Inland Real Estate Acquisitions buys Berkshire Reserve Townhomes

BUYER: Naples Multifamily DST (Naples Multifamily Exchange LLC and The Corporation Trust Co.), Oak Brook, Ill.
SELLER: Benchmark Berkshire Associates Limited Partnership
PROPERTY: 3539 Winifred Row, Naples
PRICE: $15.9 million
PREVIOUS PRICE: $12.68 million, June 2003
LAW FIRM ON DEED: McGee & Gelman, Buffalo, N.Y.

PLANS, DESCRIPTION: Inland Real Estate Acquisitions Inc. purchased the Berkshire Reserve Townhomes, a 146-unit residential development in Naples for $15.9 million.

The price equated to $108,904 per unit.