Inland Private Capital Sells Portfolio Generating a 17.52 IRR

Inland Private Capital Corporation (IPCC), a sponsor of 1031 tax deferred exchanges and member of the Inland Real Estate Group of Companies, Inc., recently facilitated a portfolio sale of 7-Eleven properties at a gross sale price of $35,329,302 on behalf of one of its 1031 investment programs.

Located in various cities in northeastern Ohio, the portfolio consists of 12 properties with about 30,000 square feet and 14 years remaining on their absolute triple-net leases.

“We purchased this portfolio in November 2013, and the investment was very successful due to the properties’ compelling location fundamentals. Each property is ideally situated in a dense retail corridor with strong traffic counts and good demographics,” commented Rahul Sehgal, chief investment officer of IPCC.

With a sale price higher than the original acquisition price and cash flows generated by the properties, investors earned a total return of 125.85 percent. Additionally, the sale created an internal rate of return (IRR) of 17.52 percent.

“The result [of the sale] was a substantial return for our investors and an opportunity for them to invest a significant portion of the proceeds into another property owned by a different Inland-sponsored program,” added Sehgal.

Through May 31, 2015 IPCC has sponsored 171 private placement programs consisting of 424 properties and more than 22.65 million square feet with an aggregate offering price of over $4.54 billion.