Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO—The market for retail acquisitions has become far more competitive with aggressive pricing and a good deal of cap rate compression. And at REITWeek 2013: NAREIT’s Investor Forum, held this week in Chicago, officials from the Inland Real Estate Corporation outlined their strategy to continue growing.  

In addition to on-going efforts to upgrade their existing retail portfolio, largely spread across the Upper Midwest, IREC has formed several joint ventures with pension funds such as the New York State Teachers’ Retirement System and PGGM, a Dutch pension fund. Of the latter, which began in 2010, Mark Zalatoris, IREC president and CEO said that “this venture has added $300 million in gross value to our portfolio.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.