Capstone Apartment Partners is pleased to present Steele
Creek Rivergate, a 2021 construction, Class A garden-style property. With 408
units, the property presents an opportunity for an investor to achieve
immediate economies of scale in the growing South Charlotte submarket.
Favorable demographics and increased population growth in the South Charlotte
submarket have resulted in rent growth of 18% in the last twelve months.
Additionally, this pre-stabilized property offers the chance for new ownership
to take advantage of the strong operational momentum currently in place. With
nearby proximity to I-77 and Highway 49, residents benefit from convenient
access to 100,000+ jobs located in Uptown as well as major employers in the
surrounding Steele Creek area. Steele Creek Rivergate sits directly behind the
Rivergate Shopping Center providing direct access to a Super Target and several
Class A dining and shopping options. The favorable location with access to
major demand drivers in the area as well nearby retail amenities position
Steele Creek Rivergate as an excellent investment opportunity for brand new,
Class A construction in the submarket.
New Construction Class A Asset
Immediate Scale in Booming Submarket
Near Term Stabilization Offers Immediate Income Upside
Favorable Renter Demographics in Booming Submarket
Surrounded by Major Employers, Retail, and New Development