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Inland Real Estate Acquires 304-Unit Alta Legacy Oaks Apartment Community in North Carolina
MultifamilyBiz.com December 7, 2017
Inland Real Estate Acquisitions, Inc. announced that it negotiated and closed the purchase of Alta Legacy Oaks, a 304-unit multifamily property located in Knightdale, North Carolina, a western suburb of Raleigh. Mark Cosenza, senior vice president of Inland Real Estate Acquisitions, Inc., completed the deal, with assistance from Brett Smith, assistant vice president and associate counsel of The Inland Real Estate Group, LLC, Law Department, on behalf of an Inland affiliate.
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Inland Residential to Stop Accepting Subscriptions on December 31
The DI Wire December 4, 2017
Inland Residential Properties Trust, Inc., a publicly registered non-traded real estate investment trust, will stop accepting subscription agreements after December 31, 2017, according to a filing with the Securities and Exchange Commission. The REIT plans to continue offering shares under its distribution reinvestment plan after the termination of the primary offering in February 2018 – three years after the registration was declared effective by the SEC.
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​Inland Wins Illinois Business Ethics Award
Chain Store Age November 30, 2017

For the third time in five years, The Inland Real Estate Group of Companies, Inc. received a Torch Award from the Better Business Bureau of Chicago and Northern Illinois. The distinction is reserved for companies displaying exemplary business ethics practices.

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Inland Real Estate Group of Companies Gets BBB Torch Award for Marketplace Ethics
Highbeam Research November 30, 2017
“This is a prestigious award to receive once, let alone three times” said Steve Bernas, president and chief executive officer of the BBB serving Chicago and Northern Illinois. “Inland prides itself on its integrity and doing business the right way and on behalf of the BBB, I want to congratulate Inland’s employees.”
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​Chicago’s Inland Real Estate Group of Companies Earns Ethics Award
REJournals November 29, 2017

The Inland Real Estate Group of Companies, Inc. in Oak Brook, Illinois, has been named the recipient of the 2017 Torch Award for Marketplace Ethics by the Better Business Bureau serving Chicago and Northern Illinois. The award was presented at the recent 21st Annual BBB Awards Luncheon Ceremony. This is the third Torch Award for Marketplace Ethics that Inland has received from the BBB. Inland received its other ethics awards in 2009 and 2014.

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Inland REIT Explores Possible Transition to Publicly Traded
CoStar November 28, 2017

One of the first non-traded REITs formed in the aftermath of the Great Recession, Inland Real Estate Income Trust, Inc., said it is evaluating various options, one of which may be a possible transition to a publicly traded REIT. The Chicago-based REIT approved a 1-for-2.5 reverse stock split and also changed its company’s distribution policy from monthly to quarterly. In addition, the REIT has notified stockholders that it intends to engage an investment bank to assist in exploring and evaluating potential strategies to maximize shareholder value.

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Inland Mortgage Capital Closes $7.5 Million Loan for Student Housing Property
Daily Herald November 22, 2017

Oak Brook-based Inland Mortgage Capital, LLC said it closed on a $7.5 million non-recourse bridge loan for a 298-bed, townhouse-style, student housing property located in Bloomington, Indiana, approximately 3 miles southwest of the Indiana University campus.

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