DENVER, CO – Inland Real Estate Acquisitions announced that it negotiated and closed the buy of 8000 Uptown Apartments, a 360-unit, class A, multifamily property located in Broomfield, Colorado, on the north side of Denver. Matthew Tice, senior vice president of Inland Real Estate Acquisitions, facilitated the transaction, with help from Brett Smith, assistant vice president and associate counsel of The Inland Real Estate Group Law Department, on behalf of an Inland affiliate.

Recently constructed in 2015, 8000 Uptown Apartments is located at 8000 Uptown Avenue directly off I-36 and a small walk from the US 36 transit station. The property consists of 19 buildings with 160 one-bedroom, 170 two-bedroom and 30 three-bedroom units. Each unit features at least nine-foot ceilings, stainless steel appliances, quartz countertops, oversized windows, a washer and dryer and a private balcony or patio. Community amenities include a clubhouse with coffee and beer on tap, fitness center, business center, playground, resident lounge and a resort-style heated swimming pool.

“8000 Uptown Apartments’ prime location places residents just three miles from the Interlocken Technology business park, where many major employers, such as Ball Aerospace, Nexus, Vail Resorts and Oracle, have their headquarters,” said Tice. “Its high-end, class A amenities and ideal location outside of Denver made this property an attractive buy and a prime example of the multifamily acquisitions we continue to seek out.”

As of October 27, 2017, the property was 96 percent occupied.

With this transaction, Inland Real Estate Acquisitions has now facilitated the acquisition of nearly 4,000 units in the Denver metro. To date, Inland Real Estate Acquisitions, Inc. has facilitated more than $44 billion of buys including single-tenant properties, medical office buildings, retail properties and a total of more than $4.8 billion in apartments.

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PORTLAND, ME – WNC, a national investor in real estate and community development initiatives, announced that new construction of St. Ignatius, a 66-unit senior housing community in Sanford, Maine, is complete. WNC provided approximately $8.6 million in low-income housing tax credit (LIHTC) equity to help fund the project.

“This was a unique project that included renovating the existing church building, and combining it with new construction to produce the St. Ignatius senior housing community,” said WNC Executive Vice President and Chief Operating Officer Michael Gaber. “The completion of St. Ignatius will help in meeting the current need for senior housing in the area, and will also aid in the revitalization of the City of Sanford. The site will continue to hold significant value to the local community by providing quality affordable housing to its senior citizens.”

St. Ignatius will offer a below market price housing option for residents ages 55 years and older who earn 50 percent and 60 percent of the area’s median income.

Located at 6 St. Ignatius Street, the community is comprised of 65 one-bedroom units and one studio unit. Amenities include onsite management, a community room, elevator, centralized laundry room, social services, gazebo and controlled entry.

DBH Management II Inc., a Portland, Maine-based nonprofit, received financing for the construction. David Twomey, Chief Financial Officer and Chief Operating Officer of the Roman Catholic Diocese of Portland, served as the developer for the project.

WNC is a national investor in real estate and community development initiatives, as well as a leading investor in low-income housing tax credits (LIHTC). WNC has bought more than $7.7 billion of assets totaling in excess of 1,300 properties in 45 states, Washington D.C., and the U.S. Virgin Islands.

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CORONA, CA – Foremost Companies has announced the grand opening of its first two all-age neighborhoods at Terramor, a new unique multigenerational master-plotted community that will include 1,443 single-family homes spanning sixteen neighborhoods when completed. As the master developer of Terramor, Foremost Companies will celebrate KB Home’s debut of six model homes within its new Sorrel and Caraway all-age neighborhoods, at an event on November 18, 2017. The public is invited to tour the new model homes, delight in refreshments and take in the breathtaking views from these new neighborhoods in a prime location within Riverside County.

“We are excited for the opening of the first two all-age neighborhoods at Terramor and the opportunity to provide quality housing and lifestyle amenities to people of all ages in a region of Southern California that is currently underserved,” said Steve Cameron, President of Foremost Companies. “The response to Terramor has been overwhelmingly positive with strong sales continuing at Del Webb’s two existing 55+ neighborhoods, Cortina and Ardena. The opening of KB Home’s Sorrel and Caraway neighborhoods will further enhance the home and lifestyle offerings at this multigenerational master-plotted community.”

The 170 homes in KB Home’s two new neighborhoods will offer a unique array of features and amenities for families of all ages. Sorrel includes three floor plans, ranging in sizes from 2,229 to 2,620 square feet, up to five bedrooms, two and a half to four bathrooms, and a two-car garage. Caraway includes three floor plans, ranging in size from 2,282 to 2,787 square feet, with up to six bedrooms, two and a half to four bathrooms, and a two-car garage.

“KB Home’s Sorrel and Caraway communities will be the first communities in Terramor open to homebuyers of all ages and represent a prime opportunity to buy into this exciting new masterplan,” said John Fenn, president of KB Home’s Inland Empire division. “With a plethora of shopping, dining, and entertainment options available just minutes away in Corona, Sorrel and Caraway’s location adjacent to The Veranda social center is appealing to families looking to balance a small community atmosphere with modern conveniences.”

Along with KB Home, Terramor’s phase one builders also include Del Webb and CalAtlantic Homes. Actively selling, Del Webb’s Cortina and Ardena 55+ neighborhoods include 240 single-family homes with a variety of modern styles and floor plans ranging from 1,579 to 2,172 square feet. An impressive 65 homes have been sold to date between the two neighborhoods since opening in May 2017. Anticipated to open this winter, CalAtlantic Homes is building Sterling, another 55+ neighborhood, which will offer four new one- and two-tale home designs that will range in size from approximately 2,206 to 2,483 square feet.

The Veranda, a social center for all Terramor residents, is now open. It includes an outdoor pool with sundecks and a toddler pool with a beach entrance, an outdoor barbecue and entertaining for all residents to delight in, connect, and socialize. Currently under construction for 55+ residents, The Terrace Club, a six-acre recreational area with a 20,000-square-foot clubhouse, will offer a resort-style pool with surrounding cabanas offering relaxation and socialization, extensive fitness center with indoor pool, tennis, bocce ball and pickleball courts.

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