Diversified Residential Portfolio III DST, a fund sponsored by Inland Private Capital Corp. (IPC), has raised $167 million from 286 investors to date, according to a recent Form D filing with the Securities and Exchange Commission. The fund is structured as a Delaware Statutory Trust designed to provide 1031 exchange investors the opportunity to defer taxes on gains from the sale of appreciated real estate. Diversified Residential Portfolio III is seeking to raise a total of approximately $209 million.
The fund’s predecessor, Diversified Residential Portfolio II, closed in 2022 after raising more than $140 million of equity from 226 investors.
Oak Brook, Ill.–based Inland Private Capital Corporation specializes in multiple-owner, tax-focused private placement investments, including Delaware statutory trusts, 1031 exchange programs and Qualified Opportunity Z
