Larry Gray

Riding a wave of limitless possibilities, floating offshore wind turbines could be a prominent source of renewable energy soon. Several deepwater “floaters” are already in operation around the world — primarily in Europe — and plans are in motion for the first such U.S. project. The plan is to install a floating wind turbine in the Gulf of Maine. Towering 850 feet above the ocean, the platform will be tethered to the seabed with thick metal cables.

Riding a wave of limitless possibilities, floating offshore wind turbines could be a prominent source of renewable energy in the near future. A number of deepwater “floaters” are already in operation around the world — primarily in Europe — and plans are in motion for the first such U.S. project. The plan is to install a floating wind turbine in the Gulf of Maine. Towering 850 feet above the ocean, the platform will be tethered to the seabed with thick metal cables.

Diversified Residential Portfolio III DST, a fund sponsored by Inland Private Capital Corp. (IPC), has raised $167 million from 286 investors to date, according to a recent Form D filing with the Securities and Exchange Commission. The fund is structured as a Delaware Statutory Trust designed to provide 1031 exchange investors the opportunity to defer taxes on gains from the sale of appreciated real estate.