secwatch.observer — SEC 8-K summary
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Issuer:     Inland Real Estate Income Trust, Inc. (INRE)
CIK:        0001528985
Form:       8-K/A
Filed at:   2022-07-29T23:59:59+00:00
Accession:  0001564590-22-027115
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Inland Real Estate Income Trust acquires 8 retail properties for $278M, funded with $300M term loans
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- Acquired 8 grocery-anchored retail properties (686,851 sq ft) from related-party Inland Retail Property Fund LP for $278M.
- Acquisition funded with $5.6M cash and $300M term loans under credit facility at ~3.8% weighted average interest rate.
- Properties had combined revenues of $23.9M (2021) and $5.9M (Q1 2022); one property at 46.8% occupancy.
- Pro forma net loss for 2021 increases from $2.5M to $13.3M due to added interest and depreciation expenses.
- Weighted average remaining lease term 6.3 years; all independent directors approved the related-party transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528985/000156459022027115/0001564590-22-027115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528985/000156459022027115/ck1528985-8ka_20220517.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-027115

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer