The Inland Real Estate Group of Companies Inc. reported that its sponsored real estate investment products collectively paid total distributions to investors of approximately $1.27 billion, raised $1.5 billion in new capital, and purchased $2.8 billion in commercial real estate assets in 2021.
“Even amid the ongoing pandemic, 2021 was a strong year for Inland,” commented Daniel L. Goodwin, chairman and chief executive officer of The Inland Real Estate Group. “We experienced growth in substantially all of our investment product lines.”
Inland paid total distributions to investors of approximately $1.27 billion, an increase of 29 percent compared to 2020.
The firm raised $1.5 billion in new capital across a range of investment products, including Delaware statutory trusts, qualified opportunity zones, real estate investment trusts, commercial real estate development joint ventures, and private placements, representing an aggregate 98 percent increase over 2020.
Inland purchased more than 100 commercial real estate properties located across the country in various asset classes, including multifamily apartments, single-family rental, self-storage, distribution centers, triple-net leased properties, student housing, senior living, necessity-based retail, manufactured housing and recreational vehicle parks.
Inland developed and sold new-construction multifamily properties for a total of $142 million. The company also reported that assets under management increased to approximately $12 billion across its programs.
“2021 was a year of successes for Inland,” added Keith Lampi, president and chief operating officer of Inland Private Capital Corporation. “In 2022, we look forward to building on our proven track record and continuing to provide the best-in-class real estate investment and property management to our investors, tenants and valued partners.”
Headquartered in Oak Brook, Illinois, Inland is one of the nation’s largest commercial real estate and finance groups.