook, Ill. – The Inland Real Estate Group of Companies, Inc. (“Inland”) announced today that it has been named the recipient of the...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of...
Oak Brook, Ill. – Inland Mortgage Capital, LLC (“Inland Mortgage Capital”) announced it closed on a $7.5 million...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of 8000...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of...
Oak Brook, Ill. – InPoint Commercial Real Estate Income, Inc. (“InPoint”), a commercial mortgage real estate investment trust sub-advised by...
Oak Brook, Ill. – Inland Private Capital Corporation ("IPC") and Metro Storage LLC ("Metro") are pleased to announce that since February of 2016,...
Oak Brook, Ill. – Inland Mortgage Capital, LLC (“Inland Mortgage Capital”), a private lender specializing in...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisition of two Starling Physicians, P.C....
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisition of a Fresenius...
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”) today announced that Joe Binder, senior vice president of acquisition structure...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of Magnolia Village...
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”) today announced the sale of two multifamily properties located in Texas for a...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of Black Feather...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of The Verandas at...
Oak Brook, Ill. – Inland Residential Properties Trust, Inc. (“Inland Residential Trust”), a non-listed real estate investment trust sponsored...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of two US Pain &...
Oak Brook, Ill.  – Inland Real Estate Brokerage, Inc. (“Inland Brokerage” or “the Company”) today announced that...
Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of the Kleiman | Evangelista Eye Center, a...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of Denton Village, a...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisition of 49 newly...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of...
Oak Brook, Ill. – Inland Mortgage Capital, LLC (“Inland Mortgage Capital” or “the Company”), a private lender specializing in...
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”) today announced the sale of Lost Creek Resorts at Lakewood...
Oak Brook, Ill. – Inland Institutional Capital, LLC announced today that an institutional fund that it advises has acquired Lower Makefield...
Oak Brook, Ill. – Inland Mortgage Capital, LLC (“Inland Mortgage Capital”), a private lender specializing in intermediate-term mortgages for...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of The...
Oak Brook, Ill. – Inland Securities Corporation (“Inland Securities”), the exclusive dealer-manager and placement agent for real estate...
Oak Brook, Ill. – Inland Real Estate Income Trust, Inc. (“Inland Income Trust”) announced today the acquisition of the 199,335-square-foot...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of...
Oak Brook, Ill. – The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and...
Oak Brook, Ill. – Inland Securities Corporation (“Inland Securities”), the exclusive dealer-manager and placement agent for real estate...
Oak Brook, Ill. – Inland Securities Corporation (“Inland Securities”), the exclusive dealer-manager and placement agent for...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisitions of four medical...
Oak Brook, Ill. – Inland Securities Corporation (“Inland Securities”), the exclusive dealer-manager and placement agent for...
Oak Brook, Ill. – Inland Securities Corporation (“Inland Securities”), the exclusive dealer-manager and placement agent for real estate...
Oak Brook, Ill. – Inland Real Estate Brokerage & Consulting, Inc. (“Inland Brokerage & Consulting”) announced today...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisition of The Radiology...
Oak Brook, Ill. – Inland Real Estate Investment Corporation (“Inland Investments”), one of the nation’s largest sponsors of...