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Chicago & Midwest  + Greater Chicagoland  + Retail  |  November 4, 2021
HIG Realty in $110M Refinance of Storage of America Portfolio
Paul Bubny
By: Paul Bubny

IPC Closes $265M Portfolio Sale of Self-Storage Properties

Inland Private Capital Corporation closed the $265-million sale of a 34-property portfolio of self-storage assets, providing liquidity to three of its sponsored Delaware statutory trust programs. The portfolio sale included the properties owned by Self-Storage Portfolio I DST ($129.8 million), Self-Storage Portfolio II DST ($54.7 million) and Self-Storage Portfolio IV DST ($80.4 million).  

Given the increase in institutional demand for large-scale storage transactions, “we believed a portfolio sale, spanning several of our early vintage DST offerings would maximize returns to our investors,” said Keith Lampi, president and COO of Oak Brook, IL-based IPC. ”This thesis was vindicated given the significant amount of institutional demand we received upon marketing the portfolio for sale.” 

The three portfolios were marketed for sale by Charles “Chico” LeClaire and Adam Schlosser of the LeClaire/Schlosser Group at Marcus and Millichap. Twenty of the properties are in Texas, with the remainder in Tennessee, Georgia and Kansas. 

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Inside The Story

Inland Private CapitalLeClaire/Schlosser Group

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).
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