5801 S. Dorchester Avenue

The Cloisters is an architecturally significant multifamily asset that had been pridefully owned by a non-profit for 60 years. After receiving an unsolicited offer, the non-profit was introduced to Interra to perform a valuation. We were engaged to exclusively market the property and generated tremendous interest in a short period of time. The pricing greatly exceeded the value of the unsolicited offer and competition drove the price higher than our target pricing. The Buyer was selected not only because of their aggressive price and terms but because of their large portfolio of similar properties and the Seller’s confidence that they would be a good steward of the property for years to come.