INDIANAPOLIS—Inland Real Estate Acquisitions,Inc. just completed the $60.5 million purchase of SolanaApartments at the Crossing, a 384-unit, class A multi-housingcommunity located about 10 miles north of downtown Indianapolis.Milhaus completed the community in April and it isalready 95% leased.
“The Indianapolis market needed new supply,” MarkCosenza, vice president of Inland Real EstateAcquisitions, Inc., tells GlobeSt.com, and the quick lease up isproof of that. Inland was also attracted to this property due toits location. “You're minutes away from the Carmel office corridorbut you also have an easy commute into Indianapolis. It's situatedperfectly.”
HFF marketed the property on behalf of Milhaus.The HFF investment sales team was led by associate directorWick Kirby along with executive managing directorMatthew Lawton and director KenMartin. The Indianapolis-based Milhaus primarily developsmixed-use and multifamily real estate and currently has projectsunderway throughout the Midwest and Oklahoma. Oak Brook, IL-basedInland Real Estate Acquisitions, Inc. facilitates acquisitions forthe companies that comprise The Inland Real Estate Group ofCompanies, Inc.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
