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The Inland Real Estate Group of Companies, Inc. ranked 16th in the Top Owners category and 28th in the Top Property Managers category in the publication's annual "Best of the Best" ranking.
Inland Private Capital Corporation Completes Record-Breaking Sale of Industry’s Largest Securitized Full-Cycle 1031 ProgramThe DI Wire August 27, 2019
Inland Private Capital Corporation (IPC) continues to break records within the securitized 1031 sector. IPC’s most recent record-breaking activity included the sale of a portfolio of three, upscale multifamily properties located in Colorado, for a gross sale price of $206.5 million, which marked the industry’s largest securitized full-cycle 1031 program.
Inland Residential Properties Trust, Inc., which adopted a liquidation plan last year, has sold its last property. The Oak Brook, Ill., non-traded REIT, sponsored by Inland Real Estate Investment Corporation, sold the 332-unit Verandas at Mitylene in Montgomery, Ala., for $40.5 million.
The Inland Real Estate Group of Companies, Inc. sold the 270-unit Hurstbourne Estates in June for $45.5 million, or $168,518 per unit. Located in Louisville, the property was roughly 95 percent occupied at the time of sale and offers one-, two- and three-bedroom units averaging 1,020 square feet.
Eugene Rutenberg joined Inland Mortgage Capital, LLC in June 2018 as SVP of loan origination for the western U.S. The new level of seniority represents the latest achievement for a seasoned commercial real estate professional who has closed more than $400 million of complex debt and equity transactions.
InPoint Commercial Real Estate Income, Inc., a commercial mortgage real estate investment trust, originated more than $100 million in floating-rate first mortgage loans during the second quarter of 2019.
Throughout this record-long period of economic growth, there have been two asset classes that have performed particularly well: industrial and net lease. For investors, the two combined can yield interesting results. That’s the message heard by the more than 175 attendees of the fifth annual Net Lease Summit. Joe Binder, executive vice president of acquisition structure and finance at Inland Private Capital Corporation, was among the panel participants.