Inland Private Capital Corporation Completes Its Largest DST Offering with a Multifamily Portfolio in Colorado

Portfolio Includes Three Class A Multifamily Apartment Communities in the Denver Area

OAK BROOK, Ill.--()--Inland Private Capital Corporation (“IPCC”) today announced that the private investment offering of the Colorado Multifamily Portfolio DST (the “Colorado DST”), an IPCC-sponsored Delaware statutory trust, has been fully subscribed by investors. The Colorado DST raised over $90 million in capital, and is the largest offering sponsored by IPCC to date.

The Colorado DST owns a portfolio of three Class A apartment communities featuring unique floor plans, premium amenities and located in upscale suburban communities: The Greens at Van de Water in Loveland, Colorado; Lake Vista at Centerra Apartments in Loveland, Colorado; and Arbour Square at Orchard Town Center in Westminster, Colorado.

“Bringing larger, more diversified DST offerings to market has been a strategic focus of IPCC,” said Keith Lampi, president and chief operating officer of IPCC. “These larger scale offerings generally allow for greater diversification and typically have a longer duration, providing independent broker dealers broader access to a quality solution for their investor base.”

“IPCC’s Colorado DST offering marks the largest securitized 1031 offering in our industry’s history,” said Taylor Garrett, managing director of Mountain Dell Consulting, a leading market research and analytics firm focused on the securitized 1031 exchange marketplace.

The Greens at Van de Water, Loveland

Located at 2900 Mountain Lion Drive, The Greens at Van de Water is a 252-unit multifamily complex. Built in 2012, the property is comprised of 10 buildings, consisting of nine three-story apartment buildings and one single-story clubhouse. The clubhouse features premium amenities including a theater room, cyber café, fitness center, barbeque area and resort-style pool and spa. Each apartment unit includes nine-foot ceilings, full-sized washers and dryers and a gourmet kitchen.

Lake Vista at Centerra Apartments, Loveland

Constructed in 2011 and located at 2235 Rocky Mountain Avenue, Lake Vista at Centerra Apartments is a 303-unit multifamily property. The complex is comprised of 17 three-story apartment buildings, one single-story clubhouse, four garage buildings, one pool equipment building and one garden shed. The clubhouse includes a theater room, fitness center, cyber café, commercial kitchen and resort-style pool and spa. The residential units feature premium amenities including nine-foot ceilings, patio and balcony decks with lake views, a gourmet kitchen and full-sized washers and dryers.

Arbour Square at Orchard Town Center, Westminster

Arbour Square at Orchard Town Center is a 300-unit apartment community located at 14770 Orchard Parkway. The property was built in 2011 and is comprised of seven three-story residential buildings and one four-story courtyard building. The property’s upscale amenities include a resort-style pool and spa, zen garden, golf simulator, theater room, cyber café, fitness room and a Sky Lounge with a terrace. Each apartment unit includes nine-foot ceilings, full-sized washers and dryers and a gourmet kitchen.

“The multifamily sector is experiencing significant demand driven by the changing demographics of millennials,” continued Lampi. “We were thrilled to offer such high quality real estate in the expanding Denver and Fort Collins areas, where job and income growth is expected to exceed regional and national averages.”

The Colorado properties are managed by Inland Residential Real Estate Services, LLC (“Inland Residential”), an affiliate of IPCC. Inland Residential currently manages 23 multifamily properties, with more than 5,500 apartment units, in seven states on behalf of IPCC, with a total aggregate value of approximately $1 billion. Inland Residential’s total portfolio under management includes 29 multifamily properties, with approximately 6,446 apartment units, in nine states.

About Inland Private Capital Corporation

Inland Private Capital Corporation, based in Oak Brook, Ill., offers replacement property investments for persons participating in a 1031 tax deferred exchange, as well as opportunities for accredited investors who are seeking a real estate investment. Inland Private Capital Corporation is a part of the Inland Real Estate Group of Companies, Inc., which is comprised of independent legal entities, some of which may be affiliates, share some common ownership or have been sponsored or managed by Inland Real Estate Investment Corporation or its subsidiaries. As of July 31, 2015, IPCC has sponsored 174 private placement programs. The 174 private placement programs include 431 properties, with over 23.87 million square feet of gross leasable area, for an aggregate offering price of more than $4.824 billion.

This communication is neither an offer to sell, nor a solicitation to buy any security sponsored by Inland Private Capital Corporation, which can be made only by the respective private placement memorandum and sold only by broker/dealers authorized to do so.

Contacts

Inland Marketing & Communications, Inc.
Alyssa Templeton, 630-218-2887
alyssa.templeton@inlandgroup.com

Release Summary

Inland Private Capital Corporation's (IPCC) private investment offering of the Colorado Multifamily Portfolio DST, an IPCC-sponsored Delaware statutory trust, has been fully subscribed by investors.

Contacts

Inland Marketing & Communications, Inc.
Alyssa Templeton, 630-218-2887
alyssa.templeton@inlandgroup.com