Inland purchases Colorado multifamily property
OAK BROOK -- Inland Real Estate Acquisitions helped close the purchase of Black Feather Apartment Homes , an 83- unit multifamily property in Castle Rock, Colorado, a southern suburb of Denver.
Terms of the acquisition were not announced.
The property was constructed in 2016 and features a mix of townhouse, three-story walk-up apartments and owned condominium units . The transaction consisted of 48 two-bedroom, 32 three-bedroom and three four-bedroom apartments with 49 detached and 28 attached garages and 131 open parking spaces . Each unit at Black Feather Apartment Homes features nine-foot ceilings, stainless steel appliances , granite countertops and a full-size washer and dryer. The property also provides residents with access to a community swimming pool , clubhouse and barbecue areas.
As of August 1, the property was 96.4 percent occupied.
Matthew Tice, senior vice president of Inland Real Estate Acquisitions , Inc., facilitated ...