Inland Real Estate Acquisitions, LLC, negotiated and closed the purchase of two senior living communities, Deer Park Village in Deer Park, Illinois, and The Landings in Batavia, Illinois.
Mark Cosenza, senior vice president of Inland Acquisitions, with assistance from Brett Smith, vice president and senior counsel of The Inland Real Estate Group, LLC, Law Department, completed the transaction on behalf of an Inland affiliate. The transaction also marks a historic milestone for Inland, with the firm now surpassing more than $1 billion in senior living acquisitions, totaling more than 20 communities in its senior living portfolio.
Inland’s senior living portfolio is comprised of more than 3,100 units and more than 20 communities across Arizona, Colorado, Illinois, Kansas, Michigan, Minnesota, Missouri, New Jersey and Tennessee. Deer Park Village is an upscale suburban village located about 35 miles northwest of downtown Chicago. It was built in 2016 and consists of 188 units. The Landings, a 142-unit senior living community in Batavia, was constructed in 2021.
Independence in West Sacramento, a new gated community of 208 townhome-style rental homes developed by Lewis Apartments, opened its leasing office and model homes to the public on Saturday, Oct. 24. Located in West Sacramento’s Southport/Bridgeway Island area, Independence introduces rental homes designed for residents who want the space and privacy of a single-family home...
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CBRE announced the sale of a 4.66-acre parcel at the northwest corner of County Highway MM and U.S. Highway 14 in Fitchburg, Wisconsin. Louisville, Kentucky-based Trilogy Real Estate Fitchburg LLC purchased the property from Fairchild Development LLC for $2.23 million, marking the company’s third location in the Madison market and expanding its footprint beyond its...
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Northmarq has arranged $95.8 million in refinancing for a six-property, 1,461-unit multifamily portfolio owned and operated by E&S Ring across Los Angeles and San Bernardino Counties. The financing was arranged through Voya Investment Management by Northmarq’s San Francisco Debt + Equity team, led by managing director Nathan Prouty, SVP Andrew Slaton Aand senior investment anaylst...
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