Inland REIT To Raise $1.8B

Inland Core Assets Real Estate Trust is planning to raise $1.8 billion from investors to purchase a portfolio of commercial real estate in the U.S.

Inland Core Assets Real Estate Trust (Inland REIT) is planning to raise $1.8 billion from investors to purchase a portfolio of commercial real estate in the U.S., Housing Wire reports. The company will offer 150 million shares at $10 per share through its deal manager Inland Securities Corp.

It will also offer up to 30 million shares at $9.50 per share to investors who elect to participate in a distribution reinvestment plan. The company will target retail properties, office buildings, multifamily and warehouse properties.

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