Company on track to surpass record-breaking 2021 transaction totals
Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it has closed more middle-market multifamily transactions – defined as sales between $1 million and $85 million – than any other brokerage in the five-county Chicago metro area at midyear, according to data from CoStar Group.
Interra was both the top buyer broker and seller broker during the period, per CoStar. As buyer broker, Interra closed $250 million in sales, more than three times the total for the No. 2-ranked firm, which had $80 million in sales. As seller broker, Interra posted $180 million in sales, compared with nearly $120 million for the second-ranking firm in this category.
“Our leading market position is a direct reflection of the trust buyers and sellers have placed in us as a firm that leverages its hyperlocal, block-by-block expertise to add value to each transaction,” said Jon Morgan, co-founder and managing principal of Interra Realty. “This knowledge, coupled with our commitment to client service, has helped us establish many long-lasting relationships that have fueled our meteoric growth and established Interra as a destination for talent and training of up-and-coming brokers.
“Looking ahead, we see plenty of runway for this segment of the local multifamily market, which remains attractive to both local buyers and out-of-state investors in search of higher yields relative to coastal and Sun Belt markets,” he added.
Halfway through the year, Interra has already surpassed its total transaction volume for all of 2021, when it closed a record $382 million in transactions, up from $270 million in 2020 and $200 million in 2019. As Chicago’s No. 1 middle-market brokerage, Interra now handles almost 1 in 5 sales of apartment buildings up to 100 units, per CoStar.
About Interra Realty:
Founded in 2010, Interra Realty is a Chicago-based commercial real estate services firm that delivers integrated, tailored solutions through its boutique, client-focused approach and team of experienced professionals. Since its inception, the firm has closed thousands of transactions valued in excess of $2 billion spanning the multifamily, office and retail sectors, as well as loan sales. Interra’s clients range from private investors and high-net-worth individuals to large financial institutions, private equity groups and hedge funds. For more information, visit www.interrarealty.com.
