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Inland Achieves 1.37x Equity Multiple to Investors with the Sale of a 296-Unit Multifamily Property in Fort Myers
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”), an industry leading real estate investment manager, today announced the sale of Brantley Pines, a multifamily property located in Fort Myers, Florida. IPC, through its subsidiary which serve as asset manager, facilitated the sale of the property on behalf of Fort Myers Multifamily DST, one of IPC’s 1031 investment programs.
The sale resulted in an equity multiple to investors of 1.37 (calculations are based on the aggregate amount of original capital invested in the property).
Inland Delivers 1.75 Equity Multiple with a Suburban Chicago Retail Sale
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”), an industry leading real estate investment manager, today announced the sale of a retail property currently leased to Best Buy and Golf Galaxy in Downers Grove, Illinois, a southwest suburb of Chicago. IPC, through its subsidiary which serves as asset manager, facilitated the sale of the property on behalf of Downers Grove Retail DST, one of IPC’s 1031 investment programs.
Inland Fully Subscribes Student Housing DST Near the University of Notre Dame
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”), an industry leading real estate investment manager, today announced the completion of a more than $26 million capital raise for the private investment offering of Irish Row Student Housing DST, an IPC-sponsored Delaware statutory trust (“DST”). The offering has been fully subscribed by investors and is now closed.
Inland Delivers 1.4x Equity Multiple with a Colorado Springs Multifamily Sale
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”), an industry leading real estate investment manager, today announced the sale of the Estate at Woodmen Ridge Apartment Homes in Colorado Springs, Colorado. IPC, through its subsidiaries which serve as asset managers, facilitated the sale of the property on behalf of Colorado Springs Multifamily DST, one of IPC’s 1031 investment programs.
The sale resulted in an equity multiple to investors of 1.4x, (calculations are based on the aggregate amount of original capital invested in the property).
Inland Fully Subscribes $46 Million Senior Living DST
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”), an industry leading real estate investment manager, today announced the completion of a more than $46 million capital raise for the private investment offering of Algonquin Senior Living DST, an IPC-sponsored Delaware statutory trust (“DST”). The offering has been fully subscribed by investors and is now closed.
The DST owns a Class A, private pay, 186-unit senior living community in Algonquin, Illinois. The community is comprised of independent living, assisted living and memory care units.
Industry Veteran David Kasprzak Joins Inland as National Sales Manager
Oak Brook, Ill. – Inland Securities Corporation (“Inland Securities” or “the firm”), the exclusive dealer manager and placement agent for real estate investment programs offered by Inland Real Estate Investment Corporation and its affiliates, which are part of The Inland Real Estate Group of Companies, Inc. (“Inland”) announced today that David Kasprzak has joined the firm as executive vice president, national sales manager.
The Inland Real Estate Group of Companies, Inc. Mourns the Loss of Founder, Chairman and CEO Daniel L. Goodwin
Oak Brook, Ill. – It is with great sadness that The Inland Real Estate Group of Companies, Inc. (“Inland”) announces that its Founder, Chairman and CEO Daniel L. Goodwin passed away last night at the age of 80.
Inland Real Estate Investment Corporation Announces the Retirement of its President and CEO Mitchell A. Sabshon and the Appointment of Keith Lampi as Successor Effective February 1, 2024
Oak Brook, Ill. – (January 11, 2024) Inland Real Estate Investment Corporation (“Inland Investments” or “the Company”) one of the nation’s largest investment managers of both public and private real estate securities products, announced today that Mitchell A. Sabshon has decided to retire from his positions of President, CEO and as a director of Inland Investments effective February 1, 2024, and the Company’s Board of Directors has appointed Keith Lampi as his successor. Mr.
Inland Acquiring Majority Interest in Devon Self Storage Business
Oak Brook, Ill. – The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and finance groups, announced an agreement for Inland to purchase a majority interest in the business of Devon Self Storage Holdings (US) LLC (“Devon”), one of the largest privately owned national self-storage operators. Currently, Devon manages 202 properties and approximately 109,000 units nationally.
Inland Private Capital Announces Delivery of a Class-A Self-Storage Property in Missouri
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”), an industry leading real estate investment manager, and Devon Self Storage Holdings (US) LLC (“Devon”), a privately held national storage operator and developer, today announced the delivery of a 731-unit self-storage property located in Springfield, Missouri. The opening marks the ninth self-storage redevelopment delivery on behalf of an affiliate of IPC.
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