Inland Private and Devon Self Storage Create Opportunity Zone Investment Partnership

Inland Private Capital Corporation, a sponsor of tax-focused alternative investment offerings, has partnered with Devon Self Storage to redevelop and operate self-storage properties located in opportunity zones across the country.

Inland Private Capital Corporation, a sponsor of tax-focused alternative investment offerings, has partnered with Devon Self Storage to redevelop and operate self-storage properties located in opportunity zones across the country.

Through five different partnerships, Inland Private’ self-storage portfolio currently has more than $740 million in assets under management, consisting of 124 properties with roughly 59,000 units across 15 states. The company noted that Devon currently manages a “significant portion” of its portfolio.

Speaking on the “resiliency” of the self-storage sector, “even during economically challenging times,” Inland Private’s president and chief operating officer Keith Lampi, said “We believe the self-storage sector’s adaptability and lower correlated economic demand drivers position it well to achieve risk-adjusted returns.”

Since inception, Devon has been involved with more than $2.5 billion in self-storage transactions, having owned, developed and managed more than 180 facilities in 24 states and three European countries.

Inland Private specializes in offering tax-focused, private placement investments, as well as qualified opportunity zone investments throughout the U.S. The company currently manages a portfolio of more than $8 billion across several asset classes spanning 43 states.

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