In The News | Interra Realty Closes New Chicago Deal

Brad Feldman

Interra Realty is getting ready to wrap up an active summer season with a new transaction. The company has brokered a 1031 exchange sale of a 12-unit multifamily building located in Chicago’s Edgewater neighborhood, not far from a $16.5 portfolio transaction it arranged in June. The closing price was $2.1 million, or $180,000 per unit, while the cap rate averaged 7.5 percent.


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