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, 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.

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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.