Company: INRE
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0000950170-25-033568
Chunk: 83

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 16
Chunk 83
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 INCOME TRUST, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024(Dollar amounts in thousands, except per share amounts) 

The fair value of derivative instruments was estimated based on data observed in the forward yield curve which is widely observed in the marketplace. The Company also incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the counterparty's nonperformance risk in the fair value measurements which utilize Level 3 inputs, such as estimates of current credit spreads. The Company has determined that the credit valuation adjustments are not significant to the overall valuation of its derivative interest rate swap agreements and therefore has classified these in Level 2 of the hierarchy.

NOTE 15 – SUBSEQUENT EVENTSIn connection with the preparation of its consolidated financial statements, the Company has evaluated events that occurred subsequent to December 31, 2024 through the date on which these consolidated financial statements were issued to determine whether any of these events required disclosure in the consolidated financial statements.There were no reportable subsequent events or transactions.

96

INLAND REAL ESTATE INCOME TRUST, INC.Schedule IIIReal Estate and Accumulated DepreciationDecember 31, 2024(Dollar amounts in thousands) 

      Initial cost (A)

      Gross amount carriedat end of period (B)

      Property Name
      Encumbrance
       
      Land
       
      BuildingsandImprove-ments
       
      Cost Capitalized Subsequent to Acquisitions(C)
       
      Land (D)
       
      BuildingsandImprovements(D)
       
      Total(D)
       
      AccumulatedDepreciation(E)
       
      DateConstructed
      DateAcquired
       
      DepreciableLives

      Blossom Valley Plaza
      $
      —
       
      $
      9,515
       
      $
      11,142
       
      $
      1,962
       
      $
      9,515
       
      $
      13,104
       
      $
      22,619
       
      $
      (4,362
      )
      1988
       
      2015
       
      15-30

      Turlock, CA

      Branson Hills Plaza
       
      —

      3,787

      6,039

      257

      3,787

      6,296

      10,083

      (