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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.
Read More >Inland Surpasses $50 Billion in Real Estate Deals
Daily Herald September 30, 2021Inland Real Estate Acquisitions, LLC, the purchasing arm of The Inland Real Estate Group of Companies, Inc., has negotiated and closed more than 3,700 deals on behalf of Inland affiliates totaling more than $50 billion of commercial real estate across the nation since the company's inception. "Inland's 3,700 purchases are mostly individual transactions, which are rare for bigger companies," said Joe Cosenza, vice chairman of The Inland Real Estate Group, LLC and president of Inland Real Estate Acquisitions, LLC.
The 1031 Exchange by the Numbers
Real Assets Adviser September 28, 2021Real Assets Adviser takes a comprehensive look at the 1031 like-kind exchange program and the impact it has on commercial real estate. Inland Private Capital Corporation leads the way in 1031 transactions with 16% of 1031 market & market share. Keith Lampi, president and chief executive officer of Inland Private Capital Corporation, says overall performance of the sector this year has been “incredibly strong.” He notes, however, “There is some variability by sector. The multifamily sector has been far and away the largest representation among DST investments,” the structure of choice for today’s fractional ownership approach to 1031 property exchanges.
InPoint Upsizes and Prices $87.5 Million Series A Preferred Stock Offering
The DI Wire September 16, 2021InPoint Commercial Real Estate Income Inc., a commercial mortgage non-traded real estate investment trust, has priced its underwritten public offering of 3.5 million shares of 6.75% Series A Cumulative Redeemable Preferred Stock at $25.00 per share.