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Funds Managed by DRA Advisors LLC Complete Acquisition of Inland Real Estate Corporation

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OAK BROOK, Ill.--(BUSINESS WIRE)--Inland Real Estate Corporation (NYSE: IRC) (“the Company” or “IRC”) today announced that funds managed by DRA Advisors LLC (“DRA”) have completed their acquisition (the “Merger”) of the Company, which going forward will be known as IRC Retail Centers Inc. The transaction is valued at approximately $2.3 billion, including the assumption of some debt. Pursuant to the terms of the Agreement and Plan of Merger, dated as of December 14, 2015 (the “Merger Agreement”)


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