Inland Real Estate Acquisitions, Inc. Announces
the Purchase of Nine-Store Dollar General
Portfolio in Alabama and Georgia for $8.5 Million
Properties acquired on behalf of Inland Diversified Real Estate Trust, Inc.
January 20, 2011 10:57 AM Eastern Time
OAK BROOK, Ill.--(EON: Enhanced Online News)--Inland Real Estate Acquisitions, Inc. announced today the
portfolio acquisition of nine Dollar General stores located throughout Alabama and Georgia for a total of
approximately $8.5 million. All nine properties were constructed in 2010 and each is 100 percent leased to Dollar
General Corporation (“Dollar General”). The properties were acquired on behalf of Inland Diversified Real Estate
Trust, Inc. and the purchase was facilitated by Joe Cosenza, president of Inland Real Estate Acquisitions and a vice
chairman of The Inland Real Estate Group of Companies, Inc.
“Dollar General is currently the largest and one of the fastest-growing retailers in the United States based on number
of locations, with 9,273 stores in 35 states,” Cosenza said. “The company is highly regarded on Wall Street, with
annual sales that increased 11 percent in 2010 while profit increased 15.5 percent and net income jumped 57
percent. As the economy continues its prolonged recovery, value-priced retailers like Dollar General are playing an
increasingly important role in the retail marketplace.”
The stores range in size from around 9,000 square feet to 10,600 square feet. Dollar General leases the properties
on a triple-net lease basis, meaning they pay all of the expenses of the property directly. The leases extend through
2025 with multiple renewal options.
“Purchasing the Dollar General portfolio helps diversify our asset base by adding a strong and rapidly growing tenant
who has found a niche in the retail sector,” said Barry Lazarus, president and chief operating officer of Inland
Diversified. “Dollar General has executed a proven business plan for expansion into underserved markets.”
About Inland Real Estate Acquisitions, Inc.
Inland Real Estate Acquisitions, Inc. is the purchasing arm for various entities that are a part of The Inland Real
Estate Group of Companies, Inc. (“Inland”). Headquartered in Oak Brook, Ill., Inland has been ranked one of the
largest shopping center owners in North America (Retail Traffic, March/April 2010) and one of the top managers of
retail property in the United States (Retail Traffic, March/April 2010), and named the winner of the Torch Award for
Marketplace Ethics by the Better Business Bureau of Chicago and Northern Illinois (December 2009). As of
September 30, 2010, Inland-sponsored companies owned and managed in total over 123.4 million square feet of
diversified commercial real estate in 47 states, as well as managed assets in excess of $25.8 billion. Inland is
comprised of a group of independent legal entities some of which may be affiliates, share some common ownership
or have been sponsored and managed by subsidiaries of Inland Real Estate Investment Corporation. For additional
information, please refer to Inland’s website at www.inlandgroup.com.
About Inland Diversified Real Estate Trust, Inc.
Inland Diversified Real Estate Trust, Inc. (“Inland Diversified”) is a public, non-listed real estate investment trust
(REIT) that focuses on acquiring and developing commercial real estate located in the United States and Canada, as
well as the potential acquisition of other REITs or real estate operating companies. For additional information, please
refer to Inland Diversified’s website at www.inlanddiversified.com.
Inland Communications, Inc.
Joel Cunningham, (630) 586-4897