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In conjunction with the end of our 2016 fiscal year, our board of trustees reviewed our original valuation estimates, with the input and assistance of management, to determine whether an update was warranted.
This Annual Report on Form 10-K includes certain statements that may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
Such forward-looking statements relate to, without limitation, changes in rent and occupancy, general conditions in our geographic markets, our future debt levels and financial position, our future capital expenditures, future distributions, future dispositions, future expenses and other developments and trends of the real estate industry.
Forward-looking statements are generally identifiable by the use of the words “may,” “will,” “should,” “would,” “expect,” “could,” “intend,” “plan,” “anticipate,” “estimate,” “believe,” “continue,” “project,” or the negative of these words or other comparable terminology.
IIT’s properties generated revenue through the rents the corporate customers paid to use the properties in their supply chain.
IIT purchased its first property in June 2010, and from 2010 through mid-2015, raised approximately .2 billion of equity capital from investors.