secwatch.observer — SEC 8-K summary
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Issuer:     Inland Real Estate Income Trust, Inc. (INRE)
CIK:        0001528985
Form:       8-K
Filed at:   2022-05-20T23:59:59+00:00
Accession:  0001564590-22-020829
Event type: m_and_a
Sentiment:  positive
Materiality: 0.73
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Inland Real Estate Income Trust acquires 8 grocery-anchored properties for $278M, adds $300M term loans
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- Acquired eight properties totaling 686,851 sq ft for $278M, funded by $5.6M cash and $300M new term loans.
- Credit agreement amended to add $300M term loans maturing Feb 2027; leverage ratio temporarily raised to 62.5% until Mar 2023.
- Portfolio grows to $1.4B in assets, 52 properties, and 7.2M sq ft; 89% leased with weighted average lease term of 6.3 years.
- Transaction with affiliate of sponsor; approved by independents; no fees paid to Inland or affiliates; Barclays advised.
- Properties span 7 states, anchored by Whole Foods, Ralphs, Sprouts, Trader Joe's, Giant Food; average rent $25.88/sq ft.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528985/000156459022020829/0001564590-22-020829-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528985/000156459022020829/ck1528985-8k_20220517.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-020829

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