Inland Diversified Real Estate Trust, Inc.

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Inland Diversified Real Estate Trust, Inc. (Inland Diversified), Inland Investments’ most recent full-cycle sponsored REIT, was a public, nonlisted REIT that owned a diversified portfolio of commercial real estate assets, including grocery-anchored shopping centers, necessity-based retail assets, single-tenant offices and multifamily properties. As of June 30, 2014, the last full quarter prior to the time that Inland Diversified merged with Kite Realty Group Trust (NYSE:KRG), the portfolio was comprised of 57 retail properties.

On July 2, 2014, Inland Diversified merged with KRG. As a result of the merger, each share of Inland Diversified common stock was converted into the right to receive 1.707 newly issued shares of KRG common stock.

  • June 2008

    Inland Diversified Formed

  • August 2009

    Capital Raise Begins

  • October 2009

    First Distribution Paid

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  • August 2012

    Capital Raise Ends

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  • July 2014

    Liquidity Event: Merger – NYSE:KRG

Initial Per Share Purchase Price $10.00
Primary Offering Gross Proceeds $1.1 billion
Approximate Total Distributions $193 million
Total Distributions Plus Liquidation Value $1.5 billion

Explanation of Calculations

Approximate Total Distributions = Summation of total program distributions through the date of the liquidity event described herein, unless otherwise noted.

Total Distributions Plus Liquidation Value = Approximate Total Distributions, plus the aggregate value of the KRG shares received by all Inland Diversified stockholders as of the date of the liquidity event described above, based upon a closing price of $6.40 per KRG share.

Inland Diversified suspended its share repurchase program, effective December 13, 2013, in connection with its merger with KRG.

Inland is not affiliated with KRG. This communication, which was prepared solely by Inland Investments, was neither authorized, directed nor approved by KRG. KRG has provided no opinion on its truth or accuracy.

With respect to any REIT that has not had a liquidity event, there is no guarantee that a liquidity event will occur. Past performance is not a guarantee of future results.

This website is neither an offer to sell nor a solicitation of an offer to buy any security which can be made only by a prospectus, or offering memorandum, which has been filed or registered with appropriate state and federal regulatory agencies, and sold only by broker dealers authorized to do so.

The Inland name and logo are registered trademarks being used under license. "Inland" refers to The Inland Real Estate Group of Companies, Inc. which is comprised of a group of independent legal entities some of which may be affiliates, share some common ownership or have been sponsored and managed by subsidiaries of Inland Real Estate Investment Corporation (Inland Investments). Inland Securities Corporation, member FINRA/SIPC, is dealer manager for investment programs sponsored by Inland Investments. For more information on Inland Securities Corporation, visit FINRA BrokerCheck.