Timberline Real Estate Ventures has purchased The Wilde student apartments in Raleigh for $44.35 million. The seller, Cardinal Group, originally acquired the property in 2018 for $42.45 million.
Situated on nearly 16 acres at 3333 Melrose Club Blvd., just south of Interstate 40, the property consists of 210 units spread across 16 three-story buildings.
Originally built in 1996, The Wilde student apartments underwent renovations in 2011 and 2022. The apartments, available in two-, three-, and four-bedroom layouts, lease for $775 to $905 per bedroom. Each unit comes fully furnished and features quartz countertops, stainless steel appliances, and an in-unit washer and dryer.
Residents enjoy private study rooms and complimentary campus shuttle service.
The Wilde off-campus student living experience near NC State University is just minutes from campus, The Wilde offers a range of exceptional features and amenities that vary from normal student housing. Community upgrades are soon to be made. Units from spacious two, three, and four-bedroom apartments are all fully furnished and available for lease by the bed. Pet-friendly community boasts enticing amenities, including a newly upgraded resort-style pool, sun deck, and dedicated dog park.
Updated clubhouse featuring enhanced fitness center upgrades and new study spaces. With improved common areas and eco-friendly updates alongside renovated units, these enhancements are just the start of a brighter, more modern community.
Timberline Real Estate Ventures is a privately held investment firm that specializes in student housing. Timberline Real Estate Ventures is a fully integrated, operationally focused real estate operator and investment manager focused on the residential sector.
