Inland Delivers 1.4x Equity Multiple to DST Investors on Colorado Springs Multifamily Sale

Inland Private Capital Corporation recently sold Estate at Woodmen Ridge Apartment Homes in Colorado Springs, Colo. Through its subsidiaries which serve as asset managers, Inland facilitated the sale of the property on behalf of Colorado Springs Multifamily DST – one of Inland’s 1031 investment programs.

Inland reports that the sale resulted in an equity multiple to Delaware statutory trust investors of 1.4x (calculations are based on the aggregate amount of original capital invested in the property).

Estate at Woodmen Ridge, located at 5520 Woodmen Ridge View, consists of 260 units across 13 residential buildings. The property features a clubhouse with a fitness center, theater room, game room and business center as well as a swimming pool and spa, putting green, dog park, bike repair station, and outdoor fireplace. Estate at Woodmen Ridge was 93% occupied at the time of sale, according to Inland.

“We purchased the property in 2017, and through proactive asset management, the portfolio generated annual cash flow, plus a profit on sale, resulting in a 6% internal rate of return to investors,” said Keith Lampi, president and chief executive officer of Inland.

The transaction provided liquidity to investors, while also providing investors with the option to utilize their sales proceeds to complete a subsequent tax-deferred exchange. Inland’s current portfolio of multifamily assets spans more than $4.7 billion as of Dec. 31, 2023.

Inland Private Capital Corporation, headquartered in Oak Brook, Ill., specializes in offering multiple-owner, tax-focused, private placement investments including qualified opportunity zone investments throughout the United States. Currently, Inland manages a diverse portfolio of more than $12.2 billion across several asset classes spanning 43 states.

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