Inland Private Capital Corporation: An Industry Leader

Inland Private Capital Corporation (IPC) is an industry leader in offering replacement properties for securitized Section 1031 exchange transactions, as well as quality, multiple-owner real estate investment solutions. IPC is a subsidiary of Inland Investments and a part of Inland Real Estate Group of Companies, Inc.

IN ACQUISITIONS

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INVESTORS

As of 12/31/2024

Tax-Advantaged Real Estate Investments

IPC specializes in offering multiple-owner, tax-focused, private placement investments, including DST (Delaware statutory trust) 1031s and QOZ (Qualified Opportunity Zone) opportunities throughout the United States.

Tax deferral and estate planning strategies
Potential income and capital appreciation
Diversification benefits

Key Differentiators

Properties purchased on its balance sheet and syndicates interests through a series closed-end funds
Performs regular cash basis audits to offer transparency to both advisors and investors
IPC employs a multi-sector approach to tax-efficient investment returns

Portfolio Highlights

(As of 12/31/2024)

$ 0 B

Assets Under Management (AUM)

Properties Acquired

Completed Program Dispositions

$ 0 B+

Full-Cycle Asset Dispositions

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Years of Combined Leadership Experience

IPC Leadership

Since IPC’s inception in 2001, Inland entities, Inland employees and spouses, Inland directors, Inland officers and affiliated Inland employees have owned more than $91 million of equity in IPC sponsored offerings, reflecting Inland’s alignment with its investors.

Keith Lampi

Chairman of the Board, Chief Executive Officer & President

Nati Kiferbaum

Senior Vice President, Head of Investment Product Strategy

Rahul Sehgal

Chief Investment Officer,
Executive Vice President

Frequently Asked Questions

Who is Inland Private Capital Corporation?

In 2001, Inland Private Capital Corporation was formed to provide replacement properties for investors wishing to complete a tax-deferred exchange under Section 1031, as well as investors seeking a quality, multiple-owner real estate investment. The programs sponsored by IPC offer securities to accredited investors on a private placement basis. IPC was the recipient of the 2006 and 2015 ACE (A Champion of Excellence) Awards given by the Alternative and Direct Investment Securities Association (“ADISA”), formerly known as the Real Estate Investment Securities Association, a trade association of the real estate securities industry. IPC is a founding member of ADISA.

What are the investment structures offered by IPC?

IPC presently offers Delaware Statutory Trusts (DSTs) and Qualified Opportunity Funds (QOFs) offered via Rule 506(b) Regulation D Private Placements, Limited Liability Companies (L.L.C.s), and 721 Exchanges.

What property asset classes does IPC offer?

IPC is active in many commercial real estate sectors including Multifamily, Self-Storage, Senior Living, Industrial, Medical Office, Retail, Student Housing, Net-Leased Office and others. DST offerings are asset-class specific and may be comprised of a single property, or multiple properties which provide diversification within the asset class. IPC's QOFs are presently development projects in the aforementioned sectors.

Why are the offerings structured as DSTs or QOFs?

Interests in a DST are considered “like-kind” real estate in a Section 1031 exchange. Key benefits of the DST structure include favorable loan terms, lower annual administrative costs, no personal liability for beneficiaries under any loans, lower transactions costs, and no accreditation fees required to be paid by investors.

A taxpayer who invests into a QOF may be entitled to three tax benefits: (1) deferral of capital gains taxes earned through the sale of certain identified assets, such as stocks, bonds, mutual funds, jewelry, art, businesses, etc; and (2) elimination of capital gains tax with respect to appreciation of the investment in the QOF if it is held for at least 10 years. The tax benefits of investing in a QOF are limited to investments of deferred capital gains. Although investments in QOFs are not limited to investments of deferred gain, only investments of deferred gain receive the tax benefits described here.

What is IPC’s monthly inventory?

IPC averages a monthly inventory of approximately $232MM and strives to continually offer investors a wide wide variety of tax-advantaged offerings.

Who can participate in IPC investments?

