Inland Private Capital Corporation COVID-19: Operational Update



Inland Private Capital Corporation






January 21, 2021

Webinar: Residential Overview – 2020 Q4 Wrap-Up & 2021 Outlook

As the challenges of the COVID-19 pandemic continue, IPC is cautiously optimistic heading into 2021 with its residential portfolio performance. Additional stimulus and implementation of the new vaccine are bringing hope for a positive bounce in rental growth in the coming months. IPC’s residential properties finished strong in the fourth quarter of 2020, with physical occupancies at 94 percent and leasing at 96 percent, both above the national averages reported by National Multifamily Housing Council. On the leasing front, the shift to virtual property tours continues and has helped with more efficiency in viewing communities by potential tenants. Niall Byrne, President of Inland Investment Real Estate Services, Inc., and his team manage IPC’s residential portfolio of 64 properties and approximately 18,000 units nationwide. Click on the link below to hear Keith Lampi, President and COO of IPC, and Niall discuss the residential portfolio and potential strategies to maintain performance in the near future.

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November 19, 2020

Webinar: Residential Overview – October Update

IPC’s residential portfolio has maintained an average of 97 percent in rent collections over the past seven months, as the country forges on through the COVID-19 pandemic. With more than 16,000 multifamily units under management, Inland’s property management team has been able to steadily grow rents and completed more than 100 value-add units over the last several months. October 2020 rent collections and leasing activity are both averaging at approximately 95 percent. Click on the link below to hear Niall Byrne, head of Inland property management, discuss important details about IPC’s residential portfolio.

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October 15, 2020

Webinar: Residential Overview – September Update

Rent collections and leasing activity at IPC’s residential sites continue to be positive, with September’s occupancies and leased percentages in the upper ninetieth percentiles. Some residents are still utilizing the payment plans offered by Inland’s property management and we expect a number may continue to do so through October. With some rent payments outstanding, late fees will be accessed and eviction efforts may be considered in select situations. Click on the link below to hear Niall Byrne, head of Inland’s property management, share more detail on the 64-property residential portfolio.

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September 10, 2020

Webinar: Residential Overview – August Update

IPC’s residential properties continue to perform well, with consistent rent collections and leasing, outperforming national averages by two to three percent. In most recent news, Inland was named the fifth fastest growing multifamily property management company by Multi Housing News. As we approach the end of the third quarter, IPC continues to focus on assisting residents by waiving late rental fees and avoiding evictions in the short-term. Please click on the link below to hear Niall Byrne, head of Inland’s property management, provide more detail on IPC’s residential portfolio.

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August 27, 2020

E-Commerce Demand Propels Industrial Sector Performance

The industrial sector is showing minimal negative impact from the current global pandemic. In fact, due to shifting consumer preferences and increased online shopping, which has been enhanced by non-essential business closures and stay-at-home guidelines put into place to control the spread of the coronavirus, growth and adoption rates of e-commerce have accelerated. This acceleration has resulted in increased demand for industrial real estate. In addition, with online shopping growing at a fast pace, many businesses are utilizing warehouse space to store extra inventory and fulfill consumers’ orders while also accounting for order-returns management.

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August 27, 2020

The Impact of COVID-19 on Self-Storage

Self-storage is among the commercial real estate sectors best equipped to adapt to this economically challenging time. With self-storage owners navigating the rapidly changing environment, recent demand for storage units has been enhanced as both commercial and non-commercial users have required to quickly move or store belongings for an unknown period of time. We believe that national self-storage vacancy rates have been stable over the short-term as new demand offsets tenants that were lost to the weakening economy.

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August 6, 2020

Webinar: Hospitality Sector Overview & Outlook

IPC recently hosted a webinar discussing its hospitality portfolio and performance while navigating through this unforeseen pandemic. Rahul Sehgal, Chief Investment Officer for IPC, was joined by several hospitality industry experts in a panel-style discussion on what to expect in the near-term future for this sector as well as some changes that have been implemented as a result of the current economic crisis. IPC’s hospitality portfolio includes six properties across the U.S. under various hotel flagships.


