Real Estate
After a decade of ownership, the REIT sold the 76,768-square-foot property for $9 million. : Inland Private Capital Corp. has sold its leasehold interest in a 76,768-square-foot office building in Rio Rancho, N.M., to an undisclosed buyer for $9 million. A subsidiary of the seller facilitated the transaction on behalf of North Albuquerque Office DST, one of REIT’s 1031 investment programs. The original investment program also included a 377,332-square-foot office asset in Hunt Valley, Md., which recently traded for $99.3 million. The property previously changed hands in 2008 and provided a 9.76 percent average annualized return to investors.

In this article