FORT COLLINS, CO – Inland Real Estate Acquisitions, Inc. announced that it facilitated the acquisitions of two multifamily properties in March, Miramont Apartments and Pinecone Apartments, located in Fort Collins, Colorado. Matthew Tice, senior vice president of Inland Real Estate Acquisitions, facilitated the transactions on behalf of an Inland affiliate.

Located at 4900 E. Boardwalk Drive in Fort Collins, Miramont Apartments consists of 15 buildings containing 45 one-bedroom and 165 two-bedroom units. Each unit includes a private balcony or patio, hardwood floors, a gas fireplace, nine-foot ceilings and walk-in closets. Of the 210 units, 78 units have been recently upgraded to include new appliances, plank flooring, cabinet doors and countertops. Miramont Apartments also features a newly renovated clubhouse, detached garages, fitness center, swimming pool, hot tub and a dog park. The property is located near two golf courses and bike trails.

Pinecone Apartments, located at 2212 Vermont Drive in Fort Collins, is comprised of 13 buildings containing a total of 45 one-bedroom and 150 two-bedroom units. Amenities in each unit include brushed nickel fixtures, a gas fireplace, private balcony or patio, washer and dryer and walk-in closets. The property also features a heated swimming pool, club house, fitness center, business center, a dog park and detached garages. Pinecone Apartments is within walking distance to Fort Collins High School, Stewart Case Park and the Power Trail.

“We are pleased to have recently bought these two high-quality multifamily properties that are well-located in a prime market with historically high occupancy rates,” said Tice. “Miramont and Pinecone Apartments provide residents with desirable amenities, access to fantastic schools and brilliant proximity to major employers including Colorado State University, Hewlett Packard, Poudre Valley Health System, Agilent, Eastman Kodak Company and Anheuser-Busch.”

As of the acquisition date, both properties were 97 percent leased.

To date, Inland Real Estate Acquisitions, Inc. has facilitated more than $41 billion of buys including retail centers, apartments and single-tenant properties.

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SENECA, SC – Lexerd Capital Management, a New Jersey-based sponsor of private equity funds, announced that it has bought Clemson Ridge, a 120-unit garden style community located in Seneca, South Carolina. The buy consists of 10 three-tale apartment buildings. Clemson is currently managed by First Communities Management, Inc.

Terms of the transaction were not told.

Seneca is located in Oconee County, the northernmost county in South Carolina. Oconee County is well known for its pro-business climate and large industrial sector of Fortune 500 companies including Duke Energy Corporation, Johnson Controls, Inc., Schneider Electric, and BorgWarner Automotive. Clemson Ridge is situated on the western side of Seneca, less than a mile south of Seneca’s major retail corridor and seven miles from Clemson University. Seneca is very welcoming to new business owners and was named by the personal finance website NerdWallet as the “Best Place to Start a Business in South Carolina,” in April of 2015.

Ideally positioned between Atlanta and Charlotte, the Upstate region is the fastest-growing region in South Carolina. After BMW’s initial investment in the 1990s, other foreign companies established a substantial presence in the Upstate. Over the past two decades, the Upstate region’s population has grown nearly 29% and investment in growth industries including advanced materials, automotive manufacturing, biosciences and sustainable energy are continuing to go the region forward at a record pace. The region is one of the nation’s healthiest tertiary apartment markets, led by consistently strong employment and population growth.

Albert Lord III, CEO of Lexerd, said, “We are very excited to add Clemson to our portfolio. Located in the fastest growing region of South Carolina, with strong rental market fundamentals and employment levels higher than the state average, we expect Clemson to thrive as a result of recent capital improvements and follow the Upstate rental growth momentum. We believe opportunistic deals such as this demonstrate our ongoing commitment to the multi-family real estate sector and to our investment partners.”

Lexerd recently announced the acquisition of San Marco Village, a 106 unit, two-tale apartment community located in Jacksonville, Florida.

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IRVINE, CA – CoreLogic, a leading global property information, analytics and data-enabled services provider, released its CoreLogic Home Price Index (HPI) and HPI Forecast data for February 2016 which shows home prices are up both year over year and month over month.

Home prices nationwide, including distressed sales, increased year over year by 6.8 percent in February 2016 compared with February 2015 and increased month over month by 1.1 percent in February 2016 compared with January 2016, according to the CoreLogic HPI.

The CoreLogic HPI Forecast indicates that home prices will increase by 5.2 percent on a year-over-year basis from February 2016 to February 2017, and on a month-over-month basis home prices are expected to increase 0.6 percent from February 2016 to March 2016. The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.

“Fixed-rate mortgage rates dropped more than one-quarter of a percentage point in the first three months of 2016, and job creation averaged 209,000 over the same period,” said Dr. Frank Nothaft, chief economist for CoreLogic. “These economic forces will sustain home buys during the spring and support the 5.2 percent home price appreciation CoreLogic has projected for the next year.”

“Home prices continue to rise across the U.S. with every state posting year-over-year gains during the last 12 months,” said Anand Nallathambi, president and CEO of CoreLogic. “Improved economic conditions and tight inventories continue to drive exceptionally strong gains in many markets, especially for homes priced below $500,000.”

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