Inland Group Purchases Another Colorado Multifamily Property

Error message

  • Notice: Undefined index: taxonomy_term in similarterms_taxonomy_node_get_terms() (line 518 of /home/rentalho/public_html/sites/all/modules/similarterms/similarterms.module).
  • Notice: Undefined index: taxonomy_term in similarterms_taxonomy_node_get_terms() (line 518 of /home/rentalho/public_html/sites/all/modules/similarterms/similarterms.module).
  • Notice: Undefined offset: 0 in similarterms_list() (line 221 of /home/rentalho/public_html/sites/all/modules/similarterms/similarterms.module).
  • Notice: Undefined offset: 1 in similarterms_list() (line 222 of /home/rentalho/public_html/sites/all/modules/similarterms/similarterms.module).
The Editors's picture
Inland group purchases another Colorado multifamily property

Inland Real Estate Acquisitions, Inc. has negotiated and helped close the purchase of Black Feather Apartment Homes, an 83-unit Colorado multifamily property located in Castle Rock, a southern suburb of Denver.

Located directly off I-25 in a major retail corridor of Castle Rock, the property was constructed in 2016 and features a mix of townhome, three-story walk-up apartments and owned condominium units.

The transaction consisted of 48 two-bedroom, 32 three-bedroom and three four-bedroom apartments with 49 detached and 28 attached garages and 131 open parking spaces.

Each unit at Black Feather Apartment Homes features nine-foot ceilings, stainless steel appliances, granite countertops and a full-size washer and dryer. The property also provides residents with access to a community swimming pool, clubhouse and barbecue areas

High-end Colorado Multifamily Property

“Black Feather Apartment Homes' prime location places residents just a short drive from Denver or Colorado Springs and within close proximity to a variety of retail destinations,”  Matthew Tice, senior vice president of Inland Real Estate Acquisitions, Inc.,  said  in a release.

 “Due to its high-end, condominium-quality finishes combined with convenient access to a major interstate, this property was an attractive acquisition opportunity and is an example of the type of multifamily properties we continue to seek out.”

As of August 1, 2017, the property was 96.4 percent occupied.

Tice facilitated the transaction, with assistance from David Neboyskey, assistant vice president and associate counsel of The Inland Real Estate Group, LLC, Law Department, on behalf of an Inland affiliate.

This transaction marks Inland Real Estate Acquisitions, Inc.’s 15th multifamily acquisition in Colorado. To date, Inland Real Estate Acquisitions, Inc. has facilitated more than $44 billion of purchases including apartments, single-tenant properties, medical office buildings and retail properties.

 

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.

Rate this article: 
No votes yet