Apr 05 2016 | by DI Wire
Inland Real Estate Acquisitions, the purchasing arm for various Inland-sponsored programs including various Delaware statutory trust investments and non-traded real estate investment trusts, purchased two multifamily properties, Miramont Apartments and Pinecone Apartments, located in Fort Collins, Colorado. The purchase prices were not disclosed.
“We are pleased to have recently purchased these two high-quality multifamily properties that are well-located in a prime market with historically high occupancy rates,” said Matthew Tice, senior vice president of Inland Real Estate Acquisitions. “Miramont and Pinecone Apartments provide residents with desirable amenities, access to great schools and excellent proximity to major employers including Colorado State University, Hewlett Packard, Poudre Valley Health System, Agilent, Eastman Kodak Company and Anheuser-Busch.”
I subscribe to Blue Vault to keep up with the sponsors and their wholesalers! The analysis keeps me up to date with the various portfolios and the way they are managed, including the differences between them.