Inland Mortgage Capital, LLC, a private lender specializing in intermediate-term mortgages for value-added commercial real estate, has appointed Daniel Greenberg as senior vice president of loan origination.
Inland Private Capital Corporation (IPC) continues to break records within the securitized 1031 sector. IPC recently sold a portfolio of three upscale multifamily properties, located in Colorado, for a gross sale price of $206.5 million. This sale marked a successful and historic transaction, as it was the industry’s largest securitized 1031 program to go full-cycle.
Robert A. Stanger & Company has reported that sales of non-traded REITs totaled $2.6 billion in the second quarter of 2019, up 130 percent compared to the second quarter 2018 total of $1.1 billion. Inland Real Estate Investment Corporation was ranked as the fourth top alternative investment sponsor.
Life Storage Inc., a self-storage real estate investment trust and third-party management company, has sold 32 facilities to an affiliate of The Inland Real Estate Group of Companies, Inc., a commercial real estate and finance firm. “We are thrilled to form this strategic alliance with one of the largest publicly traded REITs in the self-storage industry,” added Mark Cosenza, senior vice president of Inland Real Estate Acquisitions, LLC, the group affiliate that handled the transaction.
As Inland Private Capital Corporation’s youngest senior vice president, Nati Kiferbaum, senior vice president & head of investment product strategy, oversaw a record-breaking capital raise for the company in 2018: $750 million in equity.