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Inland Announces Strategic Relationship with Sound Point

Inland Real Estate Investment Corporation, one of the nation’s largest sponsors of non-traded real estate investment trusts, has formed a strategic relationship with Sound Point Capital Management, an alternative credit strategies firm. Sound Point, through a newly-created affiliate, will serve as sub-advisor for an Inland investment product.

Although the name of the investment product was not disclosed in the company’s announcement, a $500 million private placement offering called InPoint Commercial Real Estate Income was filed with the SEC in late November. The document names executives from both Inland and Sound Point and notes that a total of $478,000 has been raised by 15 investors, as of the filing date.

“We are excited to partner with Sound Point, given their well-respected and proven track record in credit strategies over multiple economic and market cycles,” said Mitchell Sabshon, president and chief executive officer of Inland Investments. “Through this partnership, we intend to create alternative income solutions that will help investors succeed in a broad array of economic, interest rate and credit environments.”

Sound Point was founded in 2008 by Stephen Ketchum, and oversees more than $10 billion in assets under management across a suite of credit products and manages money on behalf of institutions, pensions, foundations, insurance companies, wealth management firms, family offices and high-net worth individuals. Sound Point currently manages the top ranked mutual fund in the bank loan category over a three-year period, as determined by Morningstar.

As previously reported by The DI Wire, Inland’s new non-traded REITs will not charge any transaction fees, providing a lower, institutional-type structure to investors.

“We believe this fee structure will have a positive impact on entity-level performance and underscores Inland Investments’ commitment to standing shoulder-to-shoulder with our investors,” said Sabshon.

Inland Real Estate Investment Corporation is a sponsor of real estate securities and a part of The Inland Real Estate Group of Companies, one of the nation’s largest commercial real estate and finance groups. For more than 45 years, Inland has been engaged in various facets of real estate industry including property management, leasing, marketing, acquisition, real estate brokerage, development, redevelopment, construction, real estate financing and other related services.

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