Inland Acquires Long Island Multifamily Property for $190M

Inland Real Estate Acquisitions LLC, the purchasing arm for various Inland-sponsored programs including Delaware statutory trusts, has acquired The Arboretum, a 292-unit luxury multifamily property in Farmingville, N.Y., a suburban community in Suffolk County on Long Island.

Inland purchased the property for $190 million from BRP Companies. JLL Capital Markets represented the seller in the transaction.

Newly constructed in 2024 and located at 20 Maple Lane, The Arboretum is comprised of a mix of lofts, flats and townhome-style units with backyards, as well as 50 detached single-family homes with private entries. The property features diverse amenities including a heated resort-style pool and cabanas, a state-of-the-art fitness center with yoga studios, tennis and bocce courts, a putting green, a playground and a seven-acre park with nature paths and picnic areas.

“The Arboretum is a quintessential choice for residents seeking suburban New York living with luxury amenities,” said Matthew Tice, senior vice president of Inland Acquisitions. “The community’s desirable location, approximately 50 miles east of Manhattan and on Long Island, offers residents access to sought-after employment options and major transportation hubs, making this the type of multifamily property we continue to seek for acquisition.”

The Arboretum offers residents convenient access to prominent transportation routes, including the Long Island Expressway and Route 27, and is approximately 10 minutes from the LIRR Ronkonkoma station and 15 minutes from the Long Island MacArthur Airport. The property is also located near major employers including East/West Industries, Stony Brook University, Northwell Health and Catholic Health Services of Long Island.

At closing, The Arboretum was 98% occupied.

Since inception, Inland Acquisitions has facilitated more than $56 billion of purchases across all asset types, with a more recent focus on student housing, multifamily, self-storage, senior living and manufactured housing communities. In December 2025, the purchasing arm announced the acquisition of a three-property student housing portfolio with The Scion Group. The portfolio is comprised of more than 1,800 beds across purpose-built student housing communities serving the campuses of Purdue University, Baylor University, and the University of Virginia.

Headquartered in Oak Brook, Ill., the Inland Real Estate Investment Corporation, i.e., Inland Investments, is a real estate investment manager and a member company of The Inland Real Estate Group of Companies Inc., one of the nation’s largest commercial real estate and finance groups. Inland Investments specializes in offering public and private tax-advantaged, growth and income real estate solutions spanning virtually every sector of the commercial real estate market.

Earlier this month, The Inland Real Estate Group appointed Michael Collins as head of global wealth for its subsidiary, Inland Securities Corporation – the dealer-manager and placement agent for real estate investment programs offered by Inland and its affiliates.

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