CBRE Investment Management Acquires Legacy At Wakefield Multifamily Complex In Raleigh, NC For $79.9M

The Legacy at Wakefield, a 369-unit garden-style apartment complex located at 14411 Calloway Gap Road in Raleigh, North Carolina, has been sold. The property was acquired by CBRE Investment Management in a recent transaction. The sale price for the multifamily asset was $79,900,000, with an average price per unit of $216,531.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $79,900,000
• Units: 369
• Price Per Unit: $216,531

CBRE Investment Management has purchased The Legacy at Wakefield, a 369-unit garden-style apartment complex in Raleigh, North Carolina. This transaction marks an important milestone in the local real estate market, showcasing the continued interest of investors in the multifamily sector. The strategic acquisition of this property aligns with CBRE Investment Management's investment strategy and demonstrates their confidence in the growth potential of the Raleigh market.