Oak Brook, Ill. – Inland Real Estate Investment Corporation ("Inland Investments"), an industry-leading, vertically integrated real estate investment and finance company with over $16 billion in assets under management, announced the completion of the $83.6 million equity raise for this private investment offering, Union Multifamily DST (the "DST"), a Delaware statutory trust sponsored by Inland Private Capital Corporation. The offering has been fully subscribed by investors and is now closed.

The DST owns Summit Court Apartments ("Summit Court"), a Class A multifamily community located at 1720 Patriot Way in Union Township, New Jersey. Developed in two phases, initial construction of the property was completed in 2018 and a second phase delivered in 2023. The property consists of 393 apartment homes across three residential buildings and a clubhouse, offering a mix of one-, two- and three-bedroom floor plans designed for modern living.

Summit Court features a comprehensive suite of upscale amenities, including a resort-style outdoor pool and sundeck, a fitness center with streaming exercise options, a clubhouse with catering kitchen and game room, landscaped courtyards with firepits and lounge seating, a pet grooming room, electric vehicle charging stations, private garages and resident storage areas. Apartment interiors include nine-foot ceilings, in-home washers and dryers, smart-lock entry, stainless steel appliances, quartz countertops and private balconies in select residences.

“Summit Court exemplifies the high-quality, well-located multifamily communities we continue to target,” said Matthew Fries, chief executive officer and president of Inland Investments. “Located just 25 minutes from Manhattan, the property offers residents convenient transit access, proximity to major employment hubs and a modern amenity set that aligns with today’s renter preferences. These attributes position Summit Court to support sustained demand in northern New Jersey.”

The community is located in Union Township, approximately 20 miles southwest of New York City, and provides residents with convenient access to NJ Transit bus and rail service, including nearby Union and Roselle Park train stations. Summit Court is also well positioned near major transportation corridors, including the New Jersey Turnpike, Garden State Parkway, Interstate 78 and Interstate 278, and is approximately seven miles from Newark Liberty International Airport. Nearby employment and education anchors include Kean University, regional healthcare providers and retail centers.

Inland Investments specializes in offering public and private, tax-advantaged growth and income real estate solutions spanning virtually every sector of the commercial real estate market. Inland member companies have facilitated more than $56 billion in acquisitions since inception and currently manage a diverse real estate portfolio of approximately $16 billion across 42 states.

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About Inland Real Estate Investment Corporation

Inland Real Estate Investment Corporation (“Inland Investments”), headquartered in Oak Brook, IL, is an industry-leading real estate investment manager and a member company of The Inland Real Estate Group of Companies, Inc. (“Inland”), one of the nation’s largest commercial real estate and finance groups. Inland Investments specializes in offering public and private tax-advantaged, growth and income real estate solutions spanning virtually every sector of the commercial real estate market. Since 1968, Inland has engaged in the diverse facets of real estate, including property management, leasing, marketing, acquisition, real estate brokerage, development, redevelopment, construction, real estate financing and other related services, including a dedicated research team. Inland member companies have facilitated more than $56 billion in acquisitions since inception and currently manage a diverse real estate portfolio of approximately $16 billion across 42 states. Past performance is not a guarantee of future results.