Inland Real Estate Income Trust, Inc. Purchases Green Tree Shopping Center in Katy, Texas

OAK BROOK, Ill.--()--Inland Real Estate Income Trust, Inc. (“Inland Income Trust”) announced today the acquisition of the 147,658-square-foot Green Tree Shopping Center in Katy, Texas. Sharon Anderson-Cox, senior vice president of Inland Real Estate Acquisitions, Inc., assisted Matthew Tice, vice president of Inland Real Estate Acquisitions, Inc., in the purchase of the property on behalf of Inland Income Trust.

Located at 231 South Fry Road, Green Tree Shopping Center is well-situated in a high-traffic residential and retail corridor, attracting residents within a one-mile radius with average household incomes of approximately $117,000.

Green Tree Shopping Center is 99.1 percent leased, as of the acquisition date, to a roster of national tenants, including T.J. Maxx, PetSmart, Ulta and Party City. The property is shadow-anchored by Target, which was not acquired.

About Inland Real Estate Income Trust, Inc.

Inland Real Estate Income Trust, Inc. was formed to acquire, directly or through joint ventures, a portfolio of commercial real estate located throughout the United States. Inland Real Estate Income Trust, Inc. is focused on acquiring primarily core multi-tenant retail assets. Inland Real Estate Income Trust, Inc. is sponsored by Inland Real Estate Investment Corporation.

Contacts

Inland Marketing & Communications, Inc.
Alyssa Templeton, (630) 218-2887
alyssa.templeton@inlandgroup.com

Release Summary

Inland Real Estate Income Trust, Inc. (“Inland Income Trust”) announced today the acquisition of the 147,658-square-foot Green Tree Shopping Center in Katy, Texas.

Contacts

Inland Marketing & Communications, Inc.
Alyssa Templeton, (630) 218-2887
alyssa.templeton@inlandgroup.com