Inland Private Capital Corporation (IPC) announced that the private investment offering of Phoenix SFR DST, an IPC-sponsored Delaware statutory trust, has been fully subscribed by investors, bringing IPC’s total single-family rental (SFR) portfolio assets under management (AUM) to more than $700 million.
“Pre-pandemic, IPC entered into the SFR market as an investment strategy focused primarily on the two largest generational cohorts, millennials and baby boomers,” commented Nati Kiferbaum, senior vice president – head of investment product strategy of IPC. “SFR communities began to exponentially grow in 2020 due to pandemic-induced disruptions on how we work and live. Today, demand continues to exceed supply, positioning it to be one of the strongest real estate asset classes.”
To date, IPC’s SFR gated-community portfolio includes 10 properties in Arizona, one in Florida and one in Colorado. On average, IPC’s SFR communities are approximately 95 percent