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Inland Acquisitions Buys Northern New Jersey Apartment Community for $131.5M

Summary by REBusinessOnline

UNION, N.J. — Inland Acquisitions, a division of Chicago-based investment firm The Inland Real Estate Group of Cos., has purchased Summit Court, a 393-unit apartment community located in the Northern New Jersey township of Union. The sales price was $131.5 million. Built in phases between 2018 and 2023, Summit Court comprises 210 one-bedroom units and 183 two-bedroom apartments that feature stainless steel appliances and private washers and drye…

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REBusinessOnline

Inland Acquisitions Buys Northern New Jersey Apartment Community for $131.5M

1 day ago

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NJBIZ

Luxury apartment community in Union sells for $132M

With 393 units, luxury apartment community Summit Court in Union recently sold for $131.5 million. JLL Capital Markets announced the transaction Feb. 19. The firm represented the seller, a joint venture of Millburn-based Fidelco Realty Group and Diversified Properties of Montville. Mark Cosenza, senior vice president of Inland Real Estate Acquisitions LLC facilitated the deal on behalf of the buyer, an affiliate of The Inland Real Estate Group o…

2 days ago

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