Inland Acquires Long Island Property for $190M

FARMINGVILLE, N.Y. — Inland Real Estate Acquisitions, an affiliate of Inland Real Estate Group of Cos., has acquired The Arboretum for $190 million from BRP Cos. Located at 20 Maple Lane in Farmingville, The Arboretum sits on 62 acres. The 292-unit community was developed in 2024 and offers a mix of single-family homes, townhomes and garden-style apartments in two- and three-bedroom floor plans. Amenities include an outdoor heated pool with cabanas, a fitness center with yoga studios, tennis and bocce courts, a putting green, a playground and a 7-acre park with walking trails and picnic areas. The Arboretum is currently 98 percent occupied. The community has achieved a 65 percent retention rate with rent growth on renewals ranging from 2 to 4 percent. JLL’s Jose Cruz, Steve Simonelli, Rob Hinckley and Director Austin Pierce represented BRP in the transaction.