Filed pursuant to 424(b)(3)
Registration #333-85666

SUPPLEMENT NO. 9
DATED SEPTEMBER 30, 2002
TO THE PROSPECTUS DATED JUNE 7, 2002
OF INLAND RETAIL REAL ESTATE TRUST, INC.

We are providing this Supplement No. 9 to you in order to supplement our prospectus. This supplement, dated September 30, 2002 to our prospectus dated June 7, 2002, updates information in the "Real Property Investments," and "Plan of Distribution" sections of our prospectus. This Supplement No. 9 supplements, modifies or supersedes certain information contained in our prospectus, Supplement No. 8 dated September 19, 2002 and Supplement No. 7 dated September 6, 2002, (which superseded Supplement No. 6 dated August 27, 2002, Supplement No. 5 dated August 16, 2002, Supplement No. 4 dated July 25, 2002, Supplement No. 3 dated July 17, 2002, Supplement No. 2 dated July 2, 2002 and Supplement No. 1 dated June 18, 2002), and must be read in conjunction with our prospectus.

Real Property Investments

The discussion under this section, which starts on page 92 of our Prospectus, is modified and supplemented by the following information regarding properties that we have acquired.

The following table provides information regarding the properties we have acquired since September 19, 2002, the date of our last supplement. We purchased these properties from unaffiliated third parties. We purchased these properties with our own funds unless noted otherwise

Property	Type	Year Built	Date Acquired	Approx. Acquisition Costs, including expenses *	Gross Leasable Area  (Sq. Ft.)	Physical Occupancy as of 9/30/02 (%)	No. of Tenants	Major Tenants
Circuit City 1401 Piney Plains Road Cary, NC	SU	2000	09/23/02	$5,645,000	27,891	100	1	Circuit City
Forest Hills Centre 1700 Raleigh Road NW Wilson, NC	NC	1989	09/25/02	$6,850,000	73,280	97	16	Harris Teeter Sports Connection
Cox Creek Centre Cox Creek Parkway and   Mall Road Florence, AL	NC	2001	09/27/02	19,200,000 (1)	174,207	91	12	Linens 'N Things Dick's Sporting   Goods Best Buy Michael's

* Our acquisition costs may increase by additional costs, which have not yet been finally determined. We expect any additional costs to be insignificant.

1. As part of the purchase of this property, we assumed the modified existing debt with a remaining balance of approximately $15,300,000. The loan requires monthly principal and interest payments based on an annual rate of 7.09% and matures in 2012.

SU Single User Retail Property

NC Neighborhood Center

Potential Property Acquisitions

We are currently considering acquiring the following properties. Our decision to acquire each property will generally depend upon

• no material adverse change occurring in the property, the tenants or the local economic conditions;
• our receipt of sufficient net proceeds from this offering to make these acquisitions or sufficient availability of credit; and
• our receipt of satisfactory due diligence information including appraisals, environmental reports and lease information.

Other properties may be identified in the future that we may acquire before or instead of these properties. We cannot guarantee that we will complete these acquisitions.

In evaluating each property as a potential acquisition and determining the appropriate amount of consideration to be paid for the property, we considered a variety of factors including overall valuation of net rental income, location, demographics, tenant mix, quality of tenants, length of leases, price per square foot, occupancy and the fact that overall rental rates at the shopping center are comparable to market rates. We believe that the properties are well located, have acceptable roadway access, attract high-quality tenants, are well maintained and have been professionally managed. The properties will be subject to competition from similar shopping centers within their market area, and their economic performance could be affected by changes in local economic conditions. We did not consider any other factors materially relevant to the decision to acquire these properties.

We anticipate purchasing the following properties from unaffiliated third parties. We intend to purchase these properties with our own funds unless noted otherwise. However, we expect to place financing on the properties at a later date.

		Year	Estimated Acquisition Costs including	Gross Leasable Area	Physical Occupancy As of 9/30/02	No. of
Property	Type	Built	expenses *	(Sq. Ft.)	(%)	Tenants	Major Tenants
Rosedale Center   Gilead Road & I-77 Huntersville, NC	NC	2000	$19,662,000 (1)	94,248	94	30	Harris Teeter
Gateway Plaza Shopping   Center Western Blvd at   Gateway South Jacksonville, NC	NC	2000/2001	$11,836,000	101,682	96	13	Ross Stores Bed, Bath & Beyond PETsMART
Parkaire Landing Johnson Ferry Road Marietta, GA	NC	1996	$19,534,000 (2)	160,881	100	46	World on Ice Royal Gourmet
Coleman Village Highway 120 and   Coleman Road Roswell, GA	NC	2000	$15,989,000	90,958	88	17	Kroger
Old Alabama Old Alabama Road and   Haynes Bridge Road Alpharetta, GA	NC	2000	$19,339,000	89,117	93	23	Fresh Market Walgreens LA Fitness
Centennial Village Holcomb Bridge Road   and Old Scott Road Roswell, GA	NC	1999	$14,688,000	95,876	100	20	Kroger

