Tishman Speyer Acquires 244-Unit Raleigh Rental Community
Tishman Speyer acquired The Maggie, a 244-unit rental community in Raleigh, its first in the region. TA Realty was the seller. Multihousing News reports the firm bought it in 2022 from TriBridge Residential for $91.2 million, or $373,770 per unit.
The property came online in 2014 at 401 Oberlin Road, on a 3-acre site. The apartments have studio, one-, two- and three-bedroom layouts ranging from 559 to 1,844 square feet.
Located in Raleigh’s Village District, The Maggie is 2 miles northwest of downtown Raleigh and close to North Carolina State University. Amenities include a fitness center, swimming pool, clubhouse, business center, lounge and game room, as well as a multi-level parking area and 9,000 square feet of retail space on the ground floor.
CBRE’s William Yowell, Tai Cohen, Kevin Kempf and Don Hoffman arranged the transaction.
Tishman Speyer has purchased more than 2,700 residential units across nine properties located in the U.S. and abroad.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout