Inland Private Capital Corp. (IPC) and Devon Self Storage have formed a strategic relationship to redevelop and operate self-storage properties located in qualified opportunity zones across the nation.
Through five different strategic relationships, IPC has rapidly scaled its self-storage portfolio to more than $740 million in assets under management (AUM), with a footprint consisting of 124 properties and more than 59,000 units across 15 states. Devon has been a key contributor to IPC’s AUM growth, and currently manages a significant portion of IPC’s growing portfolio.
“Devon is a proven leader in the self-storage industry and is ranked as one of the top private self-storage operators in the nation,” said Kenneth Nitzberg, chairman and CEO of Devon. “Devon’s relationship with IPC and Inland’s acquisitions team provides a great opportunity to maximize our strengths in what we do best and have done for 27 years — identify unique acquisition opportunities
