ASHEVILLE — An apartment complex off Sweeten Creek Road in Asheville has been sold for $13.3 million, a North Carolina special warranty deed filed this week shows.
Woods Edge Apartments, located at 98 Woodstream Lane, was acquired by two Colorado-based limited liability companies, Woods Edge Pearl Place and FREG Woods Edge Associates. It had been owned by Graycliff Capital Partners of Greenville, South Carolina, who acquired it for $6.75 million in 2013.
The companies filed the special warranty deed Monday in Buncombe County.
County property data shows that the complex opened in 1986. It sits on about 12 acres of land between Connell Insurance Agency Inc. and the Arden Reading Clinic. In its early years, the complex touted in the Citizen-Times its "designer clubhouse," energy-efficient units and its barbecue and picnic space.
Woods Edge now offers one- two- and three-bedroom layouts with a basketball court, a playground for children and a pool, among other amenities.
Rent is between $879-$1,299 a month, according to its website.