Inland Buys Nearly $2 Billion in 2015
Inland Real Estate Acquisitions, Inc., the purchasing arm for various Inland-sponsored programs, including various Delaware statutory trust investments and non-traded real estate investment trusts, facilitated the acquisition of 61 properties purchased throughout 2015.
The acquisitions total more than 9.4 million square feet across 25 states for a total purchase price of more than $1.9 billion. The properties acquired include 12 multifamily communities, 25 shopping centers, 14 single-tenant retail stores, three student housing communities, four medical buildings, a freight facility, an athletic facility and an industrial building.
“I love buying properties that work for our funds and so does my staff,” said Joe Cosenza, president of Inland Real Estate Acquisitions and vice chairman of The Inland Real Estate Group. “As we look ahead to 2016, we will continue to search for stable properties located in desirable markets within a variety of asset classes.”
To date, Inland Real Estate Acquisitions, Inc. has facilitated the purchase of more than $41 billion of properties, which included 2,310 retail centers totaling $25 billion, 422 apartments properties totaling $3 billion and 1,526 single-tenant properties totaling $12 billion (such as medical office buildings).
