Commercial Real Estate Updates Commercial Real Estate Updates
July 27, 2023
Webinar: Q2 2023 Residential Portfolio Update
IPC’s residential portfolio includes 76 properties, with approximately 19,000 units across 19 states, with a high concentration in Florida, Colorado, Arizona, Alabama, and New Jersey. The portfolio continues to show resiliency in its first quarter performance, as rising interest rates and a shortage on housing stock has created tenant demand. The portfolio is experiencing 98 percent average rent collection for the second quarter, a 0.8 percent improvement over 2022 and a 1.4 percent percent improvement over 2021. This year the portfolio’s occupancy rates have seen growth as well, driven by strong leasing performance of 8,000 leases with 53 percent of those actually signing leases. In Q2, the portfolio’s overall leasing foot traffic increased by 22 percent, and leases grew by 25 percent compared to Q1.
Please click the link below to hear the full webinar presented by Keith Lampi, President and CEO of Inland Private Capital Corporation, Niall Byrne, President of Inland Property Management & Leasing Group, Inc., and Dan Zatloukal, Executive Vice President, Asset Management of Inland Real Estate Investment Corporation.
February 9, 2023
Webinar: 2022 Residential Portfolio Update & 2023 Outlook
IPC saw record-setting numbers in 2021, and that momentum carried on throughout 2022. IPC’s residential properties continued to deliver strong performance with consistent rent collections, high leasing volume, and portfolio occupancy above the national average. IPC remains active on the acquisition side and purchased more than $473 million in multifamily assets through December 31, 2022, with a concentration in Arizona, Colorado, and Florida. Click on the link below to hear more from Keith Lampi, President and CEO of Inland Private Capital Corporation, Niall Byrne, President of Inland Property Management & Leasing Group, Inc., and Dan Zatloukal, Executive Vice President, Asset Management of Inland Real Estate Investment Corporation.