Inland Real Estate Acquisitions acquires 16 shopping centres

Inland Real Estate Acquisitions, the purchasing arm of The Inland Real Estate Group of Companies, has acquired 16 shopping centres from a joint venture between TIAA-CREF and Developers Diversified Realty for USD424m.

Developers Diversified Realty is a real estate investment trust, while TIAA-CREF is a financial services organisation.

The shopping centres are all located in the US.

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