Inland Real Estate Acquisitions, Inc. announced that it negotiated and closed the purchase of Alta Legacy Oaks, a 304-unit multifamily property located in Knightdale, North Carolina, a western suburb of Raleigh. Mark Cosenza, senior vice president of Inland Real Estate Acquisitions, Inc., completed the deal, with assistance from Brett Smith, assistant vice president and associate counsel of The Inland Real Estate Group, LLC, Law Department, on behalf of an Inland affiliate.