PRESS ROOMNEWS RELEASE
Joe Cosenza, Vice Chairman, Leads Inland Real Estate Acquisitions Team to Purchase More than $50 Billion of Commercial Real Estate
Nicole SpreckInland Communications
Oak Brook, Ill. – Inland Real Estate Acquisitions, LLC (“Inland Acquisitions”), the purchasing arm of The Inland Real Estate Group of Companies, Inc. (“Inland” or “the company”), announced today that it has negotiated and closed more than 3,700 deals on behalf of Inland affiliates totaling more than $50 billion of commercial real estate across the nation since the company’s inception.
“Inland’s 3,700 purchases are mostly individual transactions, which are rare for bigger companies,” commented Joe Cosenza, vice chairman of The Inland Real Estate Group, LLC and president of Inland Real Estate Acquisitions, LLC. “Throughout all the economic cycles over the last half century one thing holds true: if I wouldn’t rent it, live in it or shop at it, then I wouldn’t consider acquiring the property.”
A few of the largest acquisitions done to-date by Inland Acquisitions include:
- $740 million, SunTrust Bank Branches
- $600 million, Amazon Distribution Centers
- More than 150 Walmart Stores
Inland has collectively purchased $28 billion in retail, $8 billion in apartments, $4 billion in hotels, $2 billion in industrial, $600 million in medical office, $600 million in self-storage, and $7 billion in various asset classes.
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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