Inland Real Estate Corporation with the consolidated entities, is a real estate investment trust (REIT) that acquires, owns, operates and develops (directly or through the unconsolidated entities) open-air neighborhood, community, power and lifestyle shopping centers and single-tenant retail properties. Approximately, 65% of the total retail portfolio is located in the Chicago Metropolitan Statistical Area (MSA). During the year ended December 31, 2008, the Company owned interests in 144 investment properties, including those owned through the unconsolidated joint ventures. The properties comprised of 65 neighborhood retail centers totaling 4,244,000 gross leasable square feet, 19 community centers totaling 2,940,000 gross leasable square feet, 27 power centers totaling 4,598,000 gross leasable square feet, one lifestyle center totaling approximately 540,000 gross leasable square feet and 32 single-user properties totaling approximately 2,185,000 gross leasable square feet.