Inland Delivers 1.6x Equity Multiple to Investors With Colorado Disposition
Real estate investment manager Inland Real Estate Investment Corporation, or Inland Investments announced the sale of Solaire Apartments, a 252-unit multifamily community located in Brighton, Colo. Inland Private Capital Corporation, or IPC, acquired Solaire Apartments in November 2016 on behalf of Brighton Multifamily DST for $57.5 million.
IPC reported that the sale resulted in a realized net equity multiple to investors of 1.6x.
The property was sold to The Milestone Group, a Dallas-based real estate investment firm, for an undisclosed sum. A nearby 288-unit property similar to Solaire sold in August 2019 for $72 million.
The initial equity raise from accredited investors was approximately $24.1 million and occurred between December 2016 and July 2017.
Constructed in 2013 and located at 1287 South Eighth Avenue in Brighton, Solaire Apartments consists of approximately 16.38 acres of land with 11 three-story residential apartment buildings and a single-story clubhouse building.
Community amenities include a fully equipped 24-hour fitness center, a resort-style pool with a hot tub and lounge area, outdoor BBQ grilling stations, a fire pit, a dog park, and playground area. According to Inland Investments, the property also sits on one of the largest geothermal energy systems in the nation, saving residents on heating and cooling charges.
As of the date of the sale, Solaire Apartments was approximately 96% occupied.
“We are pleased with the performance we were able to deliver to our investors,” said Dan Zatloukal, head of asset management for Inland Investments. “After managing stable performance throughout the eight-year hold period, our exit strategy provided a strong backend profit, and positive overall outcome.”
Similar to many of IPC’s previous dispositions, this transaction provided liquidity to investors, while also providing investors with the option to utilize their sales proceeds to complete a subsequent tax-deferred exchange. IPC’s current portfolio of multifamily assets spans more than $4.8 billion as of Dec. 31, 2024.
Last summer, AltsWire reported the IPC disposition of Uptown Square, an off-campus student housing property in San Marcos, Texas. IPC facilitated the sale of the property on behalf of San Marcos Student Living DST, one of Inland Private Capital’s 1031 investment programs, and the sale resulted in an equity multiple to investors of 1.48x. The initial equity raise from accredited investors was approximately $24.3 million and occurred between January and September 2016.
IPC specializes in offering multiple-owner, tax-focused, private placement investments including qualified opportunity zone investments. Since inception, IPC has monetized more than $5.1 billion in full-cycle transactions on behalf of its investors. Currently, it manages a diverse portfolio of more than $12.7 billion across several asset classes spanning 40 states.
In January 2025, Inland Investments announced an updated executive structure to unify leadership and streamline operations throughout its subsidiaries including IPC, Inland Venture Partners, and Inland Securities Corporation. The changes included Nati Kiferbaum promoted to chief strategy officer, and Rahul Sehgal promoted to chief operating officer. This followed Keith Lampi’s appointment to president and chief executive officer of Inland Investments, as well as IPC.
Headquartered in Oak Brook, Ill., Inland Real Estate Investment Corporation is a real estate investment manager and a member company of The Inland Real Estate Group of Companies Inc., one of the nation’s largest commercial real estate and finance groups. Inland Investments specializes in offering public and private tax-advantaged, growth and income real estate solutions spanning virtually every sector of the commercial real estate market. Since inception, Inland has engaged in real estate, including property management, leasing, marketing, acquisition, real estate brokerage, development, redevelopment, construction, real estate financing and other related services. Inland member companies have facilitated more than $55 billion in acquisitions since inception and currently manage a diverse real estate portfolio of approximately $17 billion across 43 states.
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