Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC ("IREA” or “Inland Acquisitions”) announced today that it negotiated and closed the purchase of a 4-Star recreational vehicle (“RV”) park in Salem, Oregon. Mark Cosenza, senior vice president of Inland Acquisitions, with assistance from David Neboyskey, VP and associate counsel of The Inland Real Estate Group, LLC, Law Department, completed the deal on behalf of an Inland affiliate.
“I’m thrilled to acquire Inland’s first RV Park in Oregon complete with RV storage opportunities,” commented Cosenza. “The park’s ideal location within walking distance to local grocery and service-based retail combined with resort-like amenities provide an exceptional experience for residents. Based in the heart of RV country, and located in the third largest city in Oregon, the property’s excellent reputation, beautiful grounds, central location and limited competing alternatives make this the type of acquisition we continue to seek.”
The property, Phoenix RV Park & Storage located at 4130 Silverton Road NE, is consistently rated as one of the top RV parks in the Northwest by esteemed industry authorities Trailer Life and the Good Sam Club. The community consists of approximately 10 acres with 107 RV sites, 45 RV storage spaces and 12 storage pods with an array of on-site conveniences including full hookups, spacious pull-thru and back-in sites, RV supplies and propane. The park also features additional amenities such as a clubhouse with a full kitchen, fitness center, playground, picnic areas, dog park and laundry facilities.
The asset was 92 percent occupied at closing.
Since inception, Inland Acquisitions has facilitated more than $55 billion of purchases across all asset types, with a more recent focus on multifamily, self-storage, student housing, senior living and manufactured housing communities.
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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.
