PRESS ROOMMEDIA COVERAGE ARCHIVE
Inland Securities Corporation, the dealer-manager and placement agent for real estate investment programs sponsored by Inland Real Estate Investment Corporation and Inland Private Capital Corporation, announced that Suzanne Bond was appointed to the Financial Industry Regulatory Authority Midwest Region Committee for a three-year term.
Inland Mortgage Capital, LLC, a private lender specializing in intermediate-term mortgages for value-add commercial real estate, reported a record-breaking fourth quarter of 2019, closing six non-recourse bridge loans totaling $31.575 million, under its small-balance lending program.
Inland Real Estate Commercial Brokerage, Inc. announced its final sales and closings of 2019, both located in Palatine, Illinois. Paul Montes and Eric Spiess, senior vice presidents of Inland Real Estate Commercial Brokerage, facilitated both transactions on behalf of the sellers.
“We also need population growth here,” said Art Rendak, president of Inland Mortgage Capital, LLC. “Illinois and Chicago need to figure out how to address these issues. There needs to be a plan put in place.”
Last Thursday, January 9, REjournals hosted their annual Chicago Commercial Real Estate Forecast conference at the Hyatt Regency Chicago. The final panel of the main session was Chicago: My Kind of Town or Second City, featuring Art Rendak, president of Inland Mortgage Capital, LLC.
The Baederwood Shoppes on the Fairway, a 116,778-square-foot grocery anchored shopping center in Jenkintown, Pennsylvania, has been acquired by a joint venture of an institutional co-mingled fund sponsored by Oak Brook, IL-based Inland Institutional Capital, LLC and Charter Realty & Development Corp. of Westport, CT for $43.3 million.
At the most recent ADISA annual conference, The DI Wire sat down with Inland Private Capital Corporation president Keith Lampi to discuss the long-running history and evolution of 1031 Exchanges and provide an in-depth look at this growing investment strategy.