InPoint Commercial Real Estate Income Inc., a commercial mortgage non-traded real estate investment trust, has priced its underwritten public offering of 3.5 million shares of 6.75% Series A Cumulative Redeemable Preferred Stock at $25.00 per share.
Daniel Wagner, senior vice president of government relations for The Inland Real Estate Group, LLC, discusses current tax reform that could possibly limit Section 1031 to the detriment of the economy, tax revenues, jobs, affordable housing, neighborhoods, farming, and all businesses that touch real estate.
Inland Private Capital Corporation, a sponsor of 1031 tax deferred exchanges, has sold The Preserve at the Meadows, a 220-unit multifamily property located in Fort Collins, Colorado, for approximately $61 million. “Situated in the heart of the rapidly growing Fort Collins market, The Preserve at the Meadows provided IPC investors an opportunity to capitalize on the market’s robust growth and increased investor demand that has occurred over the past several years,” said Keith Lampi, president and chief operating officer of Inland Private Capital Corporation.
Christopher Todd Communities, one of the nation's leading innovators in the build-to-rent housing segment, sold two of their Phoenix metro single-story rental Communities. "We continue to see opportunities with assets located in Arizona due to the influx in population," commented Matthew Tice, senior vice president of Inland Real Estate Acquisitions, LLC. "Christopher Todd Communities represent the top tier of the single-family rental communities, and we are happy to own and manage so many of these properties. Our Inland affiliates now own and manage approximately $1 billion of commercial real estate in Arizona."
The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and finance groups, congratulates one of its member companies, Inland Private Capital Corporation, on its 20th anniversary. “IPC’s accomplishments throughout the last two decades are a testament to its leadership and employees,” said Daniel Goodwin, chairman and principal of The Inland Real Estate Group, LLC.
Keith Lampi, director, president and chief executive officer of Inland Private Capital Corporation, shares his insight on the benefits of a 1031 exchange, from tax deferral to diversification, increased income, improved purchasing power and reprieve for landlords. [video]