**Timberline Real Estate Ventures Acquires The Wilde Student Apartments for $44.35M**
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 complex 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 a range of amenities, including a swimming pool, fitness center, clubhouse, private study rooms, recreation and game areas, basketball and volleyball courts, a dog park, grilling stations, and complimentary campus shuttle service.
The Triangle Business Journal reports that further renovations are planned, including upgrades to common areas, individual units, and the pool area.
Timberline Real Estate Ventures is a privately held investment firm that specializes in student housing.
