Retail center, medical building sold in Houston

HOUSTON – Inland Real Estate Acquisitions announced the acquisition of four properties purchased in July on behalf of an Inland affiliate.

The acquisitions total more than 476,000 sf across three states for a total purchase price of more than $75 million.

The properties acquired include two apartment communities with a combined total of 278 units, one medical office building and a retail center.

The two Texas properties acquired include:

• The Fountains, a 131,578-sf retail center located in Hixson with Kohl’s and Academy Sports as tenants.
   
• Emerus Community Hospital, an approximately 38,000-sf building, located in Tomball which contains a hospital with emergency and acute care capabilities as well as space dedicated for medical offices.

Read more at MultifamilyBiz.com.