Tishman Speyer Enters Raleigh With Multifamily Purchase

January 27, 2026

Finance & Investment Luxury News Raleigh-Durham More Southeast

The community last traded in 2022.

Exterior shot of The Maggie, a 244-unit community in Raleigh, N.C. — The property comprises interconnected structures that rise three, four and five stories. *Image by Charlie Sarratt and Sky Site Images, courtesy of Tishman Speyer*

Marking its first purchase in the metro, Tishman Speyer has acquired The Maggie, a 244-unit upscale community in Raleigh, N.C. CBRE arranged the deal.

TA Realty had previously owned the asset, according to Yardi Matrix information. 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. The residential property is across the road from a shopping center.

Shared 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 Vice Chairmen William Yowell and Tai Cohen, together with Executive Vice President Kevin Kempf and Senior Vice President Don Hoffman, arranged the transaction.

Over the past years, Tishman Speyer has purchased more than 2,700 residential units across nine properties located in the U.S. and abroad. Currently, the company’s portfolio comprises assets in 13 U.S. states.

Raleigh’s multifamily wrapped

In 2025, Raleigh registered almost $1.3 billion in multifamily sales, with 36 assets changing hands at an average per-unit price of $220,444, according to Yardi Matrix, marking an increase from the previous year’s figures. In 2024, the metro saw nearly $1.2 billion in sales, with 31 properties trading at an average price of $190,147 per unit.

As of September 2025, Raleigh’s average advertised asking rent dropped 0.3 percent on a trailing three-month basis, to $1,553, a recent Yardi Matrix metro report shows. A month prior, the city’s occupancy rate increased 10 basis points year-over-year, to 94.0 percent.