Inland Real Estate Income Trust Inc (INRE) is a non-traded real estate investment trust that acquires and owns a portfolio of commercial real estate properties in the United States, focused substantially on grocery-anchored shopping centers. Revenue comes from tenant lease payments across its portfolio of retail properties. The company was formed on August 24, 2011, and sponsored by Inland Real Estate Investment Corporation (IREIC), part of The Inland Real Estate Group of Companies. INRE elected REIT status commencing with the tax year ended December 31, 2013. The company has no employees and is externally managed by IREIT Business Manager & Advisor, Inc., an indirect wholly owned subsidiary of IREIC, under a Business Management Agreement expiring March 31, 2027. Properties are managed by Inland Commercial Real Estate Services LLC, also an IREIC affiliate, under a master management agreement expiring December 31, 2026. As of the 10-K filed March 11, 2026, the portfolio includes properties across Connecticut, Mississippi, Arkansas, Florida, Texas, Virginia, Wisconsin, Utah, Kentucky, North Carolina, Alabama, and other U.S. states.

Revenue model

INRE generates revenue primarily through rental income from tenants at its grocery-anchored retail shopping center properties. The company pays its external Business Manager a fee for management services and reimburses certain expenses under the Business Management Agreement.

Products and services

Grocery-anchored retail shopping centers, including properties such as Newington Fair (Newington, CT, 186,205 sq ft), Shoppes at Prairie Ridge (Pleasant Prairie, WI, 232,606 sq ft), Dogwood Festival (Flowood, MS, 188,770 sq ft), Wedgewood Commons (Olive Branch, MS, 169,558 sq ft), Mansfield Shopping Center (Mansfield, TX, 148,529 sq ft), and others across multiple U.S. states, as disclosed in the 10-K filed March 11, 2026.

Customers and end markets

Retail tenants occupying space in grocery-anchored shopping centers across the United States. Demand is tied to the retail real estate sector, particularly grocery and necessity-based retail.

Value-chain role

Property owner and capital allocator. Day-to-day operations are fully outsourced: the Business Manager (IREIT Business Manager & Advisor, Inc.) handles operational oversight and the Real Estate Manager (Inland Commercial Real Estate Services LLC) handles property management, both as IREIC affiliates.

Geographic exposure

United States only. Portfolio properties disclosed in the 10-K filed March 11, 2026 span Connecticut, Mississippi, Arkansas, Florida, Texas, Virginia, Wisconsin, Utah, Kentucky, North Carolina, and Alabama, among other states.

Source: SEC 10-K, filed 2026-03-11

Industry: Real Estate Investment Trusts