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InPoint Commercial Real Estate Income sells $10.7M in common shares in May

InPoint Commercial Real Estate Income Inc. closed the sale of approximately 393,131 shares of its class P common stock in May, for an aggregate purchase price of approximately $10.7 million.

The shares were sold in connection with the private placement of up to $500 million of class P shares to investors, which started Oct. 25, 2016.

As of May 5, the company has sold a total of approximately 3,116,410 class P shares to investors under the private placement for total gross proceeds of approximately $83.9 million.