July 22, 2020

Webinar: Residential Overview – July Update

IPC’s residential properties have continued to deliver strong performance, with June-end rent collections at 97.8 percent, which is well above the national average of 95.9 percent as reported by the National Multifamily Housing Council. July, thus far, continues to see similar rent collection figures and leasing has not slowed down. Please click on the link below to hear Niall Byrne, head of Inland’s property management, provide more detail about IPC’s residential 61-property portfolio.

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June 24, 2020

Webinar: Residential Overview – June Update

IPC’s residential assets continue to achieve positive performance, both in rent collections and leasing activity. A majority of the states across the U.S. have lifted the stay-at-home orders, allowing for reopening of various common area amenities at IPC’s residential properties. Resident-oriented activities continue to take place at many of the communities and lease applications have increased by 30 percent from last month. To hear more detail on IPC’s residential performance, click on the link below and listen as Keith Lampi, President of IPC, along with Niall Byrne, head of Inland’s property management, discuss the current status of IPC’s residential portfolio.

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June 4, 2020

Webinar: Student Housing Overview

The student housing sector has experienced some challenges amid the COVID-19 pandemic and many are speculating about the fall 2020 semester and what it will look like for students. Inland Private Capital Corporation’s (IPC) student housing portfolio consists of more than $273 million in student housing assets comprised of seven properties managed by third-party property management company Landmark Properties, Inc. (Landmark). Keith Lampi, President of IPC, and Jonathan Bove, Senior Vice President of Client and Acquisition Services at Landmark, discuss IPC’s student housing portfolio in detail. Please click on the webinar replay link to hear about rent collections, pre-leasing for the 2020-2021 school year and other topics pertaining to this asset class.

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June 2, 2020

Retail Sector Among Hardest Hit by COVID-19

Brick-and-mortar retailers have been struggling over the last several years as consumers have shifted more and more of their shopping to online providers. Now COVID-19 has dealt another blow to the sector, as many businesses have temporarily closed due to stay-at-home orders, resulting in the largest monthly retail sales decline on record, with a 16.4 percent drop from March 2020 to April 2020.

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May 21, 2020

Webinar: Residential Overview – May Update

IPC’s residential portfolio is performing well during these challenging times and Inland’s property management team continues to work with its tenants on various rental payment plans. The onsite staff maintains social distancing practices along with virtual business leasing and communications. Safety measures continue to be a priority, which include personal protection equipment and disinfecting of common areas. Any nonessential capex projects and value-add plans will be limited for the time being. Niall Byrne, head of Inland’s property management, discusses the various asset classes within the multifamily sector and its performance in terms of rent collection, vacancies and leasing. Click on the webinar replay link to hear more detail on IPC’s residential portfolio performance for May.

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May 14, 2020

Webinar: Self-Storage Overview

The self-storage sector has shown to be resilient in times of financial crisis and the current pandemic seems to have had very little effect on its performance. With the stay-at-home mandate, self-storage is deemed as an “essential” business, thus occupancies remain stable and rent collection was in the ninetieth percentile for April and projected to be the same for May. Even before the pandemic, many self-storage operators were transitioning from in-office reservations to online platforms, thus making it easy and convenient, and creating a safer environment for both staff and customers. Click on the webinar replay link to hear Keith Lampi, President and COO of IPC and Dan Zatloukal, Head of Asset Management for Inland Real Estate Investment Corporation, discuss IPC’s current self-storage portfolio.

