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Inland Fully Subscribes Minnesota-Based $76.7 Million Senior Living DST

Inland Fully Subscribes Minnesota Based 767 Million Senior Living DST Inland Inland Private Capital Corporation equity Delaware statutory trust DST senior living senior housing Minnesota Waters capital raise

Inland Private Capital Corporation, a real estate investment manager, has completed a $76.7 million capital raise for the private investment offering of Minneapolis MSA Senior Living Portfolio DST, an Inland Private Capital-sponsored Delaware statutory trusts. The offering has been fully subscribed by investors and is now closed.

The DST owns three senior living communities, comprised of 321 total units located in Minneapolis, Minn., and surrounding suburbs: The Waters of Edina in Edina, The Waters on 50th in Minneapolis, and The Waters of Plymouth in Plymouth.

“The current and foreseeable senior housing shortage underscores a significant supply-demand imbalance,” commented Nati Kiferbaum, senior vice president, head of investment product strategy for Inland Private Capital. “An imbalance of such magnitude, coupled with demographic tailwinds, is anticipated to continue to support our view and investment in the sector.”

In March 2024, Inland Private Capital fully subscribed Illinois-based Algonquin Senior Living DST following a $46 million capital raise.

To date, Inland Private Capital’s senior living portfolio consists of 1,273 units and a total of nine communities across Arizona, Illinois, Kansas, Minnesota, and Missouri.

Headquartered in Oak Brook, Ill., Inland Private Capital specializes in offering multiple-owner, tax-focused, private placement investments including qualified opportunity zone investments throughout the nation. Since inception, Inland Private Capital has monetized more than $4.7 billion in full-cycle transactions on behalf of its investors. Currently, it manages a diverse portfolio of more than $12.2 billion across several asset classes spanning 43 states.

Inland Private Capital Corporation is a member company of alternative investment management firm, The Inland Real Estate Group of Companies Inc. As of March 31, 2024, the firm had sponsored 315 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.

For more Inland Private Capital news, please visit their directory page.