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About Us

Steele Properties, LLC is a Denver-based national real estate investment company specializing in the acquisition, rehabilitation and new construction of affordable multi-family rental properties. The company was formed in 2006 with the mission to preserve, improve and increase affordable housing opportunities for vulnerable communities across the country. Steele has successfully completed over $1 billion in acquisitions, sales and development activity involving over 85 properties and 8,900 units, including over 80 tax credit projects.


To preserve, improve and increase needed affordable housing opportunities in communities across the country.


To be the most respected affordable housing company in the country.


We act with INTEGRITY in every interaction and strive to build strong PARTNERSHIPS with our company teammates, residents, government agencies, contractors, lenders and investors.  We RESPECT our partners and the diverse viewpoints they bring.  In so doing, we develop CREATIVE affordable housing solutions that drive RESULTS.


When you work with Steele Properties, you partner with a team of people who have built a strong reputation for professionalism, trust and integrity. The foundation of our success is built on strong relationships with state, national and federal housing agencies, community leaders, local vendors, non-profit organizations and lenders. Together, we work to build better communities across the country.


Steele Properties was formed in 2006 as a partnership between Stuart Heller, Hud Karshmer and Chad Asarch to pursue affordable multifamily development and acquisition opportunities. David Asarch became a partner in 2017. With over 60 collective years of experience in affordable housing, the Principals of Steele Properties have a distinguished reputation for closing complex transactions and structuring winning solutions that meet the goals and objectives of all parties. Through its continual growth and reputable acquisition history, the company has cultivated strong community partnerships resulting in a substantial development portfolio of properties that residents can be proud to call ‘home’.