Inland Private Capital Corp. (IPC), an industry-leading real estate investment manager, has announced the sale of Brantley Pines, a multifamily property located in Fort Myers, Fla. IPC, through its subsidiary which serve as asset manager, facilitated the sale of the property on behalf of Fort Myers Multifamily DST, one of IPC’s 1031 investment programs.
The sale resulted in an equity multiple to investors of 1.37x (calculation based on the aggregate amount of original capital invested in the property).
Brantley Pines, located at 1801 Brantley Road, consists of 296 units across 19 two-story residential buildings. The property features a clubhouse with a fitness center, a resort-style swimming pool, a sundeck and lounge area with a summer kitchen, sand volleyball and tennis courts, a dog park, picnic area with grills, a car care center and carports. As of the date of the sale, Brantley Pines was 91.9 percent occupied.
“While rising interest rates have stymied
