Inland Real Estate Corporation, a real estate investment trust (REIT), acquires, owns, operates, and develops open-air neighborhood, community, power and lifestyle shopping centers and single-tenant retail properties located primarily in demographically strong upper Midwest markets. The company’s approximately 60 percent of gross leasable area (GLA) is located in the Chicago Metropolitan Statistical Area (MSA), with its second largest market concentration being in the Minneapolis-St. Paul MSA. The company’s retail properties primarily provide ‘everyday’ goods and services to consumers, with 45 percent of the portfolio anchored by grocery stores. The company, as of December 31, 2007, owned interests in 152 investment properties, including those owned through its unconsolidated joint ventures, comprised of: 70 neighborhood retail centers totaling approximately 4,397,000 gross leasable square feet; 20 community centers totaling approximately 3,007,000 gross leasable square feet; 28 power centers totaling approximately 4,622,000 gross leasable square feet; One lifestyle center totaling approximately 562,000 gross leasable square feet; and 33 single-user properties totaling approximately 2,139,000 gross leasable square feet. REIT Tax Status The company has elected to be taxed as a REIT under the Internal Revenue Code and would not be subject to federal income tax to the extent it distributes at least 90% of its REIT taxable income to stockholders. History Inland Real Estate Corporation was formed in 1994.
inland real estate corp
(IRC:New York Consolidated)
2901 Butterfield Road
Oak Brook, IL 60523
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To contact INLAND REAL ESTATE CORP, please visit www.inlandrealestate.com. Company data is provided by Capital IQ. Please use this form to report any data issues.