Inland Residential Properties Trust has acquired The Verandas at Mitylene, a 332-unit, gated community, apartment complex in Montgomery, Ala.
Constructed in 2007, The Verandas at Mitylene consists of 14 three-story buildings containing a total of 24 one-bedroom, 248 two-bedroom and 60 three-bedroom units. As of June 30, 2017, the property was approximately 91 percent leased.