Inland Fully Subscribes $46M Illinois Senior Living DST Offering

Inland Private Capital Corporation (IPC), a real estate investment manager, has completed a more than $46 million capital raise for the private investment offering of Algonquin Senior Living DST, an IPC-sponsored Delaware statutory trust.

The DST owns a Class A, private pay, 186-unit senior living community in Algonquin, IL. The community consists of independent living, assisted living, and memory care units. The offering has been fully subscribed and is now closed.

“While several factors are driving senior living demand growth, the aging U.S. population is increasing the need for communities and services,” said Nati Kiferbaum, SVP – head of investment product strategy for IPC.

IPC’s senior living portfolio currently includes 1,273 units across nine communities in Arizona, Illinois, Kansas, Minnesota, and Missouri.

IPC, headquartered in Oak Brook, IL, specializes in multi-owner, tax-focused private placement investments, including Qualified Opportunity Zone investments across the U.S. Since its inception, IPC has monetized over $3.9 billion in full-cycle transactions. The firm currently manages over $12.2 billion in various asset classes across 43 states.

The firm had sponsored 313 private placement real estate offerings, including investments and developments in the multifamily, self-storage, hospitality, healthcare, student housing, retail, corporate office, senior living, and industrial sectors. as of December 31, 2023.

Pictured: Algonquin Senior Living, Algonquin, IL