Raleigh developer sells Summerville residential community

A Summerville luxury residential community has been sold to a Boston-based real estate investment firm. Raleigh, N.C.-based Terwilliger Pappas, a m...

March 2, 2023
2:12 AM

A Summerville luxury residential community has been sold to a Boston-based real estate investment firm. Raleigh, N.C.-based Terwilliger Pappas, a multifamily developer, has sold Solis Nexton, a 320-unit luxury residential community in Summerville, to West Shore. Financial details of the transaction were not disclosed. West Shore, a multifamily real estate investment firm, now owns and operates 45 properties with over 14,000 units in seven states, according to a news release. The sale marks the 29th community completed and sold by Terwilliger Pappas since the company's founding in 2013.

Jason Thomas