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Publicly traded real estate firm to be acquired for $2.3B

Posted online December 17, 2015 | 12:36 pm

Funds advised by investment company New York-based DRA Advisors LLC will pay for the acquisition of publicly traded real estate firm Inland Real Estate Corp. (NYSE: IRC).

The deal is valued at $2.3 billion.

After the acquisition is complete, the Oak Brook, Ill., company would become a private real estate investment trust.

Read more from Chicago Real Estate Daily.

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