Alliance Residential Company Acquires 20.4 Acre Multifamily Site In Huntersville From American Asset Corp For $8M

A 20.4-acre site located at 12420 Hambright Road in Huntersville, NC, was involved in this transaction. The asset is designated for multifamily use, specifically earmarked for the development of a garden-style apartment community.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,000,000
• Buyer: Alliance Residential Company
• Seller: American Asset Corp
• Date of Sale: 03/18/2026

The deal signifies a pivotal step for Alliance Residential Company, which aims to develop Broadstone Bryton, comprising 358 units. American Asset Corp acted as the seller in this transaction, facilitating the acquisition of the site for future development.