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Inland Income Trust Shifts Focus to Grocery-Anchored Centers

Inland Real Estate Income Trust said recently its long-term strategic plan is to move toward a liquidity event, most likely through a listing on a public securities exchange. The plan centers around owning a portfolio of 100% grocery-anchored shopping centers with lower exposure to big-box retailers.

“As some forms of retail real estate are in transition, grocery-anchored neighborhood shopping centers continue to deliver solid performance,” said Mitchell Sabshon, president and CEO of Oak Brook, IL-based Inland Real Estate Investment Corporation, the nonlisted REIT’s sponsor. “We believe that an expanded grocery-anchored portfolio will allow us to drive operating performance and better position the REIT for a successful liquidity event.”

As part of this strategy, Inland Income Trust will consider selling certain non-core assets, with the goal of redeploying capital into strategically located grocery-anchored centers. It currently owns 59 retail properties in 24 states, totaling more than six million square feet.

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Sale/Acquisition