PRESS ROOMNEWS RELEASE
Inland Real Estate Acquisitions, Inc. Facilitates the Purchase of Village Gardens ApartmentsNovember 02, 2017
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of Village Gardens Apartments, a 141-unit multifamily property located in Fort Collins, Colorado, approximately one hour north of Denver. Matthew Tice, senior vice president of Inland Real Estate Acquisitions, Inc., facilitated the transaction, with assistance from David Neboyskey, assistant vice president and associate counsel of The Inland Real Estate Group, LLC, Law Department, on behalf of an Inland affiliate.
Located at 1025 Oxford Lane, Village Gardens Apartments consists of 12 buildings with 39 one-bedroom, 66 two-bedroom and 36 three-bedroom units. Unit features include upgraded countertops, wood-style flooring, new cabinets and updated light fixtures. Community amenities include a fitness center, dog park, fire pit with gas grills, sand volleyball court, life-size chess set and an all-season indoor pool.
“Village Gardens Apartments marks the fourth multifamily property that Inland Real Estate Acquisitions, Inc. has helped purchase in Fort Collins,” said Tice. “Our familiarity with this market and the property’s close proximity to Colorado State University, various retailers and major employers made this an attractive purchase and a prime example of the multifamily acquisitions we continue to seek out.”
As of October 26, 2017, the property was 97 percent occupied.
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 $4.7 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.