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Inland Securities Appoints Rick Martens as Senior Vice President – External Wholesaler
The DI Wire March 15, 2018Inland Securities Corporation has hired J. Rick Martens as senior vice president – external wholesaler. Martens will focus on building relationships with current and new financial advisors in Florida, Puerto Rico, and the Virgin Islands.
Read More >Inland Real Estate Acquisitions, LLC Acquired Eight Multifamily Properties in Colorado in 2017
Mile High CRE March 13, 2018Inland Real Estate Acquisitions, LLC, negotiated and closed the purchase of eight multifamily properties in Colorado throughout 2017 on behalf of Inland-related parties. The acquisitions total 2,199 units for a total cumulative purchase price of approximately $509 million. Matthew Tice and Mark Cosenza, both senior vice presidents of Inland Real Estate Acquisitions, LLC, are responsible for completing the purchases on behalf of the various Inland affiliates.
Read More >Inland Private Sells Lakeshore Pearl Apartments in Austin, Texas
The DI Wire March 7, 2018Inland Private Capital Corporation, a sponsor of 1031 tax deferred exchanges, has sold the 230-unit Lakeshore Pearl Apartments located in Austin, Texas on behalf of one of its 1031 investment programs.
Read More >Austin Community Sale Brings Investors Solid Rate of Return
Multi-Housing News March 7, 2018“Austin Lakeshore Multifamily DST was another successful full-cycle transaction on our multifamily investment platform for IPC’s investors,” Keith Lampi, president & COO of Inland Private Capital Corporation, said in a prepared statement. “We purchased the property in 2015, and it provided consistent income and a substantial profit on sale, resulting in a 10.9 percent average annualized return to investors.”
Read More >ADISA Announces 2018 President-Elect and Officers
The DI Wire March 5, 2018ADISA, a trade association for the alternative and direct investment space, announced that its 2018 officers were selected at its first board of directors meeting of the year. Keith Lampi of Inland Private Capital Corporation begins his term as the 2018 ADISA president (having been elected president-elect in 2017).
Read More >InPoint Commercial Real Estate Income Secures $250 Million Credit Facility
The DI Wire February 20, 2018InPoint Commercial Real Estate Income, Inc., a commercial mortgage real estate investment trust, has established a credit facility of up to $250 million. The credit facility allows InPoint to finance first mortgage loans on behalf of the company and its investors.
Read More >InPoint Commercial Real Estate Income Announces Credit Facility of up to $250 Million
Real Assets Adviser February 20, 2018InPoint Commercial Real Estate Income, Inc., a commercial mortgage real estate investment trust sub-advised by an affiliate of Sound Point Capital Management, announced through its operating partnership, the company established a credit facility of up to $250 million.
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