PRESS ROOMMEDIA COVERAGE ARCHIVE
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.
Top Regional Leaders Honored at Better Business Bureau of Chicago and Northern Illinois’ 92nd Annual Dinner MeetingBetter Business Bureau March 15, 2019
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.
The board of Inland Real Estate Income Trust, Inc., a publicly registered non-traded real estate investment trust, has declared a net asset value per share of $20.12 for the company’s common stock.
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.
Multi-Housing News ranked The Inland Real Estate Group of Companies, Inc. as the second top apartment owner in Denver. Inland owns 20 communities in Denver totaling 5,167 units, with the largest being Conifer Creek. The community consists of 53 buildings on a 10.6-acre lot and offers 480 one- and two-bedroom units. Conifer Creek was built between 1984 and 1986 and offers a wide array of amenities, including fitness center and jogging trails, clubhouse, swimming pool, 24-hour courtesy patrol and landscaped surroundings.