Company: INRE
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0000950170-25-033568
Chunk: 54

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 16
Chunk 54
---
    $
    6,896

    $
    6,454

    $
    5,334

See accompanying notes to consolidated financial statements.

77

INLAND REAL ESTATE INCOME TRUST, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)

(Dollar amounts in thousands)

For the years ended December 31, 2024, 2023 and 2022

    Supplemental disclosure of cash flow information:
    2024

    2023

    2022

    In conjunction with the purchase of investment properties, the Company acquired assets and assumed liabilities as follows:

    Land
    $
    —

    $
    —

    $
    62,510

    Building and improvements
     
    —

    —

    192,722

    Acquired lease intangible assets
     
    —

    —

    33,285

    Acquired intangible liabilities
     
    —

    —

    (9,654
    )

    Assumed liabilities, net
     
    —

    —

    (983
    )

    Purchase of investment properties
    $
    —

    $
    —

    $
    277,880

    Cash paid for interest
    $
    40,935

    $
    40,397

    $
    27,421

    Supplemental schedule of non-cash investing and financing activities:

    Accrued capital expenditures
    $
    3,581

    $
    1,080

    $
    253

See accompanying notes to consolidated financial statements.

78

INLAND REAL ESTATE INCOME TRUST, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024(Dollar amounts in thousands, except per share amounts) 

NOTE 1 – ORGANIZATIONInland Real Estate Income Trust, Inc. (the “Company”) was formed and sponsored by Inland Real Estate Investment Corporation, referred to herein as the “Sponsor” or “IREIC,” an indirect subsidiary of The Inland Group, LLC (“Inland”) on August 24, 2011. The Company was formed to acquire and manage a portfolio of commercial real estate investments located in the United States and elected to be taxed as a real estate investment trust (“REIT”) commencing with the tax year ended December 31, 2013. The Company’s strategic plan, implemented with a view toward creating a liquidity event for stockholders, has