Inland Buys $2B So Far In '05

OAK BROOK, IL-The Inland Real Estate Group of Companies has closed on $2 billion of acquisitions so far this year, mostly within its three real estate investment trusts, Inland Western Retail Real Estate, Inland Retail Real Estate Trust and Inland Real Estate Corp. A majority of the purchases were centers across the country, from California to Vermont.

At this time last year, Inland had only closed on half of this amount of transactions. In all, Inland closed on $4 billion of properties in 2004. “We are now on pace to surpass that dollar amount easily,” says Joe Cosenza, Inland’s chairman, in a statement.