PRESS ROOM

Real estate investment manager Inland Real Estate Investment Corporation and Devon Self Storage – both of which are members of The Inland Real Estate Group of Companies, Inc. – jointly announced that they have completed construction of a 59,837-square-foot, Class A self-storage facility located in Springfield, Mass.

Devon Self Storage Holdings LLC, one of the largest privately owned national self-storage operators, has announced a transformative 2024 with a 68% increase in portfolio value approaching $2 billion from 2023’s $1.16 billion. Driving this growth has been a robust expansion of the portfolio to over 188 stores expanding its national footprint to 32 states.

Inland Real Estate Acquisitions, LLC negotiated and closed the purchase of Wheaton 121, a 306-unit multifamily property in Wheaton, Illinois.

In late 2024, Inland Real Estate Acquisitions, LLC picked up Sawyer on Lincoln, a 673-bed student housing community in Columbia, S.C. Completed in 2023, the five-story property was fully leased at the time of the transaction.

Mark Cosenza, SVP of Inland Real Estate Acquisitions, LLC, facilitated the transaction of Summit Court, a 393-unit luxury apartment community located in Union, NJ, on behalf of the buyer, an affiliate of The Inland Real Estate Group of Companies, Inc. He received assistance from Michael A. Wilson and Gina R. LaMantia of Equis Law Group, LLC.

Inland Mortgage Capital originated and closed an $18.3 million non-recourse bridge loan for a multifamily property in Evans, Colorado.