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Inland Real Estate Acquisitions, Inc. Announces the Purchase of FedEx Center in Houston for $39.3 Million



  Inland Real Estate Acquisitions, Inc. Announces the Purchase of FedEx Center
  in Houston for $39.3 Million

  Property acquired on behalf of Inland Diversified Real Estate Trust, Inc.

Business Wire

OAK BROOK, Ill. -- August 20, 2012

Inland Real Estate Acquisitions, Inc. announced today the acquisition of FedEx
Center, a multi-building shipping hub located at Houston’s William P. Hobby
Airport, for $39.3 million. The purchase includes 66.3 acres of land housing
two separate buildings, occupied by FedEx Freight and FedEx Ground, totaling
256,815 square feet. FedEx Corporation is the guarantor for both leases, each
of which has a remaining term of more than 10 years. Matt Tice, vice president
of Inland Real Estate Acquisitions, facilitated the transaction on behalf of
Inland Diversified Real Estate Trust, Inc.

FedEx Center, Houston, Texas (Photo: Business Wire)

FedEx Center, Houston, Texas (Photo: Business Wire)

“Very rarely do you see a FedEx property with a lease guaranty from FedEx
Corporation,” Tice said. “In addition to the very strong credit tenant, this
property is strategically located at Houston’s Hobby Airport.”

The two buildings include 91,156 and 165,659 square feet, respectively, and
each features 28-foot ceiling heights. According to the Airports Council
International of North America, William P. Hobby Airport is one of the busiest
airports in the nation. It is located near the Port of Houston, the
second-busiest port in North America according to the Port of Houston
Authority.

About Inland Real Estate Acquisitions, Inc.

Inland Real Estate Acquisitions, Inc. is the purchasing arm for various
entities that are a part of The Inland Real Estate Group of Companies, Inc.
(“Inland”). Headquartered in Oak Brook, Ill., Inland has been ranked one of
the largest shopping center owners and managers in North America (Retail
Traffic, May 2012) and the fastest-growing acquirer of retail property in the
U.S. (Chain Store Age, May 2012). As of March 31, 2012, Inland-sponsored
companies owned and managed in total over 129.3 million square feet of
diversified commercial real estate in 48 states, as well as managed assets in
excess of $25.8 billion. Inland is comprised of a group of independent legal
entities some of which may be affiliates, share some common ownership or have
been sponsored and managed by Inland Real Estate Investment Corporation or its
subsidiaries. For additional information, please refer to Inland’s website at
www.inlandgroup.com.

About Inland Diversified Real Estate Trust, Inc.

Inland Diversified Real Estate Trust, Inc. (“Inland Diversified”) is a public,
non-listed real estate investment trust (REIT) that focuses on acquiring and
developing a diversified portfolio of commercial real estate. For additional
information, please refer to Inland Diversified’s website at
www.inlanddiversified.com.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50382226&lang=en

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50382226&lang=en

Contact:

Inland Marketing & Communications, Inc.
Joel Cunningham, (630) 586-4897
cunninghamj@inlandgroup.com
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