Inland Private Capital Corporation, or IPC, sponsors Delaware Statutory Trust investment programs commonly used by accredited investors seeking passive real estate ownership and replacement property for Section 1031 exchanges.
Individual Inland DST offerings are generally structured as separate Delaware statutory trusts. Each program may own a specific property or portfolio and operate under its own offering documents, financing arrangements, distribution structure, transfer restrictions, and anticipated business plan.
Inland's private investment platform spans numerous real estate sectors, including multifamily, student housing, senior living, build-to-rent, self-storage, industrial, retail, healthcare-related real estate, office, hospitality, and other income-producing property types.
Recent Inland-sponsored DST activity in 2025 and 2026 has included large multifamily, residential, student housing, and senior living offerings.
Because Inland Private Capital DST interests are private securities and are not listed on a national securities exchange, investors generally cannot sell them through a conventional brokerage account at a continuously quoted market price.
Potential liquidity may therefore depend on the specific DST program, governing documents, sponsor procedures, transferability, purchaser qualifications, underlying property performance, debt structure, remaining holding period, documentation, and current secondary-market buyer demand.
Inland Private Capital Corporation
Delaware Statutory Trust / Private Real Estate Program
Multifamily, Residential, Student Housing & Senior Living
334 Sponsored Programs / 988 Properties Acquired
Limited Private Secondary Market Liquidity
Program, Property, Debt, Distributions, Transferability & Buyer Demand
Inland Private Capital Corporation is part of the broader Inland Investments platform, which manages public and private real estate strategies across numerous property sectors.
As of December 31, 2025, Inland Investments reported approximately $13.4 billion in assets under management across its private investment platform.
The platform reported 334 sponsored programs, 988 properties acquired, 159 completed program dispositions, more than $5.4 billion in full-cycle asset dispositions, and more than $19 billion in acquisitions.
Inland's sector exposure included multifamily, retail, industrial, office, hospitality, self-storage, student housing, build-to-rent communities, senior living, medical outpatient buildings, manufactured housing communities, and other alternative real estate sectors.
This broad platform means that liquidity analysis should be performed at the individual DST level rather than relying on a single sponsor-wide assumption about value or marketability.
Inland continued sponsoring substantial private DST offerings during 2025 and 2026. Recent programs illustrate both the scale and sector diversity of the platform.
More Than $120 Million Raised
$83.6 Million Equity Raise
$71.7 Million Equity Raise
Approximately $107.58 Million Offering
Approximately $170.77 Million Offering
More Than $149 Million Raised
Wheaton Multifamily DST was fully subscribed in February 2026 after raising more than $120 million. The program owns Wheaton 121 Apartments, a 306-unit Class A multifamily community in Wheaton, Illinois.
Union Multifamily DST completed an $83.6 million equity raise in April 2026. The program owns Summit Court Apartments, a 393-unit Class A multifamily community in Union Township, New Jersey.
Inland Jersey City Multifamily DST completed a $71.7 million equity raise in April 2026. The program owns 295J Apartments, a 309-unit Class A multifamily community in Jersey City, New Jersey.
Inland Long Island Residential DST filed a 2026 private offering of approximately $107.58 million. Inland Student Housing Portfolio DST filed a 2026 offering of approximately $170.77 million.
Inland also completed more than $149 million in capital raising for National Senior Living Portfolio DST in late 2025. The portfolio included three Class A senior living communities totaling 635 units across Arizona, Missouri, and Tennessee.
These programs are presented as sponsor-platform research and should not be interpreted as recommendations, statements of current investment availability, or representations that any particular offering remains open to new investors.
Alternative Investment Liquidity evaluates certain Inland Private Capital DST interests for potential direct private purchase or other secondary-market liquidity.
Because Inland has sponsored hundreds of separate private real estate programs, there is no single purchase price that can be applied across the sponsor family. Potential pricing depends on the specific DST program and the characteristics of the investor's position.
Potential Direct Private Purchase
Baron De Biltmore LLC
AIL Reviews Eligible Inland DST Positions
Determined By Specific DST And Position Review
Property, Debt, Distributions, Exit Strategy & Transferability
Subject To Position And Documentation Review
Any potential purchase indication is separate from the investor's original investment amount, tax basis, account statement value, sponsor-reported value, or projected value at a future property disposition.
A potential transaction may be influenced by property performance, current distributions, debt terms, loan maturity, remaining holding period, transfer restrictions, purchaser qualifications, sponsor procedures, position size, and current buyer demand.
Any offer from AIL, an affiliated purchaser, or another potential buyer represents the amount that purchaser is willing to pay under the applicable terms and should not be interpreted as an independent appraisal or determination of underlying fair value.
