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Inland Private Capital Corporation Launches Self-Storage Platform

Inland Private Capital Corporation, a sponsor of 1031 tax deferred exchanges, has partnered with Metro Storage LLC, a privately owned self-storage operating company, to launch a new investment platform focused on acquiring, owning and managing self-storage properties across the nation.

Metro Storage LLC specializes in the development, construction, acquisition, and management of self-storage facilities in the USA and Brazil. The company built its first self-storage facility in 1973 and currently has more than $1 billion of assets under management.

According to a statement issued by Inland Private, Metro has an established national management footprint, with in-place acquisitions and property management expertise that will allow IPCC to deliver best-in-class service through the ownership and management of self-storage properties.

“Strong operating fundamentals and low capital expenditures make the self-storage sector a desirable asset class for IPCC,” said Keith Lampi, president and chief operating officer of IPCC. “Given where we are in the current economic cycle, we believe the sector strikes a healthy balance of achieving stable long-term income and capital preservation. We are thrilled to enter the marketplace with an operating partner that shares a common corporate directive focused on creating and delivering value to investors.”

Inland Private Capital Corporation offers replacement property investments for persons participating in a 1031 tax deferred exchange, as well as opportunities for accredited investors who are seeking a real estate investment. As of December 31, 2015, IPCC has sponsored 182 private placement programs. The 182 private placement programs include 451 properties, comprised of more than 26 million square feet of gross leasable area, and more than 6,800 residential units for an aggregate offering price in excess of $5.3 billion.

Visit Inland Private Capital Corporation in The DI Wire’s directory here.