Private Placements

In March 2001, IPCC was formed to provide replacement properties for people wishing to complete a Section 1031 Exchange, as well as investors seeking a quality, multiple-owner real estate investment. As of December 31, 2015, IPCC has sponsored 182 private placement programs. As of December 31, 2015, these private placement programs have offered more than $2.581 billion in equity to over 7,525 investors.

The 182 private placement programs include 451 properties, with over 26.06 million square feet of gross leasable area, for an aggregate offering price of more than $5.319 billion. Of these properties, 364 are retail centers, 48 are office buildings, 9 are industrial and distribution centers and 30 are multi-family communities. In the aggregate, 64% of the properties were existing construction and 36% were new construction (the year of completion is within one year of the year of the offering). As of December 31, 2015, 62 of the assets (including two properties and one security owned by a fund with multiple assets and ten properties owned in a portfolio, and twelve properties owned in a portfolio) have been sold.