Inland Fully Subscribes $37M Self-Storage DST
Inland Private Capital Corporation (IPC) completed a more than $37 million capital raise for the private investment offering of IPC Self-Storage Portfolio XXI DST. The offering has been fully subscribed by investors and is now closed.
The DST owns two self-storage properties totaling 1,618 units in New Jersey and Wisconsin. The properties operate under the Devon Self Storage brand name.
“The durability, secular and demographic tailwinds continue to support our high conviction and long-term outlook for the self-storage sector,” said Nati Kiferbaum, SVP – head of investment product strategy at Inland Private Capital Corporation.
IPC’s current self-storage portfolio spans more than $1.7 billion in assets under management. The portfolio was comprised of 182 properties across 30 states, totaling 97,120 units, as of June 30.
Last month, IPC announced it fully subscribed a more than $72 million capital raise for the private investment offering of Glendale BTR DST. In August, the firm completed a capital raise of more than $54 million for the private investment offering of Fort Myers BTR DST, and in July it announced the completion of a $76.7 million capital raise for its Minneapolis MSA Senior Living Portfolio DST.
Oak Brook, IL-based IPC specializes in multiple-owner, tax-focused, private placement investments including Qualified Opportunity Zone investments throughout the U.S. Since inception, IPC has monetized more than $4.7 billion in full-cycle transactions. Currently, IPC manages a portfolio of more than $12.3 billion across several asset classes spanning 43 states.
