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Inland Private Capital Corporation, a sponsor of 1031 tax deferred exchanges, has sold two multifamily properties located in Fort Collins, Colorado for a combined $108.9 million. “These properties are ideally located in Fort Collins, one of the three fastest-growing metro areas in one of the nation’s fastest growing states,” said Keith Lampi, president and chief operating officer.
Inland Real Estate Income Trust, Inc., a publicly registered, non-traded real estate investment trust, has proposed a number of charter amendments to align it more closely with the charters of publicly traded REITs.
Inland Real Estate Acquisitions, LLC, the purchasing arm of The Inland Real Estate Group of Companies, Inc., has negotiated and closed more than 3,700 deals on behalf of Inland affiliates totaling more than $50 billion of commercial real estate across the nation since the company's inception. "Inland's 3,700 purchases are mostly individual transactions, which are rare for bigger companies," said Joe Cosenza, vice chairman of The Inland Real Estate Group, LLC and president of Inland Real Estate Acquisitions, LLC.
Real Assets Adviser takes a comprehensive look at the 1031 like-kind exchange program and the impact it has on commercial real estate. Inland Private Capital Corporation leads the way in 1031 transactions with 16% of 1031 market & market share. Keith Lampi, president and chief executive officer of Inland Private Capital Corporation, says overall performance of the sector this year has been “incredibly strong.” He notes, however, “There is some variability by sector. The multifamily sector has been far and away the largest representation among DST investments,” the structure of choice for today’s fractional ownership approach to 1031 property exchanges.
Inland Private Capital Corporation, a sponsor of 1031 tax deferred exchanges, has sold The Preserve at the Meadows, a 220-unit multifamily property located in Fort Collins, Colorado, for approximately $61 million. “Situated in the heart of the rapidly growing Fort Collins market, The Preserve at the Meadows provided IPC investors an opportunity to capitalize on the market’s robust growth and increased investor demand that has occurred over the past several years,” said Keith Lampi, president and chief operating officer of Inland Private Capital Corporation.
Christopher Todd Communities, one of the nation's leading innovators in the build-to-rent housing segment, sold two of their Phoenix metro single-story rental Communities. "We continue to see opportunities with assets located in Arizona due to the influx in population," commented Matthew Tice, senior vice president of Inland Real Estate Acquisitions, LLC. "Christopher Todd Communities represent the top tier of the single-family rental communities, and we are happy to own and manage so many of these properties. Our Inland affiliates now own and manage approximately $1 billion of commercial real estate in Arizona."
The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and finance groups, congratulates one of its member companies, Inland Private Capital Corporation, on its 20th anniversary. “IPC’s accomplishments throughout the last two decades are a testament to its leadership and employees,” said Daniel Goodwin, chairman and principal of The Inland Real Estate Group, LLC.