Retail REIT Inland Real Estate Agrees to $2.3 Billion Buyout

Inland Real Estate Corp. (NYSE: IRC), an owner of neighborhood, community and power shopping centers, said Dec. 15 that it has agreed to be purchased for approximately $ 2.3 billion by real estate funds managed by DRA Advisors LLC.

Upon completion of the all-cash transaction, which includes the assumption of existing debt, Inland will become a privately held REIT.

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