TA Realty Acquires Solis Hills Apartments In Raleigh's Oberlin Neighborhood For $114.5M

The Solis Hills Apartments, an apartment complex located at 1331 Chester Road in Raleigh's Oberlin neighborhood, has been sold for $114.5 million. The buyer, TA Realty, a Boston-based investment firm, acquired the property from Charlotte developer Terwilliger Pappas. The transaction was completed on 10/03/2023.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $114,500,000
• Address: 1331 Chester Road, Raleigh, NC
• Market: Raleigh, NC
• Buyer: TA Realty
• Seller: Peter A. Pappas - Terwilliger Pappas
• Units: 315
• Price Per Unit (PPU): $363,492

The Solis Hills Apartments offer a desirable investment opportunity in Raleigh's Oberlin neighborhood. With 315 units, this multifamily property offers a total sale price of $114.5 million, resulting in a price per unit of approximately $363,492. The property is located at 1331 Chester Road in Raleigh, NC. TA Realty, a Boston-based investment firm, successfully acquired this asset from Charlotte developer Terwilliger Pappas.