The Inland Real Estate Group Acquires 292-Unit Multifamily Community In Farmingville For $190M

The transaction involves a multifamily asset, specifically a 292-unit luxury community known as The Arboretum, located at 20 Maple Ln in Farmingville, NY. The sale was finalized at a price of $190,000,000, resulting in a price per unit of $650,685.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $190,000,000
• Units: 292
• Price Per Unit: $650,685
• Buyer: The Inland Real Estate Group of Companies, Inc
• Seller: BRP Companies
• Brokers: Jose Cruz, Steve Simonelli, Rob Hinckley, Austin Pierce - JLL

JLL Capital Markets executed the sale representing BRP Companies in this transaction, which was closed with an affiliate of The Inland Real Estate Group. The successful negotiation highlights the effective collaboration among the brokers involved in the transaction.