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Inland Real Estate Acquisitions Acquires 308-Unit Multifamily Community in Las Vegas, Nevada

LAS VEGAS, NV - Inland Real Estate Acquisitions announced that it facilitated the acquisition of The Wyatt Apartments, a 308-unit multifamily property located in Las Vegas, Nevada, approximately six miles west of Las Vegas Boulevard. Mark Cosenza, senior vice president of Inland Real Estate Acquisitions, facilitated the transaction on behalf of an Inland affiliate. Located at 7017 South Buffalo Drive in Las Vegas, The Wyatt Apartments consist of 26 two-story buildings containing 110 one-bedroom, 166 two-bedroom and 32 three-bedroom units. Built in 2015, each unit includes stainless steel appliances, nine-foot ceilings, ceiling fans, in-unit washer and dryer and a 50-inch flat screen smart TV. The property also features resort-style pools with cabanas, a 24-hour fitness center, a dog park, bike storage, an on-site cafe and a theater room. “We are pleased to have closed on this high quality multifamily property that has strong demographics and is located in the growing southwest submarket along the I-215 corridor,” said Cosenza. “Not only are The Wyatt Apartments in close proximity to numerous retailers and restaurants, but the property is also a mile away from Dignity Health – St. Rose Dominican Hospital.” As of the acquisition date, the property was 96 percent leased. To date, Inland Real Estate Acquisitions, Inc. has facilitated more than $43 billion of purchases including retail centers, apartments and single-tenant properties. SEPTEMBER 8, 2016

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