Inland REIT, Dutch pension manager form JV for retail venture

PGGM, a Dutch money manager that handles $111 billion for pension funds, and Inland Real Estate are partnering to invest in grocery-anchored and community-retail centers. Inland Real Estate, which will hold a 55% stake in the venture, is contributing three retail centers totaling $45 million and $65 million in equity to be used for additional acquisitions. The joint venture will lever that equity by 50% to 55%.

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