Inland Real Estate Corporation Expands Joint Venture with NYSTRS into Texas.OAK BROOK, Ill. -- Inland Real Estate Corporation (NYSE NYSE See: New York Stock Exchange :IRC (Internet Relay Chat) Computer conferencing on the Internet. There are hundreds of IRC channels on numerous subjects that are hosted on IRC servers around the world. After joining a channel, your messages are broadcast to everyone listening to that channel. ) and their joint venture partner, the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State Teachers' Retirement System (NYSTRS NYSTRS New York State Teachers Retirement System ) advised by Morgan Stanley Real Estate Advisor, Inc., today announced the formation of IN Retail Fund Texas, L.L.C. effective May 11, 2006. This agreement was entered into for the purpose of acquiring retail properties at locations in or around Dallas, Austin, San Antonio, Houston and El Paso, Texas. Subject to the terms of the Agreement, NYSTRS will contribute up to $80 million and IRC will contribute up to $20 million, for an aggregate cash capital commitment by the parties of $100 million. This press release contains forward-looking statements. Forward-looking statements are statements that are not historical, including statements regarding management's intentions, beliefs, expectations, representations, plans or predictions of the future, and are typically identified by such words as "believe," "expect," "anticipate," "intend," "estimate," "may," "will," "should" and "could." The Company intends that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. There are numerous risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. For a more complete discussion of these risks and uncertainties, please see the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2005. Inland Real Estate Corporation disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. Paying Agent Paying Agent An agent who accepts payments from the issuer of a security and then distributes the payments to the holders of the security. Also known as a "disbursing agent. : Registrar and Transfer Company, (800) 368-5948 |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion