Inland Real Estate Investment Corp., a real estate investment manager with more than $16 billion in assets under management, has announced the successful completion of a capital raise exceeding $57 million for its private investment offering Minneapolis MSA Senior Living Portfolio II DST, a Delaware statuary trust sponsored by Inland Private Capital Corp. The offering has been fully subscribed and is now closed.
Minneapolis MSA Senior Living Portfolio II DST owns two class A senior living communities, Kingsley Shores and Place Senior Community in Lakeville, Minn., and Savage Senior Living at Fen Pointe in Savage, Minn., providing 278 total units located in the Minneapolis area.
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 cours
