Inland REIT Buys 4 Affiliates

Inland Retail Real Estate Trust Inc., Oak Brook, Ill., has reported the acquisition of four affiliated companies that have provided it with advice and property management services.The acquired companies are: Inland Retail Real Estate Advisory Services Inc., Inland Southern Management Corp., Inland Mid-Atlantic Management Corp., and Inland Southeast Property Management Corp. The terms of the transaction were not disclosed. The transaction is "an integral part of our business plan of becoming a self-administered and self-managed real estate investment trust, which is generally considered a prerequisite for publicly traded REITs," said Robert D. Parks, chairman of Inland Retail Real Estate Trust. The company can be found online at http://www.inlandgroup.com.