BRADLEY ASSOCIATES AND INLAND REAL ESTATE ACQUISITIONS ANNOUNCE COMPLETION OF PORTFOLIO OF 32 INDUSTRIAL PROPERTIES FOR $488 MILLION

Chicago (April 1, 2008) – Bradley Associates, a Chicago-based, full-service and nationally focused commercial real estate and private equity company, has recently completed a portfolio sale of 32 predominately industrial properties for approximately $488 million to one of the REITs sponsored by an affiliate of The Inland Real Estate Group of Companies, Inc.  The portfolio includes three retail, six office and 23 industrial properties.

JP Morgan Securities, Inc. acted as Bradley Associates' exclusive financial advisor and was instrumental in consummating the transaction.  Bradley Associates successfully redeployed the majority of the portfolio sale proceeds into new real estate projects, maintaining its high level of activity in the national commercial real estate market.

“Throughout the negotiations, we have enjoyed our relationship with Inland and are extremely satisfied with the results of the sale of this portfolio,” said Sherwin Jarol, Managing Partner of Bradley Associates.  “We were very pleased with our overall return to our investors.”

“We are well-respected within the real estate industry in terms of our expertise, our due diligence process and our access to capital, all of which combine for solid execution in our acquisitions,” said Joe Cosenza, vice chairman of The Inland Real Estate Group of Companies, Inc., who negotiated the transaction in his capacity as president of the group’s acquisition arm, Inland Real Estate Acquisitions, Inc,

Bradley Associates’ $1.5 billion portfolio of commercial real estate holdings consists of industrial, office, hotels and senior housing properties located in more than 30 states.  The company employs a highly experienced staff of financial analysts, acquisition, due diligence, property management and investor relations specialists. 

About Bradley Associates

Headquartered in Chicago for over 20 years, Bradley Associates is a full service commercial real estate and private equity company that provides services to clients throughout the United States.  Bradley Associates’ experience extends into many areas of commercial real estate, including acquisition and divestiture of industrial properties, mortgage lending and investment services.  The company’s unique investment criteria and market insight have resulted in almost three decades of unmatched success for its investors.  Currently, Bradley manages more than 15 million square feet of property.

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