MEDIA RELATIONS
Joe Cosenza, vice chairman of The Inland Real Estate Group, LLC and president of Inland Real Estate Acquisitions, LLC, Keith Lampi, president and CEO of Inland Real Estate Investment Corporation and Nati Kiferbaum, SVP - head of investment product strategy at Inland Private Capital Corporation talk self-storage, student housin.g and senior living with Connect Money.
Inland Private Capital Corporation announced the completion of a more than $46 million capital raise for the private investment offering of Algonquin Senior Living DST, an Inland Private Capital-sponsored Delaware statutory trust.
Keith Lampi, CEO & president of Inland Real Estate Investment Corporation, recently discussed the evolution of core real estate to include more than just office, retail, industrial and multifamily during a conversation as part of ADISA’s Focus on Alternatives Series.
Inland Real Estate Acquisitions, LLC negotiated and closed a joint venture for a student housing development in Tallahassee, Fla. The site, located in a qualified opportunity zone, will be developed into a purpose-built student housing property named Hub Tallahassee and near the Florida State University campus.
Since 2016, The Inland Real Estate Group of Companies, Inc. has been an active player in the self-storage sector, amassing a $1.7-billion portfolio of both stabilized assets and development projects across 30 states. G. Joseph Cosenza, vice chairman of The Inland Real Estate Group, LLC and president of Inland Real Estate Acquisitions, LLC, discusses Inland’s acquisition of the majority interest in the business of Devon Self Storage Holdings (US) LLC, one of the largest privately owned national self-storage operators. Tony Chereso, CEO and president of The Inland Real Estate Group LLC, and Matthew Tice, SVP of acquisitions for Inland Real Estate Acquisitions, LLC and co-CEO and President of Devon negotiated “a very good deal for Inland and for the sellers of Devon,” Cosenza said. “We have an opportunity to reduce the cost to the investors and we have a great management team on those properties. It is a perfect deal for everybody involved.”
Self-storage developers and operators vary on their preference for building ground-up projects vs. converting retail or industrial buildings into self-storage, but the process is similar, says Tony Chereso, CEO & president of The Inland Real Estate Group, LLC. He shares insights into the 22 development/conversion projects Inland has completed over the past several years.