Inland has sponsored private real estate programs across a broad range of asset classes rather than focusing on a single property type.
As of December 31, 2025, Inland's private investment platform reported approximately 28% of assets under management in multifamily, 14% in self-storage, 13% in student housing, 10% in retail, 9% in build-to-rent, 7% in industrial, 7% in senior living, 6% in office, and smaller allocations to hospitality, medical outpatient buildings, and manufactured housing communities.
For secondary-market purposes, the underlying property or portfolio associated with the specific DST is generally more important than the sponsor name alone.
Potential buyers may review occupancy, rental trends, tenant quality, operating expenses, capital requirements, property location, sector fundamentals, debt service, loan maturity, and the expected path to a sponsor-led exit.
Potentially. An Inland DST interest may be transferable before a sponsor-led exit, but the transfer process depends on the governing documents and procedures applicable to the specific trust.
Transfer requirements may include sponsor or administrative trustee approval, purchaser eligibility requirements, assignment documents, accredited-investor qualifications, lender-related restrictions, ownership limitations, or other conditions.
Positions held in an IRA, trust, estate, corporation, partnership, LLC, or other entity may require additional documentation related to the registered owner and authority to complete the transaction.
The fact that an Inland DST interest is legally transferable does not mean that a ready purchaser or continuous secondary market exists.
Many Inland DST investors acquire their interests as replacement property in a Section 1031 exchange.
Certain Inland-sponsored programs may also contemplate a future contribution, aggregation, or exchange into another investment structure, including potential transactions under Section 721.
The availability, timing, and terms of any future Section 721 or similar transaction are specific to the individual program and should be confirmed through the applicable offering documents and current sponsor communications.
Investors considering a secondary-market sale should evaluate how an early transfer could affect tax deferral, debt allocation, depreciation recapture, future exchange planning, and any potential sponsor-led transaction.
Alternative Investment Liquidity does not provide tax, legal, investment, accounting, or valuation advice. Investors should consult qualified professionals regarding the consequences of a potential transaction.
Current and historical distributions can be important when evaluating an Inland Private Capital DST position.
Potential buyers may review the distribution rate together with property-level cash flow, occupancy, rental performance, reserves, debt service, financing costs, capital expenditures, and sponsor reporting.
A change in distributions does not by itself determine secondary-market value. Buyers may also consider property appreciation or depreciation, leverage, refinancing exposure, remaining holding period, and expected future sale proceeds.
Distribution information should therefore be evaluated together with the broader financial condition of the specific DST.
Inland DST interests do not trade on a national securities exchange and generally do not provide continuous investor redemption liquidity.
Potential liquidity alternatives may include continued ownership until a sponsor-led property sale or full-cycle transaction, participation in another sponsor-sponsored exit structure where applicable, a private secondary-market sale, or a direct private purchase.
The availability and attractiveness of these alternatives may depend on the specific DST, transfer restrictions, remaining holding period, property performance, debt obligations, current distributions, purchaser qualifications, and buyer demand.
There is no guarantee that a purchaser will be available or that an investor can sell at the original investment amount, account statement value, or projected future property-sale value.
Potentially. Certain Inland Private Capital DST positions may qualify for a private secondary-market transaction or direct purchase, subject to transfer requirements, documentation, purchaser eligibility, sponsor procedures, and available buyer demand.
A potential sale may require confirmation of the exact Inland DST program, current ownership amount, account registration, governing documents, distribution history, debt structure, and anticipated exit strategy.
Investors should compare the potential benefit of obtaining liquidity today with the possibility of continuing to receive distributions and holding the investment until a future property disposition or other sponsor-led liquidity event.
Whether an early sale is appropriate depends on the investor's own circumstances and should not be determined solely by the availability of a private-market purchaser.
Private secondary-market transactions may provide a potential source of liquidity for certain Inland Private Capital DST investors who do not want to wait for a future sponsor-led exit.
The DST secondary market does not operate like a national securities exchange. There is generally no continuously quoted price, centralized order book, or guarantee that a buyer will be available for a specific Inland DST.
Potential buyers may evaluate the specific property or portfolio, occupancy, tenant quality, current income, debt, loan maturity, remaining holding period, sponsor communications, expected exit strategy, transfer requirements, and broader market conditions.
Because a private buyer may be acquiring an illiquid interest with uncertain future liquidity, secondary-market pricing may differ materially from the investor's original investment amount, tax basis, account statement value, or expected future proceeds.
Investors can learn more about how the DST secondary market works, including transfer restrictions, buyer qualifications, pricing, documentation, and timing.
Each Inland DST is a separate investment with its own property or portfolio, acquisition basis, financing structure, distribution history, transfer procedures, and anticipated exit strategy.
