Wrightwell Expands to Raleigh-Durham with 40-Unit Townhome Community BTR Acquisition and Property Management Launch

Wrightwell Expands to Raleigh-Durham With 40-Unit Townhome Community BTR Acquisition and Property Management Launch

• Wrightwell Acquires Parkside Townhomes and Launches Third-Party Property Management Services in North Carolina
• New Market Entry Marks Growth in BTR and Residential Real Estate Operations Across the Southeast‍
• Parkside Townhomes is a 40-Unit, Class-A BTR Community located at 2012 Alston Avenue, Cary, NC

‍RALEIGH, Jul. 1, 2025 –  Wrightwell, a vertically integrated real estate platform offering comprehensive operational and investment services to captive capital partners and third-party clients, has expanded into the Raleigh market with the acquisition and management takeover of Parkside Townhomes—a newly constructed, amenitized 40-unit Class-A BTR community in Cary, NC. The transaction closed on May 29, 2025, with Wrightwell assuming full operational control and property management responsibilities at closing.

This strategic acquisition marks Wrightwell’s official entry into the Raleigh-Durham region and the expansion of its third-party property management services for build-to-rent (BTR), multi-family (MF) and single-family rentals (SFR) across North Carolina.

“Parkside reflects the kind of asset we’re seeking to invest in—and help others operate,” said Anthony DePalma, Co-Founder and CEO of Wrightwell. “We’re here to support owners, investors and developers with a full-service platform built to scale with care.”

Located at 2012 Alston Avenue in Cary, Parkside Townhomes features 40 energy-efficient, two-story townhomes delivered in 2023. Each unit offers private garages, modern interiors, and access to greenway trails. The property is situated near major employment nodes, including Research Triangle Park, with direct access to I-540 and Parkside Town Commons.

Transaction Snapshot:

• Asset Type: Class-A Garden-style Townhomes | Amenitized BTR community
• Units: 40 Townhomes | Average unit size: 2,065 SF
• Closed in 45 Days
• Status: Stabilized

A Platform Built for Execution

Wrightwell combines high-performance discipline with an operator’s mindset, delivering in-house services in acquisitions, brokerage, construction, asset management, and property management. The platform now operates in seven states: Arizona, Alabama, Georgia, South Carolina, Tennessee, Texas, and North Carolina.

“At Parkside, we’re already executing a full operational lift—investing in landscaping upgrades, launching on-site support, and introducing a better resident experience from day one,” said Alex Kahn, Co-Founder and COO. “This is the Wrightwell standard: fast execution, full alignment, and results that build trust.”

Open for Third-Party Business

Wrightwell is now accepting third-party property management assignments across the Triangle and greater Southeast. The firm specializes in stabilized and lease-up BTR, multifamily, and SFR communities.

“We’re not just managers—we’re investors, builders, and partners,” added DePalma. “We understand what matters to your investors and your residents. We protect the brand, drive NOI, and elevate the experience.”

Own, develop, or sell BTR communities in the Southeast? Let’s talk: Deals@wrightwell.co.

‍Media Contact:

Jessica Rutledge
jrutledge@wrightwell.co
917-683-6820

‍

--------------

About Wrightwell

Wrightwell is a vertically integrated real estate platform offering comprehensive operational and investment services to captive capital partners and third-party clients. The company operates five core business lines: Brokerage, Construction, Property Management, Asset Management, and REO Management. Clients can choose individual services or engage in a more comprehensive partnership. For more information, please visit: www.wrightwell.co.