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Based on Yardi Matrix data, Integra 360 Apartment Homes is one of the largest multifamily projects delivered in Orlando during the last 12 months. The Inland Real Estate Group of Companies, Inc. recently acquired the 360-unit community situated at 1700 Integra Land Way.
Mountain Dell Consulting, a market research and analytics firm focused on the securitized 1031 exchange marketplace, recently released its first quarter 2019 report which revealed that securitized 1031 programs are on pace to raise $2.65 billion this year. Inland Private Capital Corporation remains the leading 1031 sponsor with 28 percent of the market share.
Illinois Chamber Day was held at the State House Inn on March 22, 2019. The agenda included discussion on transportation, recreational cannabis, association health plans, updates from the United States Chamber of Commerce and other business topics. Daniel Wagner, senior vice president of government relations for The Inland Real Estate Group of Companies, Inc., was in attendance and photographed with Congressman Rodney Davis (R-IL) from the 13th District.
The latest Robert A. Stanger & Co. report on industry sales is out, and non-listed REIT sales are up. In the report, Stanger also now tracks all alternative products. In addition to non-listed REITs, the Stanger report now takes into account 1031 exchanges, DSTs and other alternative real estate investment products. On this new schedule, Inland Real Estate Investment Corporation ranked fourth in the industry overall for fundraising in 2018, and is currently ranked as fourth for industry sales year-to-date in 2019.
Inland Residential Properties Trust, Inc., a publicly registered non-traded real estate investment trust, has sold The Retreat at Market Square, a 206-unit multifamily community located in the Baltimore suburb of Frederick, Maryland.
A pair of apartment buildings in Capitol Hill and City Park West has sold to the same buyer for a combined $21.85 million. The buildings were sold by Illinois-based Inland Private Capital Corporation, which purchased them in 2015, paying $11.5 million for Emerson Lofts and $7.3 million for Ascent Uptown, according to records.