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 September 4, 2015, IPCC has sponsored 177 private placement programs. As of September 4, 2015, these private placement programs have offered more than $2.394 billion in equity to over 7,080 investors.

The 177 private placement programs include 436 properties, with over 24.56 million square feet of gross leasable area, for an aggregate offering price of more than $4.955 billion. Of these properties, 353 are retail centers, 48 are office buildings, 9 are industrial and distribution centers and 26 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 September 4, 2015, 60 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.