PRESS ROOMNEWS RELEASE
Inland Real Estate Acquisitions, Inc. Facilitates the Purchase of a 360-Unit Multifamily Property in ColoradoNovember 20, 2017
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of 8000 Uptown Apartments, a 360-unit, class A, multifamily property located in Broomfield, Colorado, on the north side of Denver. Matthew Tice, senior vice president of Inland Real Estate Acquisitions, Inc., facilitated the transaction, with assistance from Brett Smith, assistant vice president and associate counsel of The Inland Real Estate Group, LLC, Law Department, on behalf of an Inland affiliate.
Recently constructed in 2015, 8000 Uptown Apartments is located at 8000 Uptown Avenue directly off I-36 and a short walk from the US 36 transit station. The property consists of 19 buildings with 160 one-bedroom, 170 two-bedroom and 30 three-bedroom units. Each unit features at least nine-foot ceilings, stainless steel appliances, quartz countertops, oversized windows, a washer and dryer and a private balcony or patio. Community amenities include a clubhouse with coffee and beer on tap, fitness center, business center, playground, resident lounge and a resort-style heated swimming pool.
“8000 Uptown Apartments’ prime location places residents just three miles from the Interlocken Technology business park, where many major employers, such as Ball Aerospace, Nexus, Vail Resorts and Oracle, have their headquarters,” said Tice. “Its high-end, class A amenities and ideal location outside of Denver made this property an attractive purchase and a prime example of the multifamily acquisitions we continue to seek out.”
As of October 27, 2017, the property was 96 percent occupied.
With this transaction, Inland Real Estate Acquisitions, Inc. has now facilitated the acquisition of nearly 4,000 units in the Denver metro. To date, Inland Real Estate Acquisitions, Inc. has facilitated more than $44 billion of purchases including single-tenant properties, medical office buildings, retail properties and a total of more than $4.8 billion in apartments.
# # #
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.