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Inland Private Capital Produces 265% Total Return on Zero-Coupon Offerings
Oak Brook, IL-based Inland Private Capital Corporation (IPC) sold two pharmacy portfolios for a combined $80 million, a premium to the allocated offering price paid by investors. IPC, through its subsidiary that serves as asset manager, facilitated the sales on behalf of Pharmacy Portfolio III DST and Pharmacy Portfolio IV DST, both structured as zero cash flow programs.
The Portfolio III sale resulted in a total return of 278.10% and an average annual return of 16.37 percent. Portfolio IV produced a total return of 267.06% and an average annual return of 15.08%. Combined, the two portfolios contained 12 pharmacy properties across 10 states.
“Being the first two in IPC’s series of zero-coupon offerings, this was a proof-of-concept execution for us,” said Keith Lampi, president and COO of IPC. “Both portfolios performed incredibly well for our investors while simultaneously fulfilling the various tax-related objectives the investment structure was designed to accomplish.”
- ◦Sale/Acquisition
