Inland Real Estate Income Trust, Inc. Enters into Amendment to its Credit Agreement
January 22, 2016 at 10:32 pm IST
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On January 21, 2016, Inland Real Estate Income Trust, Inc. entered into an amendment to its credit agreement with KeyBank National Association, individually and as administrative agent, KeyBanc Capital Markets Inc., as lead arranger, and certain other lenders named therein to, among other matters: (i) increase the aggregate commitment under the Credit Agreement by $10.0 million to $110.0 million; (ii) admit Fifth Third Bank as a new lender under the Credit Agreement; and (iii) reduce the commitments of the existing lenders by a portion of the commitment of the new lender.
Inland Real Estate Income Trust, Inc. is a real estate investment trust that acquires and manages a portfolio of commercial real estate investments located in the United States. The Company invests in joint ventures or acquires other real estate assets such as office and medical office buildings, multi-family properties and industrial/distribution and warehouse facilities. It is also focused on investing in real estate-related equity securities of both publicly traded and private real estate companies, as well as commercial mortgage-backed securities (CMBS). The Company's investment properties include Newington Fair, Wedgewood Commons, Park Avenue, North Hills Square, Mansfield Shopping Center, MidTowne Shopping Center, Settlers Ridge, Pick N Save Center, Wilson Marketplace, Regal Court, Pentucket Shopping Center, Blossom Valley Plaza, Branson Hills Plaza, Walgreens Plaza, and Fox Point Plaza. The Company owns approximately 52 retail properties, totaling 7.2 million square feet.
INLAND REAL ESTATE INCOME TRUST, INC. 
