Timberline buys 210-unit, 600-bed Raleigh Student Housing Project, The Wilde, for $44.35M ($211k/unit | $74k/bed) from Cardinal Group

  • 3/17/2025

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Timberline Real Estate Ventures bought The Wilde student apartments in Raleigh for $44.35 million. The seller, Cardinal Group, acquired the property in 2018 for $42.45 million. 

Located on nearly 16 acres at 3333 Melrose Club Blvd. on the south side of Interstate 40, the property, not far from North Carolina State, has 210 units in 16 3-story buildings.

Cardinal Group
Greg Martini | SVP, Head of Student Housing

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