Inland Fully Subscribes $76.7M Minnesota Senior Living DST
Inland Private Capital Corporation, an Oak Brook, IL-based real estate investment manager, has completed a $76.7 million capital raise for the private investment offering of Minneapolis MSA Senior Living Portfolio DST, an IPC-sponsored Delaware statutory trust. The offering has been fully subscribed and is now closed.
The DST owns three senior living communities comprised of 321 units in Minneapolis, MN and surrounding suburbs, including The Waters of Edina (6300 Colonial Way), The Waters on 50th (3500 West 50th Street), and The Waters of Plymouth (11305 Highway 55).
“The current and foreseeable senior housing shortage underscores a significant supply-demand imbalance,” said Nati Kiferbaum, SVP – head of investment product strategy for IPC. “An imbalance of such magnitude, coupled with demographic tailwinds, is anticipated to continue to support our view and investment in the sector.”
To date, IPC’s senior living portfolio includes 1,273 units and nine communities in Arizona, Illinois, Kansas, Minnesota, and Missouri.
IPC specializes in offering 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 over $12.2 billion across several asset classes spanning 43 states.
Pictured: The Waters of Edina