Capital to Kenwood
The seller, a repeat client, engaged Interra to help market a prime Kenwood address. Under the seller's management, the asset had been performing in a strong fashion for an extended period of time. Being in a highly desirable submarket where buildings of scale seldom become readily available, there was a high level of interest from a diverse set of prospective purchasers.
Ultimately, Interra was able to source an experienced out-of-state buyer who has been steadily adding critical mass to their portfolio in surrounding submarkets to Kenwood. The buyer plans to take advantage of the steady upward trajectory in rent growth in the neighborhood and bring the property to the next level.