PRESS ROOMMEDIA COVERAGE ARCHIVE
Inland Private Capital Corp. Trades 1031 Portfolio for $206M
Multi-Housing News October 27, 2021Inland Private Capital Corporation closed the buying round of its FL-NY Multifamily Portfolio DST encompassing three communities totaling 796 units in Coram, New York, Lithia, Florida, and Bradenton, Florida. The disposition of the three properties within the 1031 investment program brought $206.4 million to the company.
Read More >Inland Private Capital Corporation Delivers 219% Return to Investors with the Sale of a Three Property Multifamily Portfolio
BlueVault Partners October 27, 2021Inland Private Capital Corporation announced sales totaling $206.4 million for three multifamily properties, marking another liquidity event on behalf of one of its 1031 investment programs. “All three residential communities were acquired in 2016. Through proactive asset management and value-add upgrades, the investment program delivered a considerable profit on sale – more than double the original equity investment – and resulted in a 21 percent average annualized return to investors. The transaction provided liquidity to investors, many of which have elected to utilize their sales proceeds to complete a subsequent tax-deferred exchange,” said Keith Lampi, president and chief operating officer of IPC.
Read More >The Drake Oak Brook Tapped C-PACE Tool for Refinancing its Recent Energy Efficient Additions and Remodel
Chicago Tribune October 26, 2021The Drake Oak Brook recently underwent a remodel that included several energy saving elements, refinanced by Inland Green Capital LLC. Anna Maria Kowalik, senior vice president and director of business development of Inland Green Capital LLC, said the environmental finance and investment company used a funding tool known as PACE to retroactively refinance $2.76 million in The Drake Oak Brook’s remodel.
Read More >Inland Green Capital LLC closes $2.76 million C-PACE Refinancing for The Drake Hotel in Oak Brook, Illinois
REJournals October 26, 2021Inland Green Capital LLC, an environmental finance and investment company, announced the closing and funding of a commercial Property Assessed Clean Energy (“PACE”) transaction in Oak Brook, Illinois, a western suburb of Chicago. Inland Green Capital was selected to refinance $2.76 million in energy efficient improvements for the luxury hotel, The Drake Oak Brook, Autograph Collection, located at 2301 York Road in Oak Brook.
Read More >Webinar: 1031 Exchanges, Conservationism, DSTs, and More with Daniel Wagner of Inland Real Estate Group of Companies, Inc.
Real Estate Breakfast October 21, 2021In this episode of Real Estate for Breakfast, host Phil Coover is joined by Daniel Wagner, senior vice president of government relations at The Inland Real Estate Group, LLC. During the episode, Phil and Daniel discuss the history of Inland, the numerous benefits of 1031 like kind exchange, and Delaware Statutory Trusts. Watch the replay here or at the link above.
Read More >Inland Private Reports 166% Total Return with DST Multifamily Portfolio Sale
The DI Wire October 12, 2021Inland Private Capital Corporation, a sponsor of 1031 tax deferred exchanges, has sold two multifamily properties located in Fort Collins, Colorado for a combined $108.9 million. “These properties are ideally located in Fort Collins, one of the three fastest-growing metro areas in one of the nation’s fastest growing states,” said Keith Lampi, president and chief operating officer.
Inland REIT to Pursue Possible Listing, Declares Quarterly Distribution
The DI Wire October 11, 2021Inland Real Estate Income Trust, Inc., a publicly registered, non-traded real estate investment trust, has proposed a number of charter amendments to align it more closely with the charters of publicly traded REITs.
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