Home Alts News Inland Real Estate Acquisitions Buys $1.2 Billion of Multifamily Properties in 2022

Inland Real Estate Acquisitions Buys $1.2 Billion of Multifamily Properties in 2022

image_pdf

Inland Real Estate Acquisitions LLC, the purchasing arm for various Inland-sponsored programs including Delaware statutory trust investments, opportunity zone funds and non-traded real estate investment trusts, announced that it negotiated and closed the purchase of approximately $1.2 billion in multifamily properties on behalf of Inland-related entities throughout 2022.

The acquisitions total 4,313 rental units and more than 2 million square feet across 6 states located in the South and Western United States.

Joe Cosenza, vice chairman of The Inland Real Estate Group LLC and president of Inland Acquisitions, as well as Matthew Tice and Mark Cosenza, both senior vice presidents of Inland Acquisitions, are responsible for completing the purchases.

“From apartments, single-family rentals, senior and student housing to manufactured housing, we had an exciting year negotiating and closing a diverse set of multifamily deals for various Inland entities,” said Matthew Tice. “Our team’s acquisition expertise and agility throughout various economic cycles has allowed us to expand our acquisition strategy and target a wider variety of multifamily communities.”

“As we enter 2023, we are bullish on acquiring multifamily properties featuring premium amenities, high occupancy rates and located in desirable markets with strong demographics that provide renters with access to good schools, public transportation, retail areas and major employers,” said Mark Cosenza.

To date, Inland Acquisitions has completed the acquisition of more than $10 billion in multifamily assets, comprised of 569 properties throughout the United States totaling more than 96,000 units.

Click here to visit The DI Wire directory page.