Inland Puts Down $75M for 4 Properties

CHICAGO—Inland Real Estate Acquisitions, Inc. acquired four additional properties in July on behalf of an Inland affiliate. The acquisitions total more than 476,000 square feet across four states and had a total purchase price of more than $75 million. The properties acquired include two apartment communities with a combined total of 278 units, one medical office building and a retail center.

The four properties include: Ascent Uptown Apartments, a mixed-use building in Denver with about 18,500 square feet and two retail spaces; Creekview Apartments, a Florida residential community with about 288,000 square feet; The Fountains, a 131,578-square-foot retail center anchored by Kohl’s and Academy Sports and located in Hixson, TN, an unincorporated community in Chattanooga; and Emerus Community Hospital, an approximately 38,000-square-foot building, located in Tomball, TX, a suburb of Houston, with emergency and acute care capabilities as well as space dedicated for medical offices.