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2018 Commercial Real Estate Hall of Fame: Catherine Lynch
Midwest Real Estate News January 28, 2019Midwest Real Estate News recognized Catherine Lynch, chief financial officer of Inland Real Estate Investment Corporation, in its 2018 Commercial Real Estate Hall of Fame. As CFO, Lynch is responsible for overseeing all financial activities, including financial reporting, budgeting and acquisition finance structuring, as well as partnering with the executive leadership teams on strategic planning.
Read More >The Apartment Report
Crittenden Research January 28, 2019The Inland Real Estate Group, LLC expects to buy more than $800 million in multifamily assets in addition to investing in other property types, says Joe Cosenza, vice chairman of The Inland Real Estate Group and president of Inland Real Estate Acquisitions, LLC. Also expect there to be more concessions in 2019 in the multifamily market as everyone is competing for the same people to rent.
Read More >Inland Private Capital’s Keith Lampi Shares Outlook for 1031 Industry
The DI Wire January 18, 2019Fresh off another record-breaking year, Inland Private Capital Corporation (IPC) remains the industry leader in securitized 1031 exchange transactions. And Keith Lampi, president, director and chief operating officer of IPC, believes 2019 will be another active year for the industry. “As we enter 2019, I see continued growth in investor demand and additional expansion in product diversity,” said Lampi. “Strength in asset pricing coupled with a product’s strategic play on demography will have a key role in sustainable growth in investor demand.” Lampi believes the aging Baby Boomer cohort of investors has demonstrated an increasing desire to sell highly appreciated properties that had been actively managed, and exchange proceeds into a passive ownership vehicle, which is a financial planning phenomenon that should drive investor appetite for securitized 1031 product for many years to come.
Read More >Home2 Suites to Open This Week in Holland Township
Holland Sentinel January 9, 2019After nearly a year of planning and construction, Holland’s new Home2 Suites hotel will open Thursday. Developed by Inland National Development Company, LLC, the hotel is located at 3140 West Shore Drive and features 109 suites with lifestyle-focused amenities and separate living and bedroom space. Each room has a kitchen with a refrigerator, dishwasher, microwave oven and coffee maker.
Read More >HFF Announces Sale of Luxury Mixed-use Property in Chicago’s North Shore
REjournals January 9, 2019Holliday Fenoglio Fowler, L.P. (HFF) announced the sale of The Commons at Town Center, a boutique luxury residential and retail property in the affluent North Shore community of Vernon Hills, Illinois. The HFF team marketed the property on behalf of the seller, Inland Residential Properties Trust, Inc. (a member company of The Inland Real Estate Group of Companies, Inc.), and procured the buyer, FPA Multifamily, LLC.
Read More >Redevelopment of Workforce Housing
National Real Estate Investor January 2, 2019There has been a heavy focus on the multifamily housing market and various analyses have attempted to determine where the product is in the business cycle. However, one segment of the multifamily market that is commonly overlooked is workforce housing. Art Rendak, president of Inland Mortgage Capital, LLC, shares more on workforce housing in the 2019 National Real Estate Investor Market Outlook (page 32).
Read More >Inland Residential Sells Illinois Multifamily Property for $24.6 Million
The DI Wire December 28, 2018Inland Residential Properties Trust, Inc., a publicly registered non-traded real estate investment trust, has completed the sale of “The Commons at Town Center,” an 85-unit multifamily community located in Vernon Hills, Illinois, for approximately $24.6 million.
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