PRESS ROOMNEWS RELEASE

Inland Acquires 306-Unit Multifamily Complex in Chicago Suburb

Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC (“Inland Acquisitions”) announced today that it negotiated and closed the purchase of Wheaton 121, a 306-unit multifamily property in Wheaton, Illinois, an affluent suburb located approximately 25 miles west of Chicago. Mark Cosenza, senior vice president of Inland Acquisitions, with assistance from Brett Smith, VP and associate counsel of The Inland Real Estate Group, LLC, Law Department, completed the transaction on behalf of an Inland affiliate.

Wheaton 121 at 121 North Cross Street, is comprised of five studio, 217 one-bedroom, 80 two-bedroom, and four three-bedroom units. The property boasts a number of luxury amenities including a resort-style pool, a 24-hour fitness room and a bocce ball court. Residents also have access to a heated garage with six EV charging stations.

“Wheaton 121 is another example of the opportunities Inland seeks in multifamily,” commented Cosenza. “This community is ideally located, offering residents a number of amenities and convenient accessibility to surrounding suburbs and the City of Chicago.”

The property is steps from downtown Wheaton, offering efficient access to the Metra and downtown Wheaton’s dining and entertainment district. Target, Mariano’s and Northwestern Rehab Hospital are also located nearby.  

The National Council for Home Safety and Security ranked Wheaton number 6 in the Top 100 Safest Cities in America. Wheaton has also been recognized as a top place to live by Money Magazine and Chicago Magazine.

At closing, Wheaton 121 was 94 percent occupied.

Since inception, Inland Acquisitions has facilitated more than $55 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.