Search
 
Thought Leadership

Inland Targets Multifamily—Again

OAK BROOK, IL--Inland Real Estate Corp. had a record 2015 in grocery-anchored retail (as GlobeSt.com reported exclusively). Can they do the same with multifamily in 2016?

here Inland’s 2015 apartment purchases neared $600 million, says Cosenza. “This year, we plan to expand that.”

OAK BROOK, IL—Mark Cosenza is a man of his word. The SVP of Inland Real Estate Acquisitions told GlobeSt.com late last year that multifamily would once again be a major push for his group, the sourcing entity for Inland Private Capital and Inland’s residential REIT, Inland Residential Properties Trust. To judge by January activity alone, he’s sticking to the plan. Whether or not residential delivers the banner year that retail did in 2015 remains to be seen. One thing’s for sure. It won’t be for want of trying.

“Last year we finished with 15 apartment deals,” he tells GlobeSt.com. “Our total purchase price was just under $600 million. This year, we plan to expand that—and outdo ourselves.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Salustri

John Salustri

John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.

More from this author

Recommended Stories

GlobeSt. Multifamily Fall 2024Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.