REBusinessOnline

INLAND TO SELL 84 NET-LEASED PROPERTIES FOR $503M

OAK BROOK, ILL. — Inland Diversified Real Estate Trust Inc., a public non-listed REIT, has agreed to sell 84 single-tenant properties for approximately $503 million to Escondido, Calif.-based Realty Income Corp. The properties are located in 22 states and include 16 tenants in 12 different industries. The portfolio consists of net-leased properties that include primarily retail, industrial and distribution locations. The average lease term of the properties currently stands at 13.7 years. The transaction is expected to close during the first quarter of 2014.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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