Inland Private Capital (IPC), a real estate investment manager specializing in offering multiple owner, tax-focused private placement investments, has raised more than $37 million for its IPC Self-Storage Portfolio XXI DST.
The offering has been fully subscribed by investors and is now closed.
The DST owns two self-storage properties totaling 1,618 units in New Jersey and Wisconsin. The properties operate under the Devon Self Storage brand name. Both properties offer amenities such as climate-controlled units, drive-through aisles, exterior drive-up units and advanced security features.
“The durability, secular and demographic tailwinds continue to support our high-conviction and long-term outlook for the self-storage sector,” said Nati Kiferbaum, senior vice president and head of investment product strategy at IPC.
IPC’s self-storage portfolio spans more than $1.7 billion in assets under management. As of June 30, the portfolio was composed of 182