Updated Sep 30, 2026
John Good Of VineBrook Homes Acquires 212 Townhomes In Knightdale And Wake Forest For $61.2M
542 Hodge Road & 1402 Solace Way
$61,200,000
Units
212
Asset Type
MultiFamily
Closing
Sep 29, 2026
About this deal
AI
The sale involved 212 multifamily townhomes located at 542 Hodge Road and 1402 Solace Way in Knightdale and Wake Forest, NC. The transaction was executed for a total price of $61,200,000, which translates to a price per unit of $288,679.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $61,200,000
- Buyer: John Good - VineBrook Homes
- Seller: Ken Balogh - Starlight Homes
- Seller: David Stallings - Shenandoah Homes
- Units: 212
The acquisition was made by VineBrook Homes Trust, part of the Dallas-based NexPoint company. This purchase included 92 units in Legacy Oaks from Shenandoah Homes for $30.25 million and 120 units in The Point from Starlight Homes for $30.9 million. This deal is part of VineBrook's strategy to expand its build-to-rent portfolio as market conditions adjust in Triangle townhome prices.
On the Map
$61,200,000
MultiFamily
View full map
Players
Knightdale MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
About $288.7K per unit across 212 units on a published $61.2M (2026).
Visit John Good to view all their deals.
Browse Knightdale multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93