Inland Expands Senior Living Portfolio, Raising $56M for Minnesota DST

Inland Real Estate Investment Corporation, or Inland Investments, a real estate investment manager with over $16 billion in assets under management, has completed a capital raise exceeding $56 million for its private investment offering Minneapolis MSA Senior Living Portfolio II DST, a Delaware statuary trust offering launched in October 2024 sponsored by Inland Private Capital Corporation.

Minneapolis MSA Senior Living Portfolio II DST owns two Class A senior living communities, Kingsley Shores & Place Senior Community in Lakeville and Savage Senior Living at Fen Pointe in Savage, providing 278 total units located in the Minneapolis area.

According to Inland Investments, these senior living communities are well-leased independent living, assisted living, and memory care communities with modern amenities designed to provide carefree and active living. Each community is conveniently situated near a variety of retailers, restaurants, coffee shops, several golf courses, parks, and recreational areas.

Both communities offer a variety of amenities and services that cater to resident needs, including a full-service restaurant and café, a movie room, library, state-of-the-art exercise equipment, laundry facilities and outdoor spaces with walking paths. The communities also provide residents with the opportunity to partake in wellness/educative programs, enriching health activities, lunch outings and various therapy programs.

“Demographic tailwinds such as aging baby boomers, increased longevity, and shifting preferences continue to make the senior living sector a high conviction investment focus for us,” said Nati Kiferbaum, chief strategy officer of Inland Investments. “With the supply/demand gap as wide as it is, we believe we are entering the golden years for the asset class.”

Inland Investments’ current senior living portfolio spans more than $798.7 million in assets under management. The portfolio is comprised of 15 properties in Arizona (2), Illinois (2), Kansas (1), Michigan (1), Minnesota (6), Missouri (2), and Tennessee (1) – all totaling 2,334 units.

Earlier this year, AltsWire interviewed Phil McAlister, senior vice president, head of research at Inland Private Capital Corporation, as part of its “Five Questions for…” series. Responsible for crafting Inland’s proprietary research including macro-level economic trends and sector-specific research, as well as research supporting market and submarket selection and individual asset selection, we asked McAlister to discuss trends and opportunities related to senior housing in America.

Headquartered in Oak Brook, Ill., Inland Real Estate Investment Corporation, i.e., Inland Investments, 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 $16 billion across 42 states.

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