Inland Private Capital Corporation (IPC), an Oak Brook-based real estate investment manager, closed the sale of Brantley Pines, a multifamily property located in Fort Myers, Florida. IPC, through its subsidiary which serve as asset manager, facilitated the sale of the property on behalf of Fort Myers Multifamily DST, one of IPC’s 1031 investment programs.

Brantley Pines, located at 1801 Brantley Road, consists of 296 units across 19 two-story residential buildings. The sale resulted in an equity multiple to investors of 1.37x (calculations are based on the aggregate amount of original capital invested in the property).

“We purchased this property in 2019, and through proactive asset management, the property’s occupancy rates trended higher than average, its net operating income increased accordingly, and we generated a profit on the sale, resulting in a 6.45 percent internal rate of return to investors,” said Keith Lampi, president and chief executive officer of IPC.