Inland Private Capital Corp. has sold the Retreat at Orlando, an 894-bed student housing community located in Orlando, Fla. IPC, through its subsidiary which serves as asset manager, facilitated the sale of the property on behalf of one of its 1031 investment programs.
“The Orlando Student Housing DST marks our company’s first full-cycle transaction on our student housing platform for IPC’s investors,” said Keith Lampi, president and COO of IPC. “We purchased the property in 2015, and it provided consistent income and a substantial profit on sale, resulting in a 10.48 percent average annualized return to investors.”
The property is located two miles southwest of the University of Central Florida campus and 11 miles northeast of Orlando’s central business district. As of June 2018, the property was 99.55 percent leased.
