Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC (“Inland Acquisitions”) announced today that it negotiated and closed the purchase of The Arboretum, a 292-unit luxury multifamily property in Farmingville, New York, a hamlet and suburban community in Suffolk County on Long Island. Matthew Tice, 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 transaction.

Newly constructed in 2024 and located at 20 Maple Lane, The Arboretum is comprised of a unique mix of lofts, flats and townhome-style units with backyards as well as 50 detached single-family homes with private entries. The property boasts an array of luxury amenities including a heated resort-style pool and cabanas, a state-of-the-art fitness center with yoga studios, tennis and bocce courts, a putting green, a playground and a seven-acre park with nature paths and picnic areas.

“The Arboretum is a quintessential choice for residents seeking suburban New York living with luxury amenities,” said Tice. “The community’s desirable location - approximately 50 miles east of Manhattan and on Long Island - offers residents access to sought-after employment options and major transportation hubs, making this the type of multifamily property we continue to seek for acquisition.”

The Arboretum offers residents convenient access to prominent transportation routes, including the Long Island Expressway and Route 27, and is approximately 10 minutes from the LIRR Ronkonkoma station and 15 minutes from the Long Island MacArthur Airport. The property is also ideally located near major employers including East/West Industries, Stony Brook University, Northwell Health and Catholic Health Services of Long Island.

At closing, The Arboretum was 98 percent occupied.

JLL’s Capital Markets Investment Sales and Advisory team represented the seller and was led by Senior Managing Directors Jose Cruz, Steve Simonelli, Rob Hinckley, along with Director Austin Pierce.

Since inception, Inland Acquisitions has facilitated more than $56 billion of purchases across all asset types, with a more recent focus on student housing, multifamily, self-storage, 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.