Inland Paid $509M For Colorado Properties In 2017
Inland Real Estate Acquisitions LLC paid about $509M for eight multifamily properties in Colorado throughout 2017.
To date, Inland has completed the purchase of 22 multifamily properties totaling 5,183 units across the state. The properties are primarily along Colorado’s Front Range, including in Aurora, Arvada, Brighton, Broomfield, Castle Rock, Colorado Springs, Denver, Fort Collins, Lakewood, Loveland and Westminster.
“We have continued to see strong economic drivers and demographics throughout Colorado, signaling a need for multifamily properties and a want for renters,” Inland Senior Vice President Matthew Tice said.
Throughout the United States, Inland Real Estate Acquisitions has purchased 502 multifamily and student housing properties totaling 77,431 units for a total purchase price of more than $5.2B.
“When looking for individual assets, we are open to multiple classes of products but strive to acquire high-quality properties in prime locations that serve as employment hubs, retail trade areas or are easily accessed by public transportation,” Inland Senior Vice President Mark Cosenza said.