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Inland Real Estate Lends a Hand in Colorado Sale


Inland Real Estate Acquisitions Inc. arranged the sale of Arterra Place ... three-bedroom units ranging in size from 700 to 1,306 square feet. Located at 17036 E. Ohio Drive, in the eastern suburb of Denver, Arterra Place offers convenient access to ...


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Arterra Place Apartments Inland Real Estate Acquisitions Inc. arranged the sale of Arterra Place Apartments, a 200-unit community located in Aurora, ColoAccording to data provider Yardi Matrix, Landbank Investments sold the asset for $36.1 million, or $180,580 per unitSenior Vice President Matthew Tice of Inland Real Estate Acquisitions Inc., together with the managing counsel for Charles JBenvenuto P.Cand Gina LaMantia, arranged the transaction on behalf of an Inland affiliate. The eight two- and three-story buildings feature one-, two- and three-bedroom units ranging in size from 700 to 1,306 square feetLocated at 17036 EOhio Drive, in the eastern suburb of Denver, Arterra Place offers convenient access to Interstate 225Additionally, the community is close to the Denver International Airport, Fitzsimmons and Lowry. Nearly at full occupancy Built in 2015, the property features common area amenities such as: fitness center clubhouse swimming pool playground spa business center media room barbecue/picnic area with grills fireplace Additionally, the first floor includes a total of 375 parking spacesAccording to Yardi Matrix, the community was 99.5 percent occupied as of October  “Arterra Place Apartments was an attractive acquisition opportunity due to its high-quality amenities and ideal location in the highly desirable suburb of Aurora, Colo.” Tice said in a statement“With more than 320,000 residents within a five-mile radius, the property provides residents with convenient access to a major interstate as well as a choice of several highly rated schoolsThis property is a prime example of the types of multifamily acquisitions we continue to seek out, and marks the 10th transaction we’ve negotiated and closed in the Denver metro area.” Image courtesy of Yardi Matrix If you’d like to be featured in Brokers’ Corner, send your deal to deals@cpe-mhn.com Inland Real Estate Acquisitions Inc. Landbank Investments Related Posts Transwestern Secures $23M Sale of 2 Denver Assets 21 November 2017 10:53 ARA Leads $38M CO Community Transaction 04 October 2017 14:04 Marcus & Millichap Arranges $13M Sale 02 October 2017 23:42 CRA, GTIS Acquire Denver Property 20 September 2017 17:19 Inland Closes 141-Unit CO Community Sale 03 November 2017 11:05 Regions Northeast West South Midwest Mid-Atlantic International National Change City " class="chosen chosen-select linked-chosen" tabindex="2"> Cities.. Albuquerque Atlanta Austin Baltimore Boston Charlotte Chicago Cincinnati Cleveland Columbus Dallas Denver Detroit Honolulu Houston Indianapolis Inland Empire Jacksonville Kansas City Las Vegas Los Angeles Miami Minneapolis-StPaul Nashville-Knoxville New Orleans New York Orange County Orlando Philadelphia Phoenix Pittsburgh Portland Raleigh-Durham Richmond Sacramento Salt Lake City San Antonio San Diego San Francisco San Jose Seattle StLouis Tampa Washington DC About Us Contact Advertising Editorial Guidelines Industry Links Archive Tags Subscribe to MHN News by City Albuquerque Atlanta Austin Baltimore Boston Charlotte Chicago Cincinnati Cleveland Columbus Dallas Denver Detroit Honolulu Houston Indianapolis Inland Empire Jacksonville Kansas City Las Vegas Los Angeles Miami Minneapolis-StPaul Nashville-Knoxville New Orleans New York Orange County Orlando Philadelphia Phoenix Pittsburgh Portland Raleigh-Durham Richmond Sacramento Salt Lake City San Antonio San Diego San Francisco San Jose Seattle StLouis Tampa Washington DC Connect with MHN Facebook Twitter Google+ LinkedIn YouTube Pinterest Instagram Digital Editions Magazine Archive

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