Inland Invests $100M in Winthrop Realty JV

BOSTON-Inland Institutional Capital Partners, a private-equity firm that is part of the Oak Brook, IL-based Inland Real Estate Group of Cos., will invest up to $100 million in Concord Debt Holdings, a debt entity that is a joint venture between locally based Winthrop Realty Trust and Lexington Realty Trust.

Inland is doing the deal through its Inland American Real Estate Trust unit, which owns 882 properties across a variety of commercial sectors. It is initially investing $20 million into the venture, and executives expect to increase that to $100 million over the next 18 months.

“The current dislocation in the credit markets has produced attractive opportunities to invest in commercial real estate loans,” says George Pandaleon, president of Inland Institutional Capital Partners, in a press release.