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Organization
3 Months Ended
Mar. 31, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Organization

NOTE 1 – ORGANIZATION

The Company was formed on August 24, 2011 to acquire and manage a portfolio of commercial real estate investments located in the United States. To date, the Company has focused on acquiring retail properties. The Company entered into a Business Management Agreement with IREIT Business Manager & Advisor, Inc. (the “Business Manager”), an indirect wholly owned subsidiary of Inland Real Estate Investment Corporation (the “Sponsor”), to be the Business Manager to the Company.

At March 31, 2017, the Company owned 57 retail properties, totaling 6,655,965 square feet.  The properties are located in 23 states.  At March 31, 2017, the portfolio had a weighted average physical occupancy of 94.5% and economic occupancy of 95.4%. Economic occupancy excludes square footage associated with an earnout component.