Inland is doing the deal through its Inland American Real EstateTrust unit, which owns 882 properties across a variety ofcommercial sectors. It is initially investing $20 million into theventure, and executives expect to increase that to $100 millionover the next 18 months.
"The current dislocation in the credit markets has producedattractive opportunities to invest in commercial real estateloans," says George Pandaleon, president of Inland InstitutionalCapital Partners, in a press release.
Inland's contributions toward Concord Debt will be used toacquire additional debt instruments. The firm's management isexpecting a 10% return on its investment.
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