Inland Private Capital Corporation, a sponsor of 1031 tax deferred exchanges, has sold the 230-unit Lakeshore Pearl Apartments located in Austin, Texas on behalf of one of its 1031 investment programs.
“Austin Lakeshore Multifamily DST was another successful full-cycle transaction on our multifamily investment platform for IPC’s investors,” Keith Lampi, president & COO of Inland Private Capital Corporation, said in a prepared statement. “We purchased the property in 2015, and it provided consistent income and a substantial profit on sale, resulting in a 10.9 percent average annualized return to investors.”
ADISA, a trade association for the alternative and direct investment space, announced that its 2018 officers were selected at its first board of directors meeting of the year. Keith Lampi of Inland Private Capital Corporation begins his term as the 2018 ADISA president (having been elected president-elect in 2017).
InPoint Commercial Real Estate Income, Inc., a commercial mortgage real estate investment trust, has established a credit facility of up to $250 million. The credit facility allows InPoint to finance first mortgage loans on behalf of the company and its investors.
InPoint Commercial Real Estate Income, Inc., a commercial mortgage real estate investment trust sub-advised by an affiliate of Sound Point Capital Management, announced through its operating partnership, the company established a credit facility of up to $250 million.
On January 17, REJournals hosted the 16th Annual Commercial Real Estate Forecast Conference. More than 900 individuals were in attendance to hear from dozens of experts, including Don Stewart, SVP of property management at Inland Investment Real Estate Services.