Inland Real Estate Acquisition has purchased Union West Apartments, a 267-unit, class A multifamily property located in Lakewood, Colo., a submarket of Denver.
Recently constructed in 2016, Union West Apartments consists of 20 studios, 141 one-bedroom, 90 two-bedroom and 16 three-bedroom units. The property also offers a garage with 402 covered parking spaces and 18 open spaces.
As of December 31, 2017, the property was 92.5 percent occupied and 94.75 percent leased.
With this transaction, Inland Real Estate Acquisitions has now completed the acquisition of 4,600 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 billion in apartments.
