Inland Private Capital Corporation (IPC) has announced the completion of a more than $72 million capital raise for the private investment offering of Glendale BTR DST, an IPC-sponsored Delaware statutory trust. The offering has been fully subscribed by investors and is now closed.
The DST owns the Onyx at Westgate, a newly developed, class A, build-to-rent (BTR) single-family rental community located at 7403 North 91st Ave. in Glendale, Ariz. Comprising single-story rental homes, the property is positioned on 17 acres and consists of 58 one-bedroom duplexes, 85 two-bedroom detached homes and 47 three-bedroom bungalows. Each home features upscale amenities including gourmet kitchens, stainless-steel appliances, oversized windows, 10-foot vaulted ceilings, washers and dryers, spacious walk-in closets and a smart home technology package.
Residents of the Onyx at Westgate also have access to community amenities, including a gated entry, resort-style pool and spa, out