Inland Real Estate acquisition, Inc. IREA announces today the purchase of Nantucket Apartments, a recently-constructed 394-unit fashionable apartment building complex located in Loveland, Ohio, a suburb of Cincinnati.
The possessions were acquired for $35 million on behalf of Inland American Real Estate Trust, Inc. Located on a 28-acre site; the possessions offers a variety of amenities, as well as a resort pool, a stocked fishing lake, a putting green and a movie theater. The purchase was made easy by Lou Quilici, senior vice president of IREA.
"Apartments stay highly attractive possessions in any gaining environment," Quilici said. "Newer properties like Nantucket Apartments, which have a lot to offer occupants and are located in markets with physically powerful demographics, will continue to perform well."
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The possessions were acquired for $35 million on behalf of Inland American Real Estate Trust, Inc. Located on a 28-acre site; the possessions offers a variety of amenities, as well as a resort pool, a stocked fishing lake, a putting green and a movie theater. The purchase was made easy by Lou Quilici, senior vice president of IREA.
"Apartments stay highly attractive possessions in any gaining environment," Quilici said. "Newer properties like Nantucket Apartments, which have a lot to offer occupants and are located in markets with physically powerful demographics, will continue to perform well."
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