Wood Partners Unveils Grand Opening of Exceptional New Residential Community in Raleigh

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Nov 08, 2023, 10:00 ET

RALEIGH, N.C., Nov. 8, 2023 /PRNewswire/ -- Wood Partners, a national leader in multifamily real estate development, in partnership with PGIM Real Estate, today announced the grand opening of their latest residential community, Alta Town Center, located in Raleigh, North Carolina.

Located in Northeast Raleigh at 6501 Town Center Drive, Alta Town Center is situated in one of the Triangle’s fastest growing areas. With quick access to both I-540 and Capital Boulevard, residents will benefit from excellent connectivity throughout the Triangle. In addition, the community is located within minutes of an abundance of retail options.

"We are thrilled to see Alta Town Center come to life as we welcome residents to our new extraordinary property in Raleigh,” said Caitlin Shelby, Managing Director for Wood Partners. “We are confident that Alta Town Center will provide an exceptional living experience by combining high-quality amenities, comfortable homes, and a convenient location. We look forward to seeing residents thrive and create lasting memories here."

Alta Town Center offers 336 apartment homes comprised of one-, two- and three-bedroom floor plans. Homes will feature stainless-steel appliances, granite countertops, tile backsplashes, in-unit washer and dryer sets, large walk-in closets, and sizeable balconies.

Alta Town Center also offers a wide range of attractive amenities, including a resort-style pool with poolside cabanas, outdoor grilling and lounge areas, outdoor fitness equipment, and an on-site pet park and pet spa. Inside the community club house, residents will enjoy a state-of-the-art fitness center, coworking spaces, and areas to mingle, such as the hospitality bar and game room.

PGIM Real Estate invested in Alta Town Center through Impact Value Partners (IVP), its private equity impact fund that invests in affordable housing and transformative development in the U.S.

For more information, please visit https://www.altatowncenter.com/.

About Wood Partners

Wood Partners is a national leader in the development, construction, and management of multifamily communities across the United States. The company has been involved in the acquisition and development of more than 95,000 multifamily homes with a combined capitalization of $20 billion. The company currently owns 80+ properties across the United States representing more than 25,000 units, as well as providing property management for an additional 55 third-party assets representing 14,000 units. Headquartered in Atlanta, Wood Partners has offices in 22 major markets across 15 states nationwide. The company also operates an award-winning, full-service property management group that proudly operates both properties developed by Wood Partners and communities owned by third parties. For four years running, Wood Partners has ranked No. 1 nationally for online reputation in the J Turner ORA™ Power Rankings (Division III). For more information, visit woodpartners.com.

Contact: Donya Mansoorian, [email protected]

About PGIM Real Estate

As one of the largest real estate managers in the world with $206.8 billion in gross assets under management and administration,¹ PGIM Real Estate strives to deliver exceptional outcomes for investors and borrowers through a range of real estate equity and debt solutions across the risk-return spectrum. PGIM Real Estate is a business of PGIM, the $1.4 trillion global asset management business of Prudential Financial, Inc. (NYSE: PRU).

PGIM Real Estate's rigorous risk management, seamless execution, and extensive industry insights are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing,² and the deep local expertise of professionals in 32 cities globally. Through its investment, financing, asset management, and talent management approach, PGIM Real Estate engages in practices that ignite positive environmental and social impact, while pursuing activities that strengthen communities around the world. For more information visit pgimrealestate.com.

¹ As of June 30, 2022, net AUM is $136.3 billion and AUA is $45.6 billion.
² Includes legacy lending through PGIM's parent company, PFI.

SOURCE Wood Partners