PRESS ROOMNEWS RELEASE
Inland is the First DST Company to Join The Real Estate Roundtable 1031 Like-Kind Exchange CoalitionMarch 11, 2021
Oak Brook, Ill. – The Inland Real Estate Group of Companies, Inc. (“Inland”), one of the nation’s largest commercial real estate and finance groups, has joined The Real Estate Roundtable’s (“RER”) Real Estate Like-Kind Exchange Coalition. Inland’s member company, Inland Private Capital Corporation (“IPC”), specializes in offering securitized 1031 tax-free exchange investments and has $9 billion in assets under management. IPC has sponsored 266 programs, including Delaware statutory trusts and other private placement programs.
“Inland is the first DST company to join the The Real Estate Roundtable’s Real Estate Like-Kind Exchange Coalition and we are thrilled to have their support,” said Jeff DeBoer, CEO of The Real Estate Roundtable. “The coalition’s mission is centered on helping to preserve this vital provision in our tax code, which has been an economic driver for America over the last century.”
The Real Estate Roundtable unites leaders of the nation’s top publicly-held and privately-owned real estate ownership, development, lending and management firms with the leaders of major national real estate trade associations to jointly address key national policy issues relating to real estate and the overall economy. One such policy issue is the current administration’s proposed review of the 1031 exchange.
“The 1031 exchange fuels employment, gross domestic product growth and real estate market liquidity, creating a healthier overall economy,” commented Tony Chereso, president and CEO of the Institute for Portfolio Alternatives (“IPA”). “IPC is the 1031 exchange market leader and joining The RER’s Real Estate Like-Kind Exchange Coalition speaks to their commitment to the industry. As the sole association member of The RER’s President Council representing the Portfolio Diversifying Investments Industry, IPA welcomes IPC’s influential voice to advocacy initiatives focused on 1031 issues. We look forward to continued advocacy work with IPC and other RER members to protect this important piece of tax code, which has been an economic engine for more than 100 years.”
About The Inland Real Estate Group of Companies, Inc.
The Inland Real Estate Group of Companies, Inc., headquartered in Oak Brook, Illinois, is one of the nation’s largest commercial real estate and finance groups. The Inland Real Estate Group of Companies, Inc. is comprised of independent legal entities, some of which may be affiliates, share some common ownership or have been sponsored and managed by such entities or subsidiaries thereof. Inland has been creating, developing and supporting real estate-related companies for more than 50 years.