Holliday Fenoglio Fowler, L.P. (HFF) announced that it closed the $11.468 million sale of a 16,920-square-foot outpatient imaging facility that is triple net master leased to the New York University School of Medicine in the Long Island community of Garden City, New York. Inland Real Estate Acquisitions, LLC facilitated the purchase of the asset.
“Denver Multifamily Portfolio DST was another successful full-cycle transaction on our multifamily investment platform for Inland Private Capital Corporation's investors,” said Keith Lampi, president and chief operating officer of IPC. “We purchased the properties in 2015, and they provided consistent income and a substantial profit on sale, resulting in an 8.71 percent average annualized return to investors.”
Inland Private Capital Corporation (IPC) has completed the sale of two multifamily properties in Denver, Ascent Uptown and Emerson Lofts, for $21.8 million. IPC, through its subsidiary which serves as asset manager, facilitated the sale of the properties on behalf of Denver Multifamily Portfolio DST, one of its 1031 investment programs.
The Better Business Bureau of Chicago & Northern Illinois announced this year’s award winners and new board members activated at its 92nd Annual Dinner held on Thursday, March 7, 2019 at the Swissotel Chicago. The Torchbearer of the Year Award was presented to Daniel Goodwin. As Chairman and CEO of The Inland Real Estate Group of Companies, Inc., Dan oversees a business that specializes in creating, developing and supporting separate real estate investment and financial companies. His passionate focus on ethics in business led to The Inland Real Estate Group of Companies winning the coveted Better Business Bureau Torch Award for Marketplace Ethics three times in the last eight years.
Inland Private Capital Corporation has traded Retreat at Shadow Creek Ranch, a 370-unit multifamily asset in Pearland, Texas. Goldman Sachs Asset Management Private Real Estate purchased the community in a transaction which, according to Yardi Matrix data, involved a $28.8 million loan held by TIAA.