Inland Private Capital Corporation (IPC) would like to thank our distribution partners for their trust and confidence. Achieving our seventh consecutive year of growth would not be possible without you.
IPC’s 2019 notable achievements
Assets Under Management (AUM) increased to $7.8 billion, which includes a diverse national footprint of properties, spanning 43 states across various sectors.
Monetized more than $800 million in assets, which included 26 property dispositions across 22 offerings, generating a weighted average rate of return (ARR)* of approximately 7%. This was IPC's most active year in full-cycle activity, which provided investors an opportunity for liquidity, as well as the option to redeploy capital and achieve greater portfolio diversification.
Brought 24 offerings to market, representing a total of $1.8 billion and raised more than $904 million in capital, with 21% growth over 2018 and 17% growth over 2017.
Further diversified AUM by investing in the senior living and hospitality sectors, in addition to student housing, multifamily and healthcare related assets, and took steps to further increase our self-storage investment activity.
Formed strategic relationships with management operators in hospitality, senior living and self-storage sectors, underscoring IPC’s commitment to these sectors.
Successfully launched a new product line for properties located in Qualified Opportunity Zones (QOZs). IPC raised over $46 million in equity as part of this product line.
Moving into 2020, IPC intends to remain steadfast in serving its client base by providing access to innovative product strategies that strike a balance of capital preservation, income, growth and tax efficiency. In addition to our ongoing commitment to the multifamily sector, we plan to further expand our investment activity in the senior living, student housing, self-storage and hospitality sectors, as well as within our current QOZ product line.
The entire IPC team looks forward to a great year ahead and values the support of our partners.
