0001528985falseNONE00015289852024-10-282024-10-28

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 28, 2024

 

 

Inland Real Estate Income Trust, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

Maryland

000-55146

45-3079597

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

2901 Butterfield Road

 

Oak Brook, Illinois

 

60523

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (630) 218-8000

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

None

 

N/A

 

N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


Item 8.01 Other Events.

On October 28, 2024, Inland Real Estate Income Trust, Inc. (the “Company”) issued a press release announcing that the Company has engaged BMO Capital Markets Corp. to act as exclusive financial advisor to the Company in connection with the board of directors’ review of strategic alternatives. As previously disclosed, the board of directors of the Company has initiated a process to review strategic alternatives, including the sale of the Company. There can be no assurance that the strategic review will result in a transaction creating a liquidity event or the timing of, or value created by, any transaction.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

 

 

Exhibit No.

Description

99.1

Press Release dated October 28, 2024

104

Cover Page Interactive Data File (embedded within Inline XBRL document).

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

INLAND REAL ESTATE INCOME TRUST, INC.

 

 

 

 

Date:

October 28, 2024

By:

/s/ Catherine L. Lynch

 

 

 

Catherine L. Lynch, Chief Financial Officer

 

 


Exhibit 99.1

img265493630_0.jpg

Inland Inland Real Estate Income Trust, Inc. NEWS RELEASE 2901 Butterfield Road Oak Brook, Ill. 60523 www.inland-investments.com

 

FOR IMMEDIATE RELEASE

 

DATE: October 28, 2024

CONTACT: Nicole Spreck, Inland Communications

(630) 586-4896 nicole.spreck@inlandgroup.com

 

Inland Real Estate Income Trust, Inc. Engages Financial Advisor

 

Oak Brook, Ill. – Inland Real Estate Income Trust, Inc. (the “Company”), a publicly registered, non-traded real estate investment trust, announced today that the Company has engaged BMO Capital Markets Corp. to act as exclusive financial advisor to the Company in connection with the board’s review of strategic alternatives.

As previously disclosed, the board of directors of the Company has initiated a process to review strategic alternatives, including the sale of the Company. There can be no assurance that the strategic review will result in a transaction creating a liquidity event or the timing of, or value created by, any transaction.

About Inland Real Estate Income Trust, Inc.

Inland Real Estate Income Trust, Inc. was formed to acquire, directly or indirectly, a portfolio of commercial real estate located throughout the United States with a focus specifically on grocery-anchored retail assets. Inland Real Estate Income Trust, Inc. was sponsored by Inland Real Estate Investment Corporation. For more information, please visit www.inland-investments.com.

 

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements,” which are not historical facts, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements may be identified by terminology such as “may,” “can,” “would,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “plan,” “seek,” “appear,” or “believe.” Such statements reflect the current view of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions related to certain factors including, without limitation, the uncertainties related to general economic conditions such as inflation and interest rates, competition from internet retailers with our tenants for sales revenue, unforeseen events affecting the commercial real estate industry, retail real estate, or particular markets, and other factors detailed under Risk Factors in our most recent annual report on Form 10-K as of December 31, 2023, filed on March 13, 2024 and subsequent reports on Form 10-Q filed with the Securities and Exchange Commission. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. You should exercise caution when considering forward-looking statements and not place undue reliance on them. Based upon changing conditions, should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Except as required by federal securities laws, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason after the date of this press release.


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