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May 11, 2020

Webinar: Healthcare Assets Overview

Inland Private Capital Corporation (IPC) breaks down the performance of another asset class during the COVID-19 pandemic, healthcare – featuring medical office properties and senior living. The majority of IPC’s medical office assets are considered “essential” services, with approximately 13 percent labeled as “nonessential” because the property includes tenants performing elective surgery-type services. April rent collections were at 90 percent and May is expected to track the same. IPC will continue to work with tenants deemed as “nonessential”, of which some are struggling to pay rent, to potentially provide the opportunity to pay rent over a longer period of time. With the emergence of COVID-19, senior living facilities reacted quickly to ensure the safety of staff and residents by halting day-to-day visitations, delaying move-ins, offering new meal programs that limit physical interaction and providing virus swab-testing capabilities onsite. Click on the webinar replay link to hear an in-depth discussion on medical office and senior living from IPC’s head of asset management, Dan Zatloukal with Inland Real Estate Investment Corporation, and IPC’s advisor on senior living, Phil Shapiro, a 33-year healthcare veteran.

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May 11, 2020

Mitchell Sabshon Joins “The Crisis Cast” to Discuss Commercial Real Estate Amidst the COVID-19 Pandemic

Mitchell Sabshon, President and CEO of Inland Real Estate Investment Corporation discusses how businesses are being directly affected by the global COVID-19 pandemic. Topics addressed by Sabshon include federal funding, mortgage challenges for both commercial and residential properties, and how businesses are evolving to meet new demands. “The Crisis Cast” is a podcast focused on crisis management in uncertain times. Lissa Druss and Thom Serafin, Chicago communications consultants, offer up observations and opinions, featuring guests with perspectives on the challenges facing today’s businesses, politicians and nonprofits. Episodes are hosted by Miram Sobh, former news anchor at “Newsradio” WBBM Chicago. "The Crisis Cast" is produced by a third party not affiliated with Inland Private Capital Corporation IIPC), and IPC is not responsible for its content and does not endorse or adopt any statements by anyone other than Mitchell Sabshon or any other information made available on or by "The Crisis Cast" or its producers.

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May 8, 2020

COVID-19’s Impact on the Multifamily Sector

The multifamily housing sector has experienced robust demand over the last decade but is expected to feel the impact of the COVID-19 pandemic. Tenants may struggle to pay rents due to rising unemployment claims in the United States, among other factors.

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April 30, 2020

Webinar: Commercial Assets Overview

As we all continue to navigate through these challenging times due to COVID-19, rest assured that IPC is no stranger to volatile business conditions. IPC has weathered previous financial crises and our plan is no different this time. In reviewing our commercial assets, specifically shopping centers, NNN retail, office and industrial properties, we are pleased to report a 100 percent rent collection for April. Our commercial portfolio includes 351 properties in 43 states and accounts for 40 percent of IPC’s total assets under management (AUM). We are working diligently with all our tenants to ensure they are familiar with and, when appropriate, applying for the government assistance available to them during this time. We have also proactively leveraged our business relationships with our lending partners during this crisis to assist in managing current debt on these assets. For a replay of the webinar, click on the link below and hear Dan Zatloukal, Executive Vice President-Asset & Portfolio Management of Inland Real Estate Investment Corporation, discuss each asset class in detail with performance to date.

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April 14, 2020

COVID-19 and Commercial Real Estate

COVID-19 quickly grew into a global pandemic that is having an impact on the health of mankind, economies, capital markets and individual businesses. The commercial real estate industry has been highly affected, primarily due to the unprecedented and necessary response including the temporary closure of non-essential businesses.

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April 4, 2020

Message from Keith Lampi, President & COO

Amid the COVID-19 outbreak and the unprecedented national response that has followed, Keith Lampi assures investors and valued partners that IPC is making every effort to protect the health and safety of tenants, staff, and communities across the country.

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The Inland name and logo are registered trademarks being used under license. "Inland" refers to The Inland Real Estate Group of Companies, Inc. which is comprised of a group of independent legal entities some of which may be affiliates, share some common ownership or have been sponsored and managed by such entities or subsidiaries thereof including the Inland Real Estate Investment Corporation (Inland Investments) and Inland Securities Corporation. Inland Securities Corporation, member FINRA/SIPC, is dealer manager and placement agent for programs sponsored by Inland Investments and Inland Private Capital, respectively. For more information on Inland Securities Corporation, visit FINRA BrokerCheck.