Inland Real Estate Acquisitions has purchased Ashford East 88, a 322-unit multifamily property located in Thornton, Colo., a northeast suburb approximately 10 miles from downtown Denver.
Located at 101 East 88th, the property, which will be renamed Park 88 Apartment Homes, underwent significant interior and exterior renovations in 2014. The property consists of 14 three-story buildings.
As of January 29, 2018, the property was 95 percent occupied.
With this transaction, Inland Real Estate Acquisitions has now completed the acquisition of 5,183 units in the Denver metro area. To date, Inland Real Estate Acquisitions has facilitated more than $45 billion of purchases including single-tenant properties, medical office buildings, retail properties and a total of more than $5.27 billion in apartments.
