Inland Real Estate Acquisitions, acquires Colorado apartment building

OAK BROOK - Inland Real Estate Acquisitions said it has acquired WestLink at Oak Station, a 244-unit multifamily property located in Lakewood, Colorado.

Terms of the acquisition were not announced

Located at 1665 Pierson Street in Lakewood, WestLink at Oak Station consists of seven three-story buildings containing 130 one-bedroom, 99 two-bedroom and 15 three-bedroom units. Each unit includes granite countertops, gourmet kitchens, nine-foot ceilings, oversized walk-in closets and a patio or balcony. Community amenities at the property include a resort-style swimming pool and spa, fitness center with a yoga studio, sun deck with cabanas and a business center.

As of the acquisition date, the property was 97 percent leased.

Mark Cosenza, senior vice president of Inland Real Estate Acquisitions, facilitated the transaction on behalf of an Inland affiliate.

"We're pleased to have closed on this high quality multifamily property that is newly constructed and located just across the street from the Oak Station RTD Light Rail, providing residents with easy access to downtown Denver," said Cosenza. "WestLink at Oak Station is surrounded by strong demographics and benefits from its proximity to the Denver Federal Center, St. Anthony Hospital and nearby office markets."