Inland Real Estate Investment Corporation held the successful close of a $57 million capital raise for its Minneapolis MSA Senior Living Portfolio II DST, a Delaware statutory trust sponsored by Inland Private Capital Corporation. The offering is now fully subscribed. 

The DST owns two Class-A senior living communities in the Minneapolis metropolitan area—Kingsley Shores & Place Senior Community in Lakeville and Savage Senior Living at Fen Pointe in Savage—offering a combined 278 units tailored to independent living, assisted living, and memory care residents. 

“Demographic tailwinds such as aging baby boomers, increased longevity, and shifting preferences continue to make the senior living sector a high-conviction investment focus for us,” said Nati Kiferbaum, Chief Strategy Officer at Inland Investments. “With the supply/demand gap as wide as it is, we believe we are entering the golden years for the asset class.” 

The raise reinforces growing investor appetite for senior housing, a sector increasingly seen as resilient to economic cycles due to secular demand drivers. Inland Investments now manages over $798.7 million in senior living assets across 15 properties in seven states, including six in Minnesota alone, totaling 2.334 units. 

Inland member companies have facilitated more than $55 billion in real estate acquisitions since inception and currently manage a diversified portfolio of $16 billion across 42 states. 

Pictured: Kingsley Shores & Place Senior Community in Lakeville