A Steele Creek apartment community has been sold for $46 million, Mecklenburg County real estate records show.
The Arbor Steele Creek apartments, a 384-unit, garden-style development on South Tryon Street near Steele Creek Road, was purchased by ASC Property LLC. in a deal that closed Jan. 13. ASC Property is affiliated with Charleston-based Blaze Partners, a boutique multifamily investment company.
ARA Newmark’s John Heimburger, Dean Smith and Sean Wood brokered the transaction. The seller was Arbor Steele Creek LLC, affiliated with Baltimore-based Alex Brown Realty, Inc, a private real estate investment manager.
Arbor Steele Creek was completed in 2003. Arbor Steele Creek LLC bought it in 2013 for just under $23.8 million.