PRESS ROOMNEWS RELEASE

Inland Awarded Third Party Property Management Agreements for Five Residential Communities in Oklahoma City MSA

Oak Brook, Ill. – Inland Property Management and Leasing Companies (“IPM”), the property management and leasing affiliate entities of The Inland Real Estate Group of Companies, Inc. were awarded the property management and leasing for five Oklahoma City metropolitan area residential communities totaling more than 930 apartments. Three of the residential communities are in Oklahoma City and two are in Norman. All five properties are owned by T2 Capital and Menora Financial. 

“We believe Inland’s breadth of experience and innate focus on all aspects of the real estate, particularly the training and development of employees is second to none,” commented Shalom Menora, principal at Menora Financial. “Inland invests in their teams, from the associates in the office to the associates in maintenance Inland ensures every associate is knowledgeable and well supported to provide the best experience possible, which is why we chose Inland.”

During the short time the five Oklahoma City area residential communities have been managed by Inland, the occupancy and leasing have increased by 5.3% and 8.4% respectively during what is traditionally the slowest time of the year.

The Oklahoma City properties include Diamond Ridge Apartments, offering 88 one- and two-bedrooms; Diamond Lake Apartments, offering 252 one- and two-bedrooms; and Diamond Trail Apartments offering 234 one-, two- and three-bedrooms.

The Norman properties include Diamond Crest Townhomes, offering 112 two-bedrooms and Diamond Creek Apartments, offering 248 one- and two-bedrooms.

“Our priority is to manage and improve each asset with best-in-class operational efficiencies, and to drive maximum returns to property owners as their preferred third-party property manager,” commented Niall Byrne, president of Inland Property Management and Leasing Group, Inc. “Inland has owned and managed properties in 49 states across an array of property sectors in multifamily, retail, medical outpatient facilities, manufactured housing and can seamlessly leverage our market knowledge and multi-disciplinary teams to assume the day-to-day responsibilities that benefit the residents, tenants, investors and property owners for maximum benefit.”

Inland Property Management and Leasing Companies currently manage 21,000 apartments in 21 states across build-to-rent residential communities, luxury apartments, work force housing, conventional residential housing, new developments and manufactured housing. IPM also manages 18.8 million square feet of commercial property in 40 states, including single-tenant and multi-tenant retail, industrial and medical outpatient facilities.

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About Inland Property Management and Leasing Companies
Inland Property Management and Leasing Companies, (“IPM”) refers to a number of affiliate entities (including but not limited to Inland Property Management and Leasing Group, Inc.) that offer management and leasing services to third parties and properties owned by companies that are part of The Inland Real Estate Group of Companies, Inc. or entities sponsored by such companies.  The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and finance groups, is comprised of a group of independent legal entities (including Inland Property Management and Leasing Companies) some of which may be affiliates, share some common ownership or have been sponsored and managed by such entities or subsidiaries thereof (collectively, “Inland”).  With a national reach, IPM currently manages over 405 properties in 42 states, across all major asset types, including multifamily, retail, manufactured housing, medical outpatient facilities, industrial and boutique office.