CBRE Investment Management fund acquires class A residential property in Raleigh, N.C.

CBRE Strategic Partners U.S. Value 9 has acquired The Legacy at Wakefield, a 369-unit residential property located at 14411 Calloway Gap Road in Raleigh, N.C.

The Legacy at Wakefield is a class A, garden-style apartment property that features one-, two- and three-bedroom units with 42-inch cherry cabinets, walk-in laundry rooms with full-size washers and dryers, private patios/balconies, and built-in desks with shelving in select units. Residents have access to various community amenities, including a 24-hour fitness center, dog park, grilling stations, a fireplace lounge with screened veranda, clubhouse, a car wash center and 684 parking spaces.

“Acquiring this residential asset fits within our strategy of investing in high-quality properties located in markets that have strong economic fundamentals and rapid growth trajectories,” said Ben Green, managing director, residential transactions at CBRE Investment Management. “We believe that the Legacy at Wakefield