Property type, location, occupancy, rental performance, tenant or resident demand, operating expenses, lease terms, and local real estate conditions may influence buyer expectations.
Multifamily, student housing, senior living, self-storage, industrial, retail, build-to-rent, healthcare, and other Inland sectors may each be evaluated differently based on current operating fundamentals and transaction-market conditions.
Outstanding loan balances, leverage, interest rates, debt-service requirements, maturity dates, refinancing exposure, and lender restrictions can materially affect expected returns and secondary-market pricing.
Current and historical distributions may influence buyer expectations, but income should be evaluated together with property operations, reserves, financing costs, and future capital requirements.
A DST believed to be approaching a property sale, full-cycle event, or other sponsor-led transaction may be evaluated differently from an investment expected to remain outstanding for several additional years.
Certain Inland programs may contemplate future exchange or aggregation structures. The existence, timing, and economics of any such transaction may affect purchaser expectations and should be verified through current sponsor materials.
Sponsor procedures, purchaser qualifications, lender requirements, ownership limitations, account registration, and required transfer documentation can affect whether and how an interest may be sold.
Private-market pricing can vary depending on current purchaser interest, position size, expected holding period, required return, execution risk, and broader real estate and capital-market conditions.
A recent investor or account statement is generally the best starting point when evaluating an Inland Private Capital DST position for potential liquidity.
The statement can help identify the exact DST program, current ownership interest, account registration, custodian, and other information relevant to a potential transaction.
Helpful documentation may also include:
Not every document is necessary to begin. In many cases, a recent statement identifying the specific Inland DST and current ownership amount is sufficient for an initial Confidential Investment Review.
Not every Inland Private Capital DST interest will necessarily qualify for a private secondary-market transaction or direct purchase.
Potential marketability may depend on the specific trust, property performance, sector exposure, debt, distributions, remaining holding period, investor registration, transferability, documentation, position size, purchaser qualifications, and current buyer demand.
Because Inland has sponsored hundreds of separate private real estate programs across many property sectors, AIL evaluates the exact investment rather than applying a single sponsor-wide assumption about value or liquidity.
A Confidential Investment Review can help identify whether a particular Inland DST position may currently qualify for further evaluation and which factors may influence a potential transaction.
Alternative Investment Liquidity reviews Inland Private Capital DST positions for investors seeking information about potential liquidity, transferability, valuation considerations, current buyer interest, and possible direct purchase opportunities.
AIL's review focuses on the specific DST program and investor position rather than relying solely on the Inland sponsor name or the investor's original purchase amount.
For eligible positions, AIL may be able to facilitate a direct private purchase through Baron De Biltmore LLC or evaluate another potential secondary-market liquidity pathway. Any potential purchase price or transaction remains subject to investment-specific review, documentation, transferability, purchaser requirements, and current market conditions.
Investors, trustees, estate representatives, attorneys, financial professionals, and other authorized representatives can request a Confidential Investment Review for an Inland Private Capital DST position.
Information on this page was developed using publicly available Inland Investments materials and Securities and Exchange Commission Form D filings for Inland Private Capital-sponsored Delaware Statutory Trust programs.
Recent program examples include Wheaton Multifamily DST, Union Multifamily DST, Inland Jersey City Multifamily DST, Inland Long Island Residential DST, Inland Student Housing Portfolio DST, National Senior Living Portfolio DST, and other Inland-sponsored private real estate programs.
Program terms, property information, distributions, financing, transfer procedures, exit strategies, and other investment details may change after the applicable reporting or offering date. Investors should review the current governing documents and sponsor communications applicable to their specific Inland DST.
Secondary market interest depends on more than asset type. AIL evaluates each position based on investment structure, transferability, documentation, and current market conditions.
Ownership type, sponsor requirements, investment terms, and underlying asset characteristics all influence review.
Some positions may be subject to transfer restrictions, approval requirements, or limitations within governing documents.
Offering materials, account records, ownership documents, and sponsor information help determine whether review can proceed.
Potential liquidity depends on current buyer interest, asset category, pricing expectations, and transaction feasibility.
Every opportunity is reviewed individually. Our process is designed to provide clarity regarding transferability, marketability, and potential liquidity pathways before any transaction decisions are made.
Provide basic details regarding the investment position, ownership structure, and available documentation.
AIL evaluates the investment type, transfer restrictions, sponsor requirements, and available transfer pathways.
We determine whether a secondary market opportunity may exist based on current investor demand and transaction activity.
If a viable pathway exists, we discuss potential next steps, timing considerations, and transaction requirements.
Submit basic information for a confidential review. Opportunities are evaluated individually based on investment structure, available documentation, transferability, and potential market interest.
REQUEST CONFIDENTIAL REVIEW