Inland Fully Subscribes $26M Indiana Student Housing DST Offering
Inland Private Capital Corporation (IPC), a real estate investment manager, has raised more than $26 million for Irish Row Student Housing DST, an IPC-sponsored Delaware statutory trust (DST). The offering was fully subscribed and is now closed.
The DST owns Irish Row Apartments, a 326-bed, 127-unit student housing property in South Bend, IN, that serves University of Notre Dame students.
“Inland continues to be acutely focused on acquiring quality student housing properties at Tier 1 universities,” said Nati Kiferbaum, SVP – head of investment product strategy at IPC. “The sector’s durability, tailwinds, and strong property fundamentals are on full display, and we anticipate this will continue despite the uncertain macroeconomic backdrop.”
As of December 2023, Irish Row Apartments was 98% occupied and 75% pre-leased for the 2024-2025 academic year, according to IPC. To date, IPC’s student housing portfolio includes 8,014 beds across 17 properties around the country.
IPC specializes in multiple-owner, tax-focused, private placement investments including Qualified Opportunity Zone investments throughout the U.S. Since inception, the firm has monetized more than $3.9 billion in full-cycle transactions. Currently, IPC manages a portfolio of more than $12.2 billion across several asset classes spanning 43 states.
Pictured: Irish Row Apartments, South Bend, IN