- CEO
- Mark E. Zalatoris CPA
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Address
- 2901 Butterfield Road Oak Brook IL United States of America 60523
- IPO Date
- Nov 14, 2016
- Business
- Inland Real Estate Income Trust, Inc. (INRE) operates as a non-listed real estate investment trust (REIT) sponsored by Inland Real Estate Investment Corporation that acquires and manages a portfolio of commercial real estate investments throughout the United States, with a primary focus on grocery-anchored retail properties including multi-tenant necessity-based shopping centers; the portfolio also encompasses potential investments in office and medical office buildings, multi-family properties, industrial/distribution and warehouse facilities, real estate-related equity securities of public and private companies, and commercial mortgage-backed securities. As of September 30, 2025, the company owns 52 retail properties totaling 7.2 million square feet across 24 states, achieving economic occupancy of 91.6% and physical occupancy of 91.3%, with top tenants such as The Kroger Co. (4.3% of annualized base rent, BBB-rated), The TJX Companies, Inc. (3.4%, A-rated), Ross Dress for Less, Inc. (2.5%, BBB+-rated), Ulta Salon, Cosmetics & Fragrance Inc. (2.2%), and Amazon/Whole Foods Market Group, Inc. (2.0%, AA-rated); representative properties include Newington Fair, Wedgewood Commons, Park Avenue, North Hills Square, Mansfield Shopping Center, MidTowne Shopping Center, Settlers Ridge, Pick N Save Center, Wilson Marketplace, and Regal Court. Formed on August 24, 2011 and headquartered in Oak Brook, Illinois, the company targets major regional markets and growing secondary markets, generating revenue primarily from long-term operating leases while pursuing investment objectives of capital preservation, sustainable distributions (annualized at 2.8% for Q3 2025 based on prior NAV, with $14.7 million paid YTD), and capital appreciation through asset sales or liquidity events. In September 2024, the board initiated a formal review of strategic alternatives, including a potential sale of the company, engaging a financial advisor while suspending the Distribution Reinvestment Plan and Share Repurchase Program; subsequent shareholder activity includes acquisitions of additional stakes by Comrit Investments 1 LP (0.43% for $1.9 million in December 2024 following a prior 3.6% term sheet), and the 2025 Annual Meeting of Stockholders reconvened on December 17, 2025 ahead of an updated NAV estimate as of September 30, 2025, alongside a proposed amendment to the Real Estate Management Agreement to facilitate termination upon a liquidity event. Total assets stand at $1.26 billion with debt to assets at 66.2%, and debt maturities include $92.7 million in 2025, $162.7 million in 2026, and $575.0 million in 2027.