Inland Real Estate Group has completed the disposition of Westlink at Oak Station, an apartment community located at 1665 Pierson St. in Lakewood. The property traded for $71.5 million, marking a significant multifamily transaction for the seller. Inland originally acquired Westlink at Oak Station in 2016, when it purchased the community for $63 million.
The transaction underscores Inland’s ongoing portfolio activity in the multifamily sector. By exiting its investment in Westlink at Oak Station, Inland realizes a gain over its 2016 basis, based on the difference between the original acquisition price and the current sale price disclosed in the transaction details.
Westlink at Oak Station is an amenity-rich rental community. On-site features include a pool and hot tub, which provide residents with recreational and relaxation options. The property also offers fitness and business centers, supporting both wellness and work-from-home needs for renters. A clubhouse rounds out the amenity package, serving as a centralized space for resident gatherings and community interaction.
The acquisition of Westlink at Oak Station on the buyer’s side was facilitated by CBRE’s Denver Multifamily team. The team working on the transaction was led by brokers Shane Ozment and Terrance Hunt, who were responsible for overseeing the multifamily investment sale process. Their involvement connected the parties and helped bring the deal to completion, according to details provided on the transaction.
In addition to the investment sales component, debt financing for the acquisition was arranged by CBRE’s Debt and Structured Finance group. That team was led by Ryan Greer and Troy Tegeler, who structured the financing package to support the buyer’s purchase of the property. While specific loan terms and the lender were not disclosed, the presence of dedicated debt and structured finance professionals indicates that a formal financing process accompanied the change in ownership.
Inland Real Estate Group is a long-tenured participant in the commercial real estate industry. For nearly six decades, the firm’s dozen member companies have provided an end-to-end suite of services, including acquisitions, asset management, property management, operations, development, and finance products. The sale of Westlink at Oak Station is consistent with that broad platform, reflecting Inland’s role as an active investor and capital allocator across the commercial real estate cycle.
