Inland Private Capital (IPC), a real estate investment manager, has closed the private investment offering of IPC Self-Storage Redevelopment Fund.
IPC’s self-storage portfolio now spans more than $1.7 billion in assets under management.
The fund consists of five self-storage redevelopment projects geographically diversified across Texas, Wisconsin, Michigan and Pennsylvania. The portfolio of projects is made up of properties that originally consisted of vacant open-footprint retail, industrial, office and other commercial-use buildings that have been or will be redeveloped or converted into state-of-the-art, class A self-storage facilities.
After the facilities are redeveloped, they will be operated under the Devon Self Storage brand name.
“We continue to have high conviction in the long-term outlook of the self-storage sector,” said Nati Kiferbaum, senior vice president – head of investment product strategy at IPC. “The intersection between the
