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Inland Real Estate Corporation owns and operates high quality shopping centers in strong geographic markets. With $3.1 billion in total assets under management, we have a substantial presence within the Central U.S., including a commanding market position in the Chicago and Minneapolis MSAs. We are expanding into the Southeastern region of the nation through recent acquisitions of operating shopping centers and in-process retail developments. At March 31, 2015, the Company owned interests in 134 fee simple investment properties totaling approximately 15 million square feet of gross leasable area (GLA). Our markets have compelling demographics, diverse economies and high barriers to entry.
Inland Real Estate Corporation’s diversified retail portfolio includes neighborhood, community and power shopping centers as well as single-user assets. Our tenants are national, regional and local retailers that provide value-oriented retail and everyday goods and services. Approximately half of the Company’s properties have a grocery component. In addition, national and regional brand retailers provided 77% of total portfolio annual base rent as of March 31, 2015. Leased occupancy for the total portfolio was 95.0% at March 31, 2015, demonstrating our ability to capture strong retailer demand for space at our well-located centers.
Inland Real Estate Corporation is a self-advised and self-managed real estate investment trust (REIT) and is listed on the NYSE under the ticker “IRC”. The Company has a total market capitalization of $2.3 billion as of March 31, 2015. Headquartered in Oak Brook, Illinois, the company celebrated 20 years of operations in 2014.