Key Facts
Asset TypeOffice
Debt or EquityEquity
Realized IRR11.89%
Realized Net Multiple1.57x
Total Capitalization$6,221,500
Strategy
Core+
Closing DateJuly 2016
Property Details
West Raleigh, a core suburban submarket with more than 8.4 MSF of inventory, has historically been one of the region’s best-performing submarkets. West Raleigh offers exceptional stability because of its central and highly accessible location, robust amenity base, proximity to high- income residential areas, and access to major economic hubs such as Research Triangle Park, Downtown Raleigh, NC State University and the R&D Centennial Campus. Accordingly, West Raleigh is typically one of the strongest suburban office submarkets in the Triangle, boasting higher-than- market rents and occupancy rates, as tenants focus on well-located property with nearby amenities.