		Year	Estimated Acquisition Costs including	Gross Leasable Area	Physical Occupancy As of 9/30/02	No. of
Property	Type	Built	expenses *	(Sq. Ft.)	(%)	Tenants	Major Tenants
Eckerd Drug Store Package of 19 Stores	SU	1999/2000	$59,550,000 (3)	210,906	100	19	Eckerd Drug Store
Millersport Highway,  Amherst, NY   Broadway and Bailey,  Buffalo, NY   Genesee and Pine Ridge,  Cheektowaga, NY   Central and Millard Fillmore, Dunkirk, NY   Old Freeport Road and Pillow,  Cheswick, PA   Rte. 119 and York,  Connellsville, PA   26th and Parade,  Erie, PA   6th and Parade,  Erie, PA   12th and Pittsburgh,  Erie, PA   26th and Sterrettania,  Millcreek, PA   Peach and Zimmerly,  Millcreek, PA   Eastway Plaza,  Harborcreek,PA   Rte. 22 and Center,  Monroeville, PA   Monroeville and Jamison,   Monroeville, PA   Washington and Jefferson,  New Castle, PA   Rte. 130 and Pleasant Valley,  Penn, PA   Rte. 51 and Rte 88,   Pittsburgh, PA   Rte. 286 and Old Frankstown,  Plum, PA   Rte. 22 and Cover,  Weirton,WV

* Our acquisition costs may increase by additional costs, which have not yet been finally determined. We expect any additional costs to be insignificant.

1. As part of the purchase of this property, we will assume the modified existing debt with a remaining balance of approximately $15,700,000. The loan requires monthly interest payments based on an annual rate of 7.94% and matures in 2011.
2. As part of the purchase of this property, we will assume the modified existing debt with a remaining balance of approximately $11,676,000. The loan requires monthly interest payments based on an annual rate of 7.0% and matures in 2009.
3. Initially, we intend to fund a first mortgage in the amount of approximately $53,000,000 to the seller of these 19 Eckerd Drug Stores. Concurrent herewith, we intend to sign a purchase agreement to acquire the properties in early 2003.

SU Single User Retail Property

NC Neighborhood and Community Retail Shopping Center

Plan of Distribution

The following new subsection is inserted at the end of this section on page 192 our prospectus.

Update

As of January 31, 2001, we had sold 13,687,349 shares in our first offering resulting in gross proceeds of $136,454,948. In addition, we received $200,000 from our advisor for 20,000 shares. Inland Securities Corporation, an affiliate of our advisor, served as dealer manager of this offering and was entitled to receive selling commissions and certain other fees, as discussed further in our prospectus. As of January 31, 2001, we had incurred $11,588,024 of commissions and fees payable to Inland Securities Corporation, which results in our receipt of $125,066,924 of net proceeds from the sale of those 13,687,349 shares. As of January 31, 2001 the first offering terminated. Our second offering began February 1, 2001. As of August 29, 2002, we had sold 50,000,000 shares in our second offering resulting in gross proceeds of $497,842,917, thereby completing the second offering. Inland Securities Corporation also served as dealer manager of this offering and was entitled to receive selling commissions and certain other fees, as discussed further in our prospectus. As of August 29, 2002, we had incurred $42,631,670 of commissions and fees payable to Inland Securities Corporation, which results in our receipt of $455,011,247 of net proceeds from the sale of those 50,000,000 shares. Our third offering began June 7, 2002. As of September 27, 2002, we had sold 24,865,263 shares in our third offering, resulting in gross proceeds of $248,187,135. Inland Securities Corporation also serves as dealer manager of this offering and is entitled to receive selling commissions and certain other fees, as discussed further in our prospectus. As of September 27, 2002, we had incurred $23,892,781 of commissions and fees payable to Inland Securities Corporation, which results in our receipt of $224,294,354 of net proceeds from the sale of those 24,865,263 shares. An additional 2,113,762 shares have been sold pursuant to our Distribution Reinvestment Program as of September 27, 2002, for which we have received additional net proceeds of $20,080,740. As of September 27, 2002, we had repurchased 324,856 shares through our Share Repurchase Program resulting in disbursements totaling $3,009,946. As a result, our net offering proceeds from all offerings total approximately $827,463,211 as of September 27, 2002, including amounts raised through our Distribution Reinvestment Program, net of shares, repurchased through our Share Repurchase Program.

We also pay an affiliate of our advisor, which is owned principally by individuals who are affiliates of Inland, fees to manage and lease our properties. For the six months ended June 30, 2002, we have incurred and paid property management fees of $2,010,694. For the years ended December 31, 2001 and 2000, we have incurred and paid property management fees of $1,605,491 and $926,978, respectively. Our advisor was entitled to receive an annual asset management fee of not more than 1% of our average invested assets, to be paid quarterly until August 1, 2001. Thereafter, our advisor may receive an annual asset management fee of not more than 1% of our net asset value, to be paid quarterly. For the six months ended June 30, 2002, we had incurred and paid $1,847,000 of such fees. For the year ended December 31, 2001, no such fees were accrued or paid. For the year ended December 31, 2000, we had incurred and paid $120,000 of such fees. We may pay expenses associated with property acquisitions of up to .5% of the proceeds that we raise in this offering but in no event will we pay acquisition expenses on any individual property that exceeds 6% of its purchase price. Acquisition expenses totaling approximately $5,463,000 are included in the purchase prices we have paid for all our properties purchased through September 27, 2002. As of September 27, 2002, we had invested approximately $565,135,000 in properties that we purchased for an aggregate purchase price of approximately $1,081,879,000, and we had invested approximately $46,475,000 in two notes receivable from developers of two shopping centers. After expenditures for organization and offering expenses and acquisition expenses, establishing appropriate reserves and the acquisition of the properties described above, as of September 27, 2002, we had net offering proceeds of approximately $220,000,000 available for investment in additional properties. As of September 27, 2002, we have committed to the acquisition of an additional $406,000,000 in properties. We believe we will have sufficient resources available from offering proceeds and financing proceeds to acquire these properties.