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Inland Private Capital, Core Spaces Forge JV Around Student Housing
Inland Private Capital Corporation (IPC) and Core Spaces have formed a strategic joint venture targeting ground-up, and substantially complete, off campus purpose-built student housing opportunities at leading universities nationwide.
The relationship marks the beginning phase of IPC’s plan to expand its student housing footprint. Chicago-based Core Spaces currently owns and/or manages 44 student housing properties nationwide and has a development pipeline of 40,000-plus beds.
“The strategic relationship provides our platform institutional access to best-in-class student housing opportunities – an investment category that has historically demonstrated predictable and stable performance, even during times of economic volatility and most recently throughout the COVID-19 pandemic,” said Keith Lampi, IPC’s president and COO.
Marc Lifshin, Core Spaces’ CEO, added, “Our pipeline is strong and we’re pumped about the opportunities ahead. We look forward to building on the great relationship already in place and to many more years of finding outstanding investments for our new partners.”
- ◦Sale/Acquisition
- ◦Financing
