Inland Real Estate Acquisitions, Inc. Announces the Acquisition of Four Properties
Nicole Spreck
Inland CommunicationsAugust 12, 2015
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today the acquisition of four properties purchased in July on behalf of an Inland affiliate. The acquisitions total more than 476,000 square feet across four states for a total purchase price of more than $75 million. The properties acquired include two apartment communities with a combined total of 278 units, one medical office building and a retail center.
The four properties include: Ascent Uptown Apartments, an approximately 18,500-square-foot mixed-use building with two retail spaces located in Denver; Creekview Apartments, an approximately 288,000-square-foot residential community located in Florida; The Fountains, a 131,578-square-foot retail center located in Hixson, Tennessee, with Kohl’s and Academy Sports as tenants; and Emerus Community Hospital, an approximately 38,000-square-foot building, located in Tomball, Texas, which contains a hospital with emergency and acute care capabilities as well as space dedicated for medical offices.
“Our team was pleased to close on nearly half a million square feet of excellent income-producing properties,” said Joe Cosenza, president of Inland Real Estate Acquisitions, Inc. and vice chairman of The Inland Real Estate Group, Inc. “These four properties are all newer construction and are well-occupied in desirable locations, and we will continue to look for similar properties across all asset classes for the remainder of the year.”
To date, Inland Real Estate Acquisitions, Inc. has purchased 2,290 retail centers, 60,177 apartments and 1,510 single-tenant properties (such as medical office buildings).
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.
The four properties include: Ascent Uptown Apartments, an approximately 18,500-square-foot mixed-use building with two retail spaces located in Denver; Creekview Apartments, an approximately 288,000-square-foot residential community located in Florida; The Fountains, a 131,578-square-foot retail center located in Hixson, Tennessee, with Kohl’s and Academy Sports as tenants; and Emerus Community Hospital, an approximately 38,000-square-foot building, located in Tomball, Texas, which contains a hospital with emergency and acute care capabilities as well as space dedicated for medical offices.
“Our team was pleased to close on nearly half a million square feet of excellent income-producing properties,” said Joe Cosenza, president of Inland Real Estate Acquisitions, Inc. and vice chairman of The Inland Real Estate Group, Inc. “These four properties are all newer construction and are well-occupied in desirable locations, and we will continue to look for similar properties across all asset classes for the remainder of the year.”
To date, Inland Real Estate Acquisitions, Inc. has purchased 2,290 retail centers, 60,177 apartments and 1,510 single-tenant properties (such as medical office buildings).
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.