(Read more on the debt and equitymarkets.)
OAK BROOK, IL-Inland Institutional Capital Partners Corp, basedhere, is teaming up with LIP Holdings LLC, an affiliate ofIndianapolis-based Lauth Investment Properties LLC for an expected$1 billion in developments. Inland Institutional Capital PartnersCorp. negotiated the transaction for Inland American Real EstateTrust Inc.
Inland American will invest $250 million, with an initialinvestment of $80.4 million, in a preferred equity investment withLIP Holdings. Inland will invest $25 million on a quarterly basisthrough year-end of 2008. Inland was advised in the transaction byGeorge Pandaleon, president of Inland Institutional CapitalPartners. The investment period is seven years, Pandaleon says.
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