News
ON THE UP AND UP
May 5, 2011
| Inland Real Estate rental rates, occupancy, and same-store NOI all trended positive during Q1, despite the loss of Borders. This shows underlying strength in the firm's portfolio, Inland CEO Mark Zaltoris says. | |||
 | |||
| Inland's JV with PGGM helped it acquire three new assets: a 90k SF Bed Bath & Beyond-anchored center in the South Loop, a 66k SF grocery-anchored property in Arlington Heights, and a 16-property portfolio of net-leased assets. Inland execs expect this will be a transitional year for retailers as some make an exit and others that were stagnant re-enter the market for new space. Inland will soon announce six new leases with a major discount fashion retailer throughout the Chicago area. With occupancy at 94%, the retail REIT expects to be able to raise rents as tenants turn over. | |||
