Oak Brook, Ill. – Inland Real Estate Income Trust, Inc. (“Inland Income Trust”) announced today the acquisition of The Shoppes at Market Pointe in Papillion, Nebraska. Mark Cosenza, vice president of Inland Real Estate Acquisitions, Inc., facilitated the purchase of the property on behalf of Inland Income Trust. Located at 8650 71st Plaza in Papillion, the 253,903-square-foot property was constructed in 2006. The center is anchored by a Lowe’s and Kohl’s.

“We are thrilled to add The Shoppes at Market Pointe to our growing retail portfolio,” said JoAnn McGuinness, president and chief operating officer of Inland Income Trust. “With its solid national tenant line-up, strong demographics and an ideal location drawing nearly 74,000 residents within three miles, the center fits within our company’s strategy to acquire high quality multi-tenant retail assets.”

The Shoppes at Market Pointe is 99.4 percent leased, as of the acquisition date. In addition to the Lowe’s and Kohl’s, tenants at the center include Panera Bread, America’s Best Contacts & Eyeglasses, Payless ShoeSource, Qdoba, Arby’s and Five Guys. The property is shadow anchored by a Walmart Supercenter, which was not acquired.

About Inland Real Estate Income Trust, Inc.
Inland Real Estate Income Trust, Inc. was formed to acquire, directly or through joint ventures, a portfolio of commercial real estate located throughout the United States. Inland Real Estate Income Trust, Inc. is focused on acquiring primarily core multi-tenant retail assets. Inland Real Estate Income Trust, Inc. is sponsored by Inland Real Estate Investment Corporation.