Fifth Oak, a 388-unit luxury rental community, will be located at one of the few remaining large developable Interstate 540 interchange locations in Raleigh, North Carolina. The subject location off Interstate 540 provides easy access to all areas of the Triangle. Shopping, including grocery, restaurant and big box retail is located five minutes away at the interchange of Interstate 540 and US Route 264. Triangle Town Center Mall and all the affiliated retailers in that area is 4.7 miles and seven minutes away. The RDU International Airport is 20 minutes

Fifth Oak will consist of 388 rental units designed on nearly 49 acres with three different product types including 244 Traditional Garden Style Multifamily Units, 56 Modern Craftsman-Style Cottage Units (Single-Family-For-Rent or SFFR) and 88 Modern Style Town Home Units. There will be 24 single-car garages serving the Garden Style Units, 23 double-car garages and 7 single-car garages w/storage serving the Cottage Units and each Townhome will have a double-car garage. Amenities will include exterior home and landscape maintenance, open space with pickle ball courts, a clubhouse with leasing offices, activity spaces, a fitness center and a pool.