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Business Description
Inland Real Estate Corporation is a self-managed, real estate investment trust (REIT). It owns and operates neighborhood, community, power and single tenant retail centers. It also may construct or develop properties or render services in connection with construction or development. As of December 31, 2011, it owned interests in 146 investment properties, including those owned through its unconsolidated joint ventures, which consist of 61 neighborhood retail centers totaling approximately 4,249,000 gross leasable square feet; 23 community centers totaling approximately 3,129,000 gross leasable square feet; 32 power centers totaling 4,959,000 gross leasable square feet; one lifestyle center totaling approximately 561,000 gross leasable square feet, and 29 single-user properties totaling approximately 1,334,000 gross leasable square feet. In March 2014, it acquired Mokena Marketplace in Mokena. In August 2014, Inland Real Estate Corp acquired the Princess City Plaza shopping center.