Mailman Road

Turnbridge Equities acquired 74 acres in Knightdale, NC in May 2024 for the development of a single family build for rent community. The off-market acquisition marks Turnbridge’s expansion of its Research Triangle portfolio into single family build to rent. Situated 15 minutes from downtown Raleigh, the 74 acre site will be developed as Mailman Post, a 302-unit residential development. The Project will include two-through five-bedroom units averaging approximately 1,650 square feet across two-and three-story buildings.  Each unit features its own backyard, garage, and front porch. The development contains 21.6 acres of open space, including a 4.5 acres of active recreation areas featuring pickleball and bocce courts, a putting green, playing fields, a dog park, and multiple tot lots, along with landscaped areas with public art, seating, and passive recreation.  Additionally, Mailman Post will include a clubhouse with a fitness center, a resident lounge, and coworking space for residents, along with a resort-style outdoor pool. Turnbridge anticipates breaking ground on the Project in Q3 2024, with deliveries of homes beginning in late-2025.

Mailman Road
Knightdale, NC
Knightdale, NC
Asset Class
Single Family Build to Rent
74 Acres
Date Acquired
May 2024
Date Sold
Currently Owned by Turnbridge