Inland Real Estate Investment Corporation, based in Oak Brook, Illinois, has completed the equity raise for its Inland Jersey City Multifamily DST, a Delaware statutory trust sponsored by Inland Private Capital Corporation. The private investment offering secured more than $71.7 million in equity from investors. According to Inland, the offering is now fully subscribed and has been closed to new investment.
The Inland Jersey City Multifamily DST holds 295J Apartments, a multifamily property at 295 Johnston Avenue in Jersey City, New Jersey, approximately 11 miles from Manhattan. The asset is configured as a five-story apartment building that delivers a total of 309 residential units. The unit mix includes 119 studio apartments, 135 one-bedroom units, 40 two-bedroom layouts and 15 three-bedroom residences, offering a range of options for renters.
Interior features highlighted by Inland include open floor plans, high ceilings and custom cabinetry in each unit. The apartments are also equipped with in-unit washers and dryers and ceiling-high windows, positioning the building with finishes and conveniences that align with contemporary renter preferences. These specifications support the property’s positioning within the Jersey City multifamily market and reflect ongoing investor focus on well-amenitized assets.
Commenting on the broader context for the offering, Matthew Fries, chief executive officer and president of Inland Investments, noted that the multifamily sector represents a significant growth opportunity. He cited the U.S. housing shortfall, affordability challenges and persistently high interest rates as key dynamics shaping investment demand for the sector. Against this backdrop, the successful subscription of the Inland Jersey City Multifamily DST underscores ongoing investor interest in multifamily-focused Delaware statutory trust structures.
Separately, Inland-related multifamily market activity will be a topic of discussion at industry events in the region. On Tuesday afternoon, June 2, 2026, the Connect Midwest Multifamily Trends Conference is scheduled to take place, featuring a keynote interview with JDL Founder Jim Leitchinger following his receipt of the Changing Skyline Award. The conference aims to offer market participants an opportunity to hear perspectives from active multifamily developers and investors operating in the Midwest and beyond.
The completion of the Inland Jersey City Multifamily DST equity raise and the full subscription of the offering illustrate how private capital continues to be deployed into stabilized multifamily assets through DST structures. While specific financing details for 295J Apartments are not disclosed, the transaction highlights the role of alternative ownership and investment vehicles in channeling equity into high-demand rental housing markets, particularly in locations with proximity to major employment centers such as Manhattan.
