Inland Private Capital Corporation (IPC), a real estate investment manager, and Devon Self-Storage Holdings, a privately held national storage operator and developer, announced the delivery of a 731-unit self-storage property located in Springfield, Missouri.
The opening marks the ninth self-storage redevelopment delivery on behalf of an affiliate of IPC. Located close to downtown Springfield and Missouri State University’s campus, the former newspaper processing facility was converted into approximately 81,500 square feet of state-of-the-art, class-A self-storage. To date, IPC’s self-storage portfolio includes 179 properties across 30 states.
“We are thrilled to deliver another self-storage development on behalf of our qualified opportunity zone fund investors,” said Keith Lampi, president and CEO of IPC. “The delivery further expands our already significant presence throughout the Midwest and underscores our commitment to the storage sector, which continues to demonstrate resilience in the face of market volatility.”
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.