Inland Real Estate Investment Corp., a vertically integrated real estate investment and finance company with more than $16 billion in assets under management, has announced the completion of more than $71.7 million in equity raised in the private investment offering of Inland Jersey City Multifamily DST, a Delaware statutory trust sponsored by Inland Private Capital Corporation. The offering has been fully subscribed by investors and is now closed.
The DST owns 295J Apartments, a class A multifamily community located at 295 Johnston Ave. in Jersey City, N.J., approximately 11 miles from Manhattan. The property consists of a five-story building providing 309 apartment homes, comprising 119 studio, 135 one-, 40 two- and 15 three-bedroom layouts.
Inland Investments offers public and private tax-advantaged, growth and income real estate solutions spanning virtually every sector of the commercial real estate market. Inland member companies have facilitated more than $56 bil
