CONNECTCRE: Interra Claims Leadership in Middle-Market Apartment Deals
CHICAGO, IL – Interra Realty said it has closed more middle-market multifamily transactions than any other brokerage in the five-county Chicago metro area at midyear, according to data from CoStar Group. Halfway through the year, Interra has already surpassed its total transaction volume for all of 2021, when it closed a record $382 million in transaction.
Interra was both the top buyer broker and seller broker during the period, per CoStar. As buyer broker, Interra closed more than three times the total for the No. 2-ranked firm, which had $80 million in sales. As seller broker, Interra posted 50% more sales volume than the second-ranking firm in this category.
“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,” said managing principal Jon Morgan.
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