Inland Real Estate Corporation 12/13/04 Press Release

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549

FORM 8-K
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  December 13, 2004

INLAND REAL ESTATE CORPORATION
 (Exact Name of Registrant as Specified in its Charter)

Maryland
(State or Other Jurisdiction of Incorporation)

 

001-32185
(Commission File Number)

 

36-3953261
(IRS Employer Identification No.)


2901 Butterfield Road
Oak Brook, Illinois 60523
 (Address of Principal Executive Offices)


(630) 218-8000
(Registrant’s Telephone Number, Including Area Code)


N/A
(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

£

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

£

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

£

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

£

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 8.01.   Other Events.

            On December 13, 2004, Inland Real Estate Corporation (the “Company”) issued a press release announcing that the Company has contributed five properties, with an approximate net equity value of $56 million, to its previously announced strategic joint venture with the New York State Teachers’ Retirement System.  The Company expects to contribute an additional three retail centers, with an approximate net equity value of $44 million, within the next few months to complete its initial contribution to the joint venture of eight retail centers with an approximate net equity value of $100 million.  The Company expects that the contribution of these properties may cause a potential, short-term reduction in property-level income, which may or may not be offset by its share of income received from new acquisitions made by the joint venture.  A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated in its entirety in this Item 8.01 disclosure by reference.

Item 9.01.  Financial Statements and Exhibits.

 

(a)

Financial Statements of Businesses Acquired:  N/A

 

 

(b)

Pro Forma Financial Information:  N/A

 

 

(c)

Exhibits:

 

 

Exhibit No.

Description

 

 

 

 

    99.1

Press release of Inland Real Estate Corporation, dated
December 13, 2004

 

 

 

 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

INLAND REAL ESTATE CORPORATION

By:

/s/ Mark E. Zalatoris

Name:

Mark E. Zalatoris

Title:

Executive Vice President, Chief Operating Officer and Treasurer

Date:  December 14, 2004                                          

 


exhibit index

 

Exhibit No.                   Description

Press release of Inland Real Estate Corporation, dated December 13, 2004