Inland Private Capital Enters Senior Living Segment
“We are thrilled to provide our marketplace with access to institutional-quality opportunities in the senior living sector,” said Keith Lampi, president and chief operating officer of IPC.
OAK BROOK, IL—Inland Private Capital Corp. says it has entered the senior living sector by forging a new strategic relationship with Denver-based Spectrum Retirement Communities, LLC.
Privately-held Spectrum has an established national management footprint with more than 45 communities under management, an additional five communities currently under construction and is ranked amongst the top 30 largest senior housing real estate owners and operators in the U.S.
“We are thrilled to provide our marketplace with access to institutional-quality opportunities in the senior living sector,” said Keith Lampi, president and chief operating officer of IPC. “While this move serves as an expansion of our existing line of healthcare-related offerings, it also underscores our continued focus on delivering a diversified suite of Delaware Statutory Trust (“DST”) product options to the marketplace.”
Inland Private Capital did not provide further information to Globest.com regarding the specific details of the “strategic relationship,” including any financial terms of the relationship
“When looking at the historic investment performance for this asset class—its recession-resiliency, growing demand drivers—in addition to the current supply and demand imbalance that exists, we believe the senior living sector is well positioned to offer our marketplace a product that intersects healthcare and real estate—each nearly 20% of U.S. GDP and growing,” said Nati Kiferbaum, senior vice president, head of investment product strategy of IPC.
Spectrum is ranked among the top 10 senior housing operators in the nation by residents and families in SeniorAdvisor.com’s annual “Best of Senior Living Awards.” Collaborating with Spectrum’s vertically integrated platform experience will allow IPC the capability to deliver best-in-class service with superior ownership, management and stewardship of its senior living community portfolio.
“Spectrum has a longstanding track record of providing excellence in the ownership, management and development of senior living communities,” said Ray Perry, senior vice president of acquisitions and dispositions of Spectrum. “We are excited about developing our new strategic relationship with IPC and its investment platform.”
In addition to entering the senior living sector, IPC has expanded into new asset types over the past several years, leveraging the experience and capabilities of various strategic partners. This approach has led to the successful execution of more than $1 billion in transactions throughout niche sectors such as self-storage, student housing and hospitality. However, IPC remains vertically integrated throughout the core sectors in real estate, which include apartments, industrial, office and retail, the company stated.