Inland Group Files New Non-Traded REIT Offering

One of the country’s largest commercial real estate and finance groups, the Inland Group, has plans for a new offering according to a recent SEC filing. Sponsored by Inland Real Estate Investment Corporation, Inland Residential Properties Trust plans to raise up to $1 billion as a non-traded REIT.

The company intends to acquire a portfolio of multifamily properties located primarily in the top 100 metropolitan statistical areas throughout the United States and will mostly consist of stabilized Class A and B properties.

According to the filing, the company will focus on multifamily properties because, “…research indicates that, over the last few years, the multifamily sector has experienced significant demand driven by the changing demographics of Baby Boomers and Millennials.”

Headquartered in Oak Brook, Illinois, the Inland Group has sponsored six other REITs.

Inland companies have a combined total of $16.4 billion in assets across 49 states and manage over 65.1 million square feet of commercial real estate in various portfolios.