Oak Brook, Ill. – Inland Institutional Capital Partners Corporation announced today that the company has successfully negotiated a $300 million joint venture with Stephens & Stephens LLC, a subsidiary of D. R. Stephens & Co., on behalf of Inland American Real Estate Trust, Inc. (“Inland American”). The joint venture will focus on the acquisition and redevelopment or repositioning of industrial and R&D properties in the Silicon Valley and San Francisco Bay Area. Under the terms of the agreement, Inland American will contribute $90 million to the joint venture and D.R. Stephens will contribute $10 million.
Inland Institutional Capital Partners Corporation acted as an advisor to Inland American, and D.R. Stephens & Company was advised in the transaction by Steven Fenster and Michael Campbell of The Carlton Group.
Inland Institutional Capital Partners Corporation, a part of The Inland Real Estate Group of Companies, Inc., specializes in raising private equity and identifying large scale investment opportunities. Since its inception in 2006, Inland Institutional Capital Partners has completed capital raising and financial advisory transactions with a value in excess of $4.3 billion.
Inland American Real Estate Trust, Inc. is a real estate investment trust focused on acquiring and owning a diversified portfolio, including retail, office, multi-family and industrial properties within the United States and Canada, either directly, or by acquiring REITs or other "real estate operating companies”. As of March 1, 2007, the company’s portfolio consisted of wholly owned and joint venture interests in 106 properties, for a total of approximately 18 million square feet. Inland American is one of four REITs that are, or have been, sponsored by affiliates of The Inland Real Estate Group of Companies, Inc. For further information regarding Inland American, please refer to the company website at www.inland-american.com
D.R. Stephens & Company was founded in 1973 by Donald R. Stephens. The company targets the acquisition of industrial and R&D properties in the San Francisco Bay Area, and currently owns more than 3.5 million square feet of gross leasable area.