IRC.PRB.PFD (Inland Real Estate) SpecialCharges

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What is Inland Real Estate SpecialCharges?

Special Charges only applies to banks.

Inland Real Estate Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Inland Real Estate Corp (NYSE:IRC.PRB.PFD) » Definitions » SpecialCharges

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Traded in Other Exchanges

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Address

Website

http://www.inlandrealestate.com

Inland Real Estate Corp was formed on May 12, 1994. It is a publicly held real estate investment trust ("REIT") that owns, operates and develops open-air neighborhood, community and power shopping centers and single-tenant retail properties located in Midwest markets. Approximately fifty-nine percent of its total retail portfolio gross leasable area is located in the Chicago Metropolitan Statistical Area, with its second largest market concentration being approximately seventeen percent in the Minneapolis-St. Paul MSA. Tenants at the Company's retail properties primarily provide "everyday" goods and services to consumers. The primary drivers of its internal income growth are rental rate increases over expiring rates on new and renewal leases and cost savings from operational efficiencies. The Company's business is competitive. It competes with other property owners on the basis of location, rental rates, operating expenses, visibility, quality of the property, volume of traffic, strength and name recognition of other tenants at each location and other factors. These competitive factors affect the level of occupancy and rental rates that it is able to achieve at its investment properties. In addition, the Company's tenants compete against other forms of retailing such as catalog companies and e-commerce websites that offer similar retail products. The Company competes with other real estate companies, and at its current investment properties, it competes with other owners of similar properties for tenants. Inland Real Estate's properties are also subject to various federal, state and local regulatory requirements, such as state and local fire and life safety requirements.

Executives

Meredith W. Mendes	director	2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Inland Real Estate Investment Corp	10 percent owner	2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Inland Group Inc	10 percent owner	2901 BUTTERFIELD, OAK BROOK IL 60523
Inland Investment Stock Holding Co	10 percent owner	2901 BUTTERFIELD RD, OAK BROOK IL 60523
Beth Sprecher Brooks	officer: General Counsel	C/O INLAND REAL ESTATE CORPORATION, 2901 BUTTERFIELD RD, OAK BROOK IL 60523
D Arcy Thomas P	director	C/O INLAND REAL ESTATE CORPORATION, 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Thomas R Mcwilliams	director	C/O INLAND REAL ESTATE CORPORATION, 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
William W Anderson	officer: Vice President	C/O INLAND REAL ESTATE CORP, 2901 BUFTTERFIELD ROAD, OAK BROOK IL 60523
Mark E Zalatoris	officer: Chief Operating Officer	2901 BUTTERFIELD RD, OAK BROOK IL 60523
David J Kayner	officer: General Counsel	C/O INLAND REAL ESTATE CORPORATION, 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Kristi A Rankin	officer: Senior Vice President	C/O INLAND REAL ESTATE CORP, 2901 BUFTTERFIELD ROAD, OAK BROOK IL 60523
Carol L Adams	officer: Treasurer, Property Mgmt	C/O INLAND REAL ESTATE CORPORATION, 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
D Scott Carr	officer: President, Property Mgmt.	C/O INLAND REAL ESTATE CORP, 2901 BUFTTERFIELD ROAD, OAK BROOK IL 60523
G Joseph Cosenza	director	C/O INLAND REAL ESTATE CORPORATION, 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Robert D Parks	officer: President and CEO	2901 BUTTERFIELD ROAD, OAK BROOK IL 60181