OAK BROOK, Ill.--(EON: Enhanced Online News)--Inland Private Capital Corporation (“Inland”) today announced the profitable sale of a 10-store portfolio of retail assets fully leased to an affiliate of Dollar General Corporation. Inland, through its subsidiary which serves as asset manager, facilitated the sale of the stores on behalf of the Delaware Statutory Trust (“DST”) owning the properties. The DST is beneficially owned by 50 investors. Inland, through its subsidiary which serves as asset manager, elected to sell the portfolio to take advantage of a strong marketplace demand, resulting in a total return on investment to the DST stakeholders of 120.48 percent (calculated based on the aggregate amount of original capital invested in the DST).
“There is currently very strong demand in the marketplace for properties leased to affiliates of Dollar General Corporation, which was upgraded to an investment-grade tenant by Standard & Poor’s”
“There is currently very strong demand in the marketplace for properties leased to affiliates of Dollar General Corporation, which was upgraded to an investment-grade tenant by Standard & Poor’s,” commented Rahul Sehgal, chief investment officer of Inland. “While these assets were providing monthly cash flow in line with our original estimates, we believe this increase in Dollar General’s credit rating, along with the length of the remaining lease terms and the timing of when they were acquired in the market cycle, made it an ideal time to sell. The result was a substantial return on investment for our investors.”
The portfolio, acquired in 2011 for approximately $11.6 million, was sold at a premium to the acquisition price. Coupled with cash flow generated during the holding period, the sale resulted in a total return on investment of 120.48 percent.
The properties in this portfolio are located in Alabama and Tennessee.
About Inland Private Capital Corporation
Inland Private Capital Corporation, based in Oak Brook, Ill., offers replacement property investments for persons participating in a 1031 tax deferred exchange, as well as opportunities for accredited investors who are seeking a real estate investment. Inland Private Capital Corporation is a part of the Inland Real Estate Group of Companies, Inc., a group of independent legal entities, some of which may be affiliates, share some common ownership or have been sponsored or managed by Inland Real Estate Investment Corporation or its subsidiaries (collectively, “Inland”). As of September 13, 2013 IPCC had sponsored 134 private placement programs. The 134 private placement programs include 274 properties, with over 15 million square feet of gross leasable area, which equates to more than $2.8 billion in assets under management.
This communication is neither an offer to sell, nor a solicitation to buy any security sponsored by Inland Private Capital Corporation, which can be made only by the respective private placement memorandum and sold only by broker/dealers authorized to do so.