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Chicago & Midwest  + Greater Chicagoland  + Retail  | 
A CVS pharmacy in Noblesville, IN sold as part of Inalnd Private Capital's Pharmacy Portfolio III DST

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.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition