Inland Real Estate Acquisitions, Inc. Announces the Acquisition of Eight Properties

Thursday, January 14, 2016

Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisition of eight properties purchased in December by Inland related parties. The acquisitions total more than 2.3 million square feet across seven states for a total purchase price of more than $385 million. The properties acquired include four multifamily communities, a student housing community with 512 beds, a shopping center, an industrial building and a single-tenant retail store.

The eight properties consist of:

  • Country Club West Apartments, an approximately 240,000-square-foot apartment complex with 288 units located in Greeley, Colorado
  • TJ Maxx at Treasure Valley, a 21,000-square-foot retail store located in Nampa, Idaho
  • Maple Leaf Apartments, a 71-unit condo-style multifamily property located in Arvada, Colorado
  • Uptown Square Student Housing, a newly constructed 248,672-square-foot student housing community with 512 beds located approximately one mile from the center of the Texas State University main campus in San Marcos, Texas
  • Marketplace at Tech Center, an approximately 210,000-square-foot shopping center located in Newport News, Virginia, with a roster of national tenants
  • Enclave at Charles Pond, a 200-unit apartment complex located in Coram, New York, on Long Island
  • Circa at FishHawk Ranch Apartments, a newly constructed 260-unit apartment complex located in Lithia, Florida
  • The Dow Chemical Company is constructing two new industrial warehouse facilities totaling 1,125,000 square feet, located on 98.5 acres in Addis, Louisiana

“We ended the year on a high note closing on these eight income-producing properties, resulting in a total of 2.3 million square feet,” said Joe Cosenza, president of Inland Real Estate Acquisitions, Inc. and vice chairman of The Inland Real Estate Group, Inc. “These properties were all well-leased and in desirable locations, and we will continue to look for similar properties across all asset classes.”

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.

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