IPC-sponsored investments involve a high degree of risk and are suitable only for persons of substantial financial means who have no need for liquidity and who can afford to lose their entire investment. IPC-sponsored investment programs will only accept a subscription from an “accredited investor,” as defined in Regulation D under the Securities Act of 1933. IPC-sponsored investment programs will not accept subscriptions from, or made on behalf of, (1) tax-exempt entities, including but not limited to qualified employee pension and profit sharing trusts, individual retirement accounts, Simple 401(k) plans, annuities and charitable remainder trusts, or (2) foreign persons.

What are investors purchasing?

DST investors are purchasing a beneficial interest in the trust. QOF investors are purchasing units in the fund. There are no share classes or volume discounts associated with either structure.

How long is the closing process for the purchase of an interest?

In general, and subject to certain closing conditions applicable to the individual IPC-sponsored programs, the purchase of an interest in an IPC offering will be closed within 15 to 30 days after receiving the completed Investor Questionnaire & Purchase Agreement. Accordingly, if you are acquiring an interest as replacement property in a 1031 exchange transaction, you must have sufficient time remaining in your 180-day period for acquiring your replacement property to accommodate this 15-to 30-day period necessary for the closing to occur.

Important Disclosures
The information contained in the Private Investment – Portfolio Overview reflects the performance of all 323 Inland programs offered to investors through December 31, 2024 by IPC and IVP. Past performance is not indicative of future results. Investments in offerings sponsored by IPC and IVP involve certain risks including but not limited to tax risks, general real estate risks, risks relating to the financing on the applicable property (if any), risks relating to the ownership and management of the property, risks relating to private offerings and the lack of liquidity, and risks relating to the Delaware statutory trust structure or qualified opportunity fund structure, as applicable. In addition, IPC and IVP can give no assurance that it will be able to pay or maintain distributions, or that distributions will increase over time.
IPC and IVP invest in a diversified portfolio of properties in terms of type of assets, locations of properties, and industries. Except as otherwise indicated herein, all data in the Portfolio Overview aggregates these properties for an overall snapshot of the portfolio.

Full-Cycle Programs are those programs that no longer own any assets. However, in certain limited situations in which the subject property(ies) were in foreclosure, IPC has negotiated with the lenders and advanced funds to the investors to allow the investors to exchange their beneficial interest in the original program for a proportionate beneficial interest in a new program, in order to continue their Section 1031 exchanges and avoid potential capital gains and/or forgiveness of debt tax liabilities. Because such exchanges result in an investment continuation, the original programs are not considered full-cycle programs for these purposes.

Important Risk Factors to Consider
An investment in an IPC-sponsored program is subject to various risks, including but not limited to:

• No public market currently exists, and one may never exist, for the interests of any IPC-sponsored program. The purchase of interests in any IPC- sponsored program is speculative and is suitable only for persons who have no need for liquidity in their investment and who can afford to lose their entire investment.
• IPC-sponsored programs offer and sell interests pursuant to exemptions from the registration provisions of federal and state law and, accordingly, those interests are subject to restrictions on transfer.
• There is no guarantee that the investment objectives of any particular IPC-sponsored program will be achieved.
• The long-term impact of the COVID-19 pandemic and the resulting global financial, economic and social distress remains uncertain.
• The actual amount and timing of distributions paid by IPC-sponsored programs is not guaranteed and may vary. There is no guarantee that investors will receive distributions or a return of their capital.
• Investments in real estate are subject to varying degrees of risk, including, among other things, local conditions such as an oversupply of space or reduced demand for properties, an inability to collect rent, vacancies, inflation and other increases in operating costs, adverse changes in laws and regulations applicable to owners of real estate and changing market demographics.
• IPC-sponsored programs depend on tenants for their revenue, and may suffer adverse consequences as a result of any financial difficulties, bankruptcy or insolvency of their tenants.
• IPC-sponsored programs may own single-tenant properties, which may be difficult to re-lease upon tenant defaults or early lease terminations.
• Continued disruptions in the financial markets and challenging economic conditions could adversely affect the ability of an IPC-sponsored program to secure debt financing on attractive terms and its ability to service that indebtedness.
• The prior performance of other programs sponsored by IPC should not be used to predict the results of future programs.
• The acquisition of interests in an IPC-sponsored program may not qualify under Section 1031 of the Internal Revenue Code of 1986, as amended (the “Code”) for tax-deferred exchange treatment.
• Certain of the programs previously sponsored by IPC have experienced adverse developments in the past.