REIT Investment Track Record
Inland Investments has sponsored nine REITs since 1994 and was the first sponsor to list a non-listed REIT on the New York Stock Exchange (NYSE). Inland Investments has completed six full-cycle non-listed REIT programs that have provided liquidity to stockholders. The status of other Inland Investments-sponsored REITs includes one closed offering, one currently in public offering, and one in private offering. Important Risk Factors to Consider.
“We take great pride in the fact that Inland has never lost sight of its humble beginnings. Our team dedicates their lives to investor satisfaction by using our decades of business experience and providing broad-based support whenever needed.”
Daniel L. Goodwin
Principal & Chairman
The Inland Real Estate Group of Companies, Inc.
Prior Public REIT Performance
| REIT | Inland-Managed Annual Return |
Annual Return Through Full Liquidity |
|---|---|---|
| Inland Real Estate Corporation | 13.16% | 13.51% |
| Inland Retail Real Estate Trust, Inc. | 10.41% | 15.34% |
| Inland Western Retail Real Estate Trust, Inc. | 9.79% | 1.03% |
| Inland Diversified Real Estate Trust, Inc. | 10.98% | 10.98% |
| Inland American Real Estate Trust, Inc. | 3.12% | N/A |
| Inland Residential Properties Trust, Inc.* | 2.57% | 2.57% |
N/A = Not Applicable. This REIT has not had a full-cycle liquidity event.
* Inland Residential Properties Trust, Inc. offered three share classes – Class A, Class T and Class T-3 – with respective returns being 2.57%, 2.81% and 1.02%.
The Median Annual Leverage as of the last full quarter prior to completion for Inland Real Estate Corporation, Inland Retail Real Estate Trust, Inc., Inland Western Retail Real Estate Trust, Inc., Inland Diversified Real Estate Trust, Inc., and Inland American Real Estate Trust, Inc. was 31.95%, 49.75%, 48.74%, 47.95%, and 42.37%, respectively. Aggregate compensation paid or reimbursed to Inland Investments or its affiliates as of the last full quarter prior to completion for Inland Real Estate Corporation, Inland Retail Real Estate Trust, Inc., Inland Western Retail Real Estate Trust, Inc., Inland Diversified Real Estate Trust, Inc., and Inland American Real Estate Trust, Inc., in thousands, was $78,410, $286,281, $636,317, $165,722, and $1,373,955, respectively. Aggregate compensation paid or reimbursed to Inland Investments or its affiliates includes selling commissions and dealer manager fees, the majority of which was reallowed to third-party soliciting dealers. Factors that affect aggregate compensation include the amount of primary offering gross proceeds, length of time Inland managed the REIT and number of properties purchased by the REIT
About the Return Data in Chart
The chart set forth above is being provided for historical purposes only. The returns stated are net of sales load and based on certain assumptions, including that distributions were paid in cash, no redemptions were made during the holding period and the investment was relinquished or sold on the date of (i) self-management at the internalization value or net asset value (NAV), as applicable, of such stock or (ii) the liquidity event at the liquidation value of such stock. Internalization value means the value of the stock of the REIT as determined in connection with the self-management transaction which was a transaction among the REIT, its advisor and property management and not a liquidity event available to all stockholders. Returns can vary significantly depending on when an investment was made and sold in the program. See pages 6 through 13 for more detail.
Explanation of Calculations
Inland-Managed Annual Return = Total consideration (distributions plus internalization value or NAV at self-management) to an investor who invested in Class A Shares on the first day of the REIT’s primary offerings, minus the offering price, divided by the offering price, divided by the total period of time from the first day of the REIT’s primary offerings to date of self-management.
Annual Return Through Full Liquidity = Total consideration (distributions plus liquidation value of stock) to an investor who invested in Class A Shares on the first day of the REIT’s primary offerings, minus the offering price, divided by the offering price, divided by the total period of time from the first day of the REIT’s primary offerings to date of liquidity event. With respect to Inland Real Estate Corporation, Inland Retail Real Estate Trust, Inc. and Inland Western Retail Real Estate Trust, Inc., Inland no longer managed the REIT as of the date of the liquidity event.
Past performance is not a guarantee of future results. An investment in any of Inland Investments’ programs is not an investment in any other Inland-related entity. Returns from an investment in an Inland Investments-sponsored program may differ materially from the returns of an investment in any other entity owned, controlled or sponsored by Inland Investments. Please consult the program prospectus or other offering document for a complete discussion of risk factors that can affect distributions to investors.