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Inland Green Capital LLC, an environmental finance and investment company, funded its first Commercial Property Assessed Clean Energy (C-PACE) transaction in Colorado. Although there has been an increase in PACE activity with respect to hospitality properties, this is Inland Green Capital’s first deal in the Colorado market.
Daniel Wagner, senior vice president of government relations at The Inland Real Estate Group, LLC, shares insight on the importance of the 1031 like-kind exchange program and how it could be of benefit to farm owners. The 1031 like-kind exchange is an important financial tool and incentive that farm and conservation communities can utilize to achieve their shared goals.
Inland Private Capital’s Latest Full-Cycle Multifamily Transaction Delivers 155% Return to Investors with Sale of Penn Circle ApartmentsMultifamilyBiz March 17, 2021
Inland Private Capital Corporation (“IPC”) announced the sale of Penn Circle Apartments located in Carmel, Indiana, an affluent suburb located 15 miles north of Indianapolis. IPC, through its subsidiary which serves as asset manager, facilitated the sale of the property on behalf of Carmel Multifamily DST, one of IPC’s 1031 investment programs.
Fort Collins Big Red F Post Chicken & Beer Restaurant Taps C-PACE Financing for Energy Efficiency RetrofitCity of Las Vegas C-PACE March 15, 2021
Colorado C-PACE announced today that Palmer Properties in partnership with Air Comfort will use $130,000 in CO C-PACE financing to convert a former IHOP into a new Big Red F Post Chicken & Beer restaurant. Financing was provided by Inland Green Capital LLC via the CO C-PACE program’s open market funding model.
Keith Lampi, president and chief operating officer of Inland Private Capital Corporation, joined expert panelists at Alts Week 2021 to discuss the 1031 exchange program, market updates, how to engage clients and due diligence of DSTs. The panelists spoke from both a registered rep/BD and RIA perspective.
Inland Private Capital Corporation, a sponsor of 1031 tax deferred exchanges, has sold Penn Circle Apartments, a multifamily property located in the Indianapolis suburb of Carmel, Indiana. “We purchased the property in October 2014, and through proactive asset management, the property exceeded cash flow projections and provided a substantial profit on sale, resulting in a 9 percent average annualized return to investors,” said Keith Lampi, president and chief operating officer of Inland Private Capital Corporation.
The Inland Real Estate Group of Companies, Inc. has joined The Real Estate Roundtable’s (RER) Real Estate Like-Kind Exchange Coalition. Inland’s member company, Inland Private Capital Corporation, specializes in offering securitized 1031 tax-free exchange investments and has $9 billion in assets under management. “Inland is the first DST company to join The Real Estate Roundtable’s Real Estate Like-Kind Exchange Coalition and we are thrilled to have their support,” said Jeff DeBoer, chief executive officer of The Real Estate Roundtable.