Inland surpasses $50 billion in real estate deals
OAK BROOK -- Inland Real Estate Acquisitions LLC, the purchasing arm of The Inland Real Estate Group of Cos. Inc., Thursday said it has negotiated and closed more than 3,700 deals on behalf of Inland affiliates totaling more than $50 billion of commercial real estate across the nation since the company's inception.
A few of the largest acquisitions to date include SunTrust Bank branches, $740 million; Amazon Distribution Centers, $600 million; and more than 150 Walmart stores.
"Inland's 3,700 purchases are mostly individual transactions, which are rare for bigger companies," said Joe Cosenza, vice chairman of The Inland Real Estate Group and president of Inland Real Estate Acquisitions. "Throughout all the economic cycles over the last half century, one thing holds true: If I wouldn't rent it, live in it or shop at it, then I wouldn't consider acquiring the property."
Inland has collectively purchased $28 billion in retail, $8 billion in apartments, $4 billion in hotels, $2 billion in industrial buildings, $600 million in medical offices, $600 million in self-storage companies, and $7 billion in various asset classes, it said.