In The News | Interra Realty brokers $7.8M sale of affordable housing portfolio on Chicago’s West and South Sides

David Goss
Jon Morgan
Lucas Fryman
David Goss
Jon Morgan
Lucas Fryman
Multi-Family
News
Transactions

Interra Realty brokered the $7.8 million sale of a 14-building, 289-unit portfolio of affordable apartments located primarily on Chicago’s West Side. The buyer, Chicago-based real estate investment firm Villa Capital Partners (VCP), purchased the portfolio from Chicago-based nonprofit NHS Redevelopment and plans to spend about $3 million to renovate the properties, which will remain affordable under a seven-year contract with the city.

Read article: RE Journals