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Nuveen Real Estate Snags 360-Unit Raleigh MF Property

Global real estate investment manager Nuveen Real Estate has acquired Bell Wakefield, a 360-unit, garden-style multifamily community in the north Raleigh submarket for an undisclosed price. Sean Wood, John Heimburger, Dean Smith, Alex Okulski, John Munroe and Jason Kon of NKF represented the seller, Greensboro-based Bell Partners Inc., in the transaction.

Originally developed in 2000 by the Altman Companies, the property features nine-foot ceilings and a recently-renovated clubhouse that included package locker installation. Amenities include a resort-style pool, outdoor kitchen, firepit, fitness center and lighted tennis courts.

“Bell Wakefield boasts the largest floorplans in the submarket, and approximately 50% of the units include direct access garages, a feature that has consistently helped properties outperform others in the Triangle region,” said NKF’s Wood.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition
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