Inland Private Capital completes $134m sale of two Home Depot stores

Inland Private Capital Corp. (IPC) announced the sales of two Home Depot properties located in Massachusetts and Washington. Combined, the properties sold for $134.95 million, a premium to the offering price paid by investors. IPC, through its subsidiary that serves as asset manager, facilitated the sales of the properties on behalf of Bi-Coastal Home Improvement DST, one of IPC’s 1031 investment programs.

The sales resulted in a total return to investors of 147.5 percent of their original investment, and an average annual return of 7.5 percent. Both properties were purchased in June 2015.

“Given the robust investor demand for pandemic-resistant retail, IPC was able to capitalize on the opportunity to proactively monetize on behalf of investors and, in turn, mitigate risk associated with lease renewal,” says Keith Lampi, president and chief operating officer of IPC. “Similar to many of IPC’s previous dispositions, the sale of the properties owned by Bi-Coasta