Update

Work has intercepted blogging, but I expect more regular posts soon.   In the mean time, I've been at a loss for a pithy analysis of Kite Realty's $1.2 billion acquisition of the non-traded REIT Inland Diversified, other than it's hard to believe this deal would not have happened without American Realty Capital's and Cole's successful liquidity in several of their REITs.  Combine this with the sour aftertaste from Inland's last listing, Retail Properties of America, and any price above the $10.00 per share offer price paid by investors is a win for Inland, and for Inland Diversified shareholders who'll get fully liquidity when the merger closes.