Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC (“Inland Acquisitions”) announced today that it negotiated and closed the purchase of more than $374 million in self-storage properties on behalf of Inland-related entities throughout 2022. The acquisitions total 17,265 units and more than 1.8 million square feet across 11 states.
Mark Cosenza and Matthew Tice, both senior vice presidents of Inland Acquisitions, are responsible for facilitating the purchases.
“We found these properties attractive for acquisition due to the premium amenities they offer,” said Cosenza. “While amenities depend on the market, as some are more heavily climate controlled while others are non-climate controlled, many of the newer facilities offer drive-in or drive-through access to provide ease of loading and unloading while also giving customers enhanced security.”
To date, Inland Acquisitions has completed the acquisition of more than $1.9 billion in self-storage assets, comprised of 226 properties throughout the United States totaling more than 122,000 units.
“Last year, we continued to expand our self-storage portfolio footprint by seeking large acquisitions as well as redevelopment opportunities with our partners, leading us into several new markets across the U.S.,” said Tice. “The Southern and East Coast regions will continue to be a strong focus for us going forward as we look to achieve the same number or more transactions this year.”
Since inception, Inland Acquisitions has facilitated more than $54 billion of purchases including single-tenant properties, medical office buildings, self-storage, apartments and retail properties.
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About Inland Real Estate Acquisitions, LLC
Inland Real Estate Acquisitions, LLC assists in identifying potential acquisition opportunities, negotiates acquisition-related contracts and acquires real estate assets for the various entities that are a part of The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and finance groups, which is comprised of independent legal entities, some of which may be affiliates, share some common ownership or have been sponsored and managed by such entities or subsidiaries thereof (collectively, “Inland”). For additional information, please refer to Inland’s website at www.inlandgroup.com.
