
CBRE Investment Fund Acquires Raleigh Class A Multifamily
CBRE Strategic Partners U.S. Value 9 has acquired The Legacy at Wakefield, a 369-unit residential property located at 14411 Calloway Gap Road, Raleigh, NC.
The Legacy at Wakefield is a Class A, garden-style apartment property that features one-, two- and three-bedroom units. Residents have access to various community amenities including a 24-hour fitness center, dog park, grilling stations, a fireplace lounge with screened veranda, clubhouse, a car wash center and 684 parking spaces.
“Acquiring this residential asset fits within our strategy of investing in high-quality properties located in markets that have strong economic fundamentals and rapid growth trajectories. We believe that the Legacy at Wakefield’s desirable location in a high-growth northern Raleigh suburb, with its access to a thriving community and major employment and research institutions, will provide long-term value for the residents and our investors,” said Managing Director, Residential Transactions for CBRE Investment Management Ben Green.
- ◦Sale/Acquisition