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Inland Fully Subscribes $120M Chicagoland Multifamily DST
Inland Real Estate Investment Corporation announced the completion of more than $120 million in capital raised for the private investment offering, Wheaton Multifamily DST, a Delaware statutory trust sponsored by Inland Private Capital Corporation. The offering has been fully subscribed by investors and is now closed.
The DST owns Wheaton 121 Apartments, a multifamily community located at 121 North Cross Street in Wheaton, Illinois. The property consists of a seven-story building providing 306 apartment homes, comprising five studio, 217 one-, 80 two-, and four three-bedroom layouts.
“The multifamily sector is continuing to expand, with demand steadily recovering in the face of recent economic challenges, including high interest rates, limited home supply, and affordability issues,” said Matthew Fries, chief executive officer and president of Inland Investments. “These shifting demographic trends and preferences continue to drive strong demand and sustainable growth in the multifamily market.”
Join us on the afternoon of Tuesday, June 2, 2026, at Joe’s Live in Rosemont, IL, for the Connect Midwest Multifamily Trends conference.
