OAK BROOK, Ill., Dec 20, 2011 (BUSINESS WIRE) -- Inland Diversified Real Estate Trust, Inc. ("Inland Diversified") has announced that it will close its current "best efforts" public offering to new investors on August 23, 2012.
Inland Diversified presently is offering up to 500,000,000 shares of its common stock for sale at $10.00 per share and up to an additional 50,000,000 shares of its common stock for issuance under its distribution reinvestment plan at $9.50 per share. Inland Diversified intends to use the proceeds from this offering primarily to acquire a diversified portfolio of commercial real estate. Inland Securities Corporation is the managing broker dealer for the "best efforts" offering.
Inland Diversified, a non-traded real estate investment trust (REIT), focuses on acquiring a diversified portfolio of commercial real estate assets. Inland Diversified is designed to take advantage of opportunities in various property categories, including: grocery-anchored shopping centers, necessity-based retail assets, single-tenant office and multi-family assets. Inland Diversified is not limited to investing in a single asset class.
A copy of the final prospectus for Inland Diversified's offering is available upon written request addressed to Inland Securities Corporation, 2901 Butterfield Road, Oak Brook, Illinois, 60523. The prospectus may also be obtained at the SEC's website at: www.sec.gov , or at the Inland Diversified website at: www.inlanddiversified.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 a diversified portfolio of commercial real estate. For additional information, please refer to Inland Diversified's website at www.inlanddiversified.com .
This press release may contain 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." We intend that such forward-looking statements be subject to the safe harbor provisions created by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward looking statements involve numerous risks and uncertainties that could cause actual results to be materially different from those set forth in the forward looking statements.
This is neither an offer to sell nor the solicitation of an offer to buy any security, which can be made only by the prospectus which has been filed or registered with appropriate state and federal regulatory agencies, nor will there be any sale of securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. No regulatory agency has passed on or endorsed the merits of this offering. Any representation to the contrary is unlawful.
SOURCE: Inland Diversified Real Estate Trust, Inc.
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