Ian Ritteris national online editor ofGlobeSt.RETAIL.
OAK BROOK, IL-Inland Real Estate Corp. and the New YorkTeachers' Retirement System have formed a joint venture to acquireup to $400 million of neighborhood and community centers in theMidwest over the next two years. Inland will manage and lease theproperties.
Inland is contributing eight centers to the deal, and NYSTRSwill put $50 million toward the transaction. Inland officials saythey will add $100 million to purchase more centers if needed.
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