Inland Residential to Stop Accepting Subscriptions on December 31

Inland Residential Properties Trust, Inc., a publicly registered non-traded real estate investment trust, will stop accepting subscription agreements after December 31, 2017, according to a filing with the Securities and Exchange Commission.

The REIT plans to continue offering shares under its distribution reinvestment plan after the termination of the primary offering in February 2018 – three years after the registration was declared effective by the SEC.

Inland Residential Properties Trust’s $1 billion offering was declared effective in February 2015 and has raised approximately $47 million in investor equity, according to Summit Investment Research. The company invests in multifamily properties located primarily in the top 100 U.S. metropolitan statistical areas, and as of the third quarter 2017, owns three multifamily properties totaling $104.5 million.

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