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Inland Real Estate Income Trust, a nontraded real estate investment trust that owns more than 7M SF of U.S. shopping centers, is evaluating its next steps, which could result in a sale.
Inland REIT has a portfolio of 52 shopping centers across 24 states worth approximately $1.4B. As part of the strategic review, announced last week in a regulatory filing, Inland said it will work with a financial adviser to determine next steps, which could be a complete sale, a public stock listing or no action at all.