Inland Private Delivers 192% Total Return to Investors with Latest Full-Cycle DST Program

Inland Private Capital Corporation, a sponsor of securitized 1031 exchange and other investment programs, announced the sale of a BJ’s Wholesale Club property located in Gainesville, Virginia.

IPC, through its subsidiary that serves as asset manager, facilitated the sale of the property on behalf of DC MSA Retail DST, one of Inland Private’s 1031 investment programs.

The sale resulted in a total return to investors of 192% of their original investment, according to the company.

The single-story, 76,267-square-foot retail building is located at 5100 Wellington Road and was acquired by Inland Private in 2012. The property is 100% leased to BJ’s Wholesale Club Inc., a membership-only warehouse club chain based in Westborough, Massachusetts, which primarily operates on the East Coast of the United States.

“Warehouse clubs have performed incredibly well since the onset of the pandemic and have cemented their importance in the retail landscape,” said Dan Zatloukal, executive vice president, head of asset management at Inland Real Estate Investment Corporation. “This has led to increased investor demand which we were able to capitalize to provide another profitable disposition for our investors.”

Since 2021, Inland Private has monetized more than $2.2 billion in real estate on behalf of its 1031 exchange platform.

As The DI Wire reported, IPC recently completed the development of a 765-unit self-storage property in an opportunity zone in Racine, Wisconsin.

Inland Private Capital Corporation specializes in offering multiple-owner, tax-focused, private placement investments as well as qualified opportunity zone investments throughout the U.S. Since inception, Inland Private has monetized more than $3.7 billion in full-cycle transactions on behalf of its investors and currently manages a portfolio of more than $12 billion across several asset classes spanning 43 states.

As of Sept. 30, 2022, the firm had sponsored 301 private placement real estate offerings, with investments and developments in the multifamily, self-storage, hospitality, healthcare, student housing, retail, corporate office, senior living and industrial sectors.

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