Inland Private Capital Corporation (IPC), an industry-leading real estate investment manager, has announced the completion of a more than $46 million capital raise for the private investment offering of Algonquin Senior Living DST, an IPC-sponsored Delaware statutory trust (DST). The offering has been fully subscribed by investors and is now closed.
The DST owns a class A, private-pay, 186-unit senior living community in Algonquin, Ill. The community comprises independent living, assisted living and memory care units.
“While several factors are driving senior living demand growth, the aging U.S. population is increasing the need for communities and services,” commented Nati Kiferbaum, senior vice president, head of investment product strategy for IPC. “The U.S. Census Bureau has predicted that by 2030, all baby boomers will be older than age 65 — meaning that one in five Americans will be of retirement age. This aging U.S. population, regardless of health st