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Inland buys out NYSTRS on retail portfolio for $121 million

from National Real Estate Investor

Inland Real Estate Corp. has agreed to buy out its partner, the New York State Teachers' Retirement System, on a 13-property Midwest retail portfolio for $121 million. Inland will acquire NYSTRS' 50 percent ownership in the IN Retail Fund LLC., a portfolio that consists of 11 neighborhood, community and power shopping centers located in the Chicagoland area; one neighborhood retail center in a suburb of Minneapolis and one community retail center located near Racine, Wis. more

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