Oak Brook, Ill. – Inland Real Estate Investment Corporation (“Inland Investments”), an industry-leading vertically integrated real estate investment and finance company with over $16 billion in assets under management, announced the completion of more than $140 million in equity raised in the private investment offering of Inland Jersey City Multifamily DST (“the DST”), a Delaware statutory trust sponsored by Inland Private Capital Corporation. The offering has been fully subscribed by investors and is now closed.
The DST owns 295J Apartments (“295J”), a premier Class-A multifamily community located at 295 Johnston Avenue in Jersey City, New Jersey, approximately 11 miles from Manhattan. The property consists of a five-story building providing 309 apartment homes, comprised of 119 studio, 135 one-, 40 two- and 15 three-bedroom layouts. Each home features upscale amenities, including an open floor plan, high ceilings, oversized closets, custom cabinetry, gourmet kitchens, in-unit washer and dryer and ceiling-high windows.
Residents of 295J also have access to luxury community amenities including a resort-style swimming pool, a rooftop dog run with breathtaking views of Manhattan, a pet wash station, 24/7 concierge service, a lounge with co-working space, outdoor grilling stations with a fire pit, a courtyard lawn, Amazon lockers for package delivery and garage parking. Additionally, the ground level of the property includes 3,860 square feet of commercial space.
“The multifamily sector presents a significant growth opportunity as the U.S. faces a major housing shortfall1, affordability concerns and ongoing high interest rates,” said Matthew Fries, chief executive officer and president of Inland Investments. “295J offers individuals in search of modern, amenity-filled apartments in a walkable, commuter-friendly neighborhood exceptional value near New York City and a Hudson riverfront lifestyle. These demographic trends and preferences continue to drive strong demand in the multifamily market.”
295J is ideally situated in the fast-rising Bergen-Lafayette neighborhood near Liberty State Park with Hudson River waterfront views of New York City. The property is surrounded by multiple transit options to and from Manhattan, including the NJ Transit Light Rail, NY Waterway ferry terminal, 24-hour PATH service and the Hudson-Bergen Light Rail. Major thoroughfares in the area include I-78, Route 440, and the New Jersey Turnpike, providing additional accessibility options to employers within the neighborhood and Manhattan. 295J also offers residents convenient walkability to a vibrant mix of restaurants, boutique shops, retail destinations, and entertainment options.
Inland Investments specializes in offering public and private tax-advantaged, growth and income real estate solutions spanning virtually every sector of the commercial real estate market. Inland member companies have facilitated more than $56 billion in acquisitions since inception and currently manage a diverse real estate portfolio of approximately $16 billion across 42 states.
About Inland Real Estate Investment Corporation
Inland Real Estate Investment Corporation (“Inland Investments”), headquartered in Oak Brook, IL, is an industry-leading real estate investment manager and a member company of The Inland Real Estate Group of Companies, Inc. (“Inland”), one of the nation’s largest commercial real estate and finance groups. Named a Top Workplace by the Chicago Tribune for the past five years, Inland Investments specializes in offering public and private tax-advantaged, growth and income real estate solutions spanning virtually every sector of the commercial real estate market. Since 1968, Inland has engaged in the diverse facets of real estate, including property management, leasing, marketing, acquisition, real estate brokerage, development, redevelopment, construction, real estate financing and other related services, including a dedicated research team. Inland member companies have facilitated more than $56 billion in acquisitions since inception and currently manage a diverse real estate portfolio of approximately $16 billion across 42 states. Past performance is not a guarantee of future results.
1 U.S. Chamber of Commerce. The State of Housing in America. March 17, 2025.