March 18, 2016 | By Alby Gallun | Chicago Real Estate Daily
Inland Group is known for its public real estate companies, but its private side is making some noise these days.
The sprawling Oak Brook real estate conglomerate is on track to raise $600 million this year through Inland Private Capital, a business that raises money through private placements, mostly from real estate investors looking to defer taxes on property sales. That’s up from $478 million last year and $440 million in 2014.
Money is flowing in as surging real estate prices allow property owners to cash out for big profits, resulting in big tax bills. But the sellers can defer capital gains taxes by re-investing sale proceeds in another property through a transaction known as a 1031 exchange. Many turn to Inland Private Capital to find their next investment.
The Blue Vault Summit could not have been more perfectly timed. This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. These conversations are paramount, especially in a time of significant regulatory change.