Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisition of Maple Leaf Apartments, a 71-unit condo-style multifamily property located in Arvada, Colorado. Sharon Anderson-Cox, senior vice president of Inland Real Estate Acquisitions, facilitated the transaction on behalf of the buyer, an Inland affiliate. The seller was an affiliate of Real Capital Solutions, Inc., and was facilitated by Vice President of Multifamily Ken Cope.
Constructed in 2013, Maple Leaf Apartments is located at 7010 Simms Street in Arvada, approximately 10 miles from Denver and 20 miles southeast of Boulder. The property consists of six two-story apartment buildings containing a total of 16 one-bedroom and 55 two-bedroom units and a total of 74 parking spaces. Each unit includes class-A finishes such as 10-foot ceilings, fireplaces, stainless steel appliances, full-size washers and dryers and a balcony or patio. The property also features an outdoor barbeque area, 24-hour maintenance, access to nearby creeks and trails, while select units include direct access garages.
“We are pleased to have closed on the purchase of Maple Leaf Apartments,” said Anderson-Cox. “This high quality multifamily property’s premium amenities combined with its ideal location near major employers and two major cities, Denver and Boulder, is a draw for residents and commuters.”
Ken Cope added, “It was wonderful to work with Inland as a buyer. The sale completes our business plan of building a best-in-class community and exceeding our investors’ expectations once again.”
To date, Inland Real Estate Acquisitions, Inc. has facilitated more than $41 billion of purchases including retail centers, apartments and single-tenant properties.
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About Inland Real Estate Acquisitions, Inc.
Inland Real Estate Acquisitions, Inc. is the purchasing arm for various entities that are a part of The Inland Real Estate Group of Companies, Inc., a group of independent legal entities, some of which may be affiliates, share some common ownership or have been sponsored or managed by Inland Real Estate Investment Corporation or its subsidiaries (collectively, “Inland”). For additional information, please refer to Inland’s website at www.inlandgroup.com.
About Real Capital Solutions, Inc.
Headquartered in Louisville, CO, Real Capital Solutions is a nationally-focused value add investor and developer. The company offers active capital with an emphasis on street level solutions. They focus on providing capital and financial support, business planning, macro research, financial credibility, deal structure expertise, team building and back office operations. For more information about Real Capital Solutions, visit http://www.realcapitalsolutions.com.