PRESS ROOMNEWS RELEASE
Inland Real Estate Acquisitions Purchases More than $1 Billion of Commercial Real EstateAugust 24, 2021
Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC (“Inland Acquisitions”), the purchasing arm of The Inland Real Estate Group of Companies, Inc. (“Inland”), announced today that it negotiated and closed more than $1 billion of commercial real estate in the first half of 2021 in the multifamily, self-storage, retail and industrial sectors. Inland Acquisitions facilitated the purchases on behalf of Inland affiliates.
“Multifamily, self-storage, medical office and industrial assets remain strong performers,” commented Joe Cosenza, vice chairman of The Inland Real Estate Group, LLC and president of Inland Real Estate Acquisitions, LLC. “Inland Acquisitions has another $1 billion of assets under contract for purchase to close before the end of the year in well located, high quality asset sectors.”
Some of Inland Acquisitions’ 2021 purchases include:
- Eighteen self-storage facilities for approximately $130 million located in AZ (5), FL (1), GA (2), IN (1) NJ (1), MI (1), OR (1) TX (5) and WA (1).
- Eleven Stop & Shop grocery stores for approximately $300 million located in RI (3), CT (3) and MA (5).
- A 312-unit multifamily community, Mercer at Lawrence Station Apartments, for approximately $118 million located in NJ.
- An Amazon Fulfillment Center for approximately $220 million located in OH.
The Inland Acquisitions team has collectively purchased 38 properties across 13 states since January 1, 2021, which includes 13 retail properties, more than 1,600 multifamily units, 18 self-storage facilities and an industrial center.
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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.