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Inland, University Partners Form Strategic Student Housing Relationship
Inland Private Capital Corporation (IPC) and University Partners, am owner and operator of student housing across the United States, today announced a strategic relationship focused on managing and operating off campus purpose-built student housing opportunities.
The relationship builds upon IPC’s strategic plan to continue expanding its student housing footprint, which currently consists of 8,014 beds across 17 properties throughout the country. “Even among a high-interest rate environment and persistent inflation, student housing transaction activity remains robust and has historically demonstrated predictable and stable performance during times of economic volatility,” said Keith Lampi, president and chief executive officer of IPC.
Mark Cosenza, senior vice president of Inland Real Estate Acquisitions, LLC, will serve as the acquisition representative for Inland, responsible for negotiating and closing student housing transactions on behalf of IPC. “Inland continues to be bullish on acquiring student housing properties as the space continues to see high-quality deliveries at tier 1 universities with solid rent growth,” said Cosenza.