With a new strategic relationship with Spectrum Retirement Communities, privately held alternative investment management firm Inland Private Capital Corp. has launched a new investment platform focused on strategically acquiring, owning and managing senior living communities across the nation.
“When looking at the historic investment performance for this asset class — its recession-resiliency, growing demand drivers — in addition to the current supply and demand imbalance that exists, we believe the senior living sector is well-positioned to offer our marketplace a product that intersects healthcare and real estate — each nearly 20% of U.S. gross domestic product and growing,” said Nati Kiferbaum, senior vice president, head of investment product strategy of IPC.
Spectrum, founded in 2003 and based in Denver, is a privately owned owner, operator and developer with more than 45 senior living communities under management across 10 states and an additional five communities under construction.
“We are excited about developing our new strategic relationship with IPC and its investment platform,” Ray Perry, the company’s senior vice president of acquisitions and dispositions, said in a statement.
Headquartered in Oak Brook, IPC as of June 30 had sponsored 241 private placement real estate offerings, with investments and developments in the multifamily, self-storage, hospitality, healthcare, student housing, retail, corporate office and industrial sectors. The firm is recognized as the largest provider of securitized 1031 exchange opportunities in the country, with a national footprint of more than 600 properties, representing approximately $8 billion in assets under management as of June 30.
“We are thrilled to provide our marketplace with access to institutional-quality opportunities in the senior living sector,” said Keith Lampi, president and chief operating officer of IPC.
IPC said that Phil Shapiro Senior Living was integral in initiating and cultivating the relationship between IPC and Spectrum. Shapiro is IPC’s senior living adviser and will support the growth of a portfolio of senior housing communities.
