In this article, we analyze the added cost of borrowing that is represented by financing costs other than interest rates.

On December 18, 2018, stockholders approved a liquidity event providing for the sale of all assets of Inland Residential and the distribution of the net proceeds to stockholders.

The REIT purchased the property in 2015 for $45.7 million.

The purchasers currently do not own any shares in the Oak Brook, Ill.-based company, and are expected to pay up to about $2.3 million if all the shares are tendered under the offer.

The REIT’s Business Manager estimated that its real estate sales values, less transaction costs, payments due to related parties, plus cash and other assets net of liabilities, and less debt, totaled $35.1 million.

Blue Vault has been tracking nontraded REIT full-cycle performance since 2012 when our first edition, containing 17 REITs, of the Blue Vault Nontraded REIT Full-Cycle Performance Study was launched.

Inland Residential Properties began its IPO in February 2015 and closed its offering in January 2018 after raising approximately $51.5 million, including DRIP.

The Commons at Town Center property was purchased on May 3, 2017, from an unaffiliated third party for $23.0 million, plus closing costs.

Inland Residential Properties Trust, Inc. is pursuing a liquidity event after the Company’s board of directors determined...