CHARLOTTE, N.C.--(BUSINESS WIRE)--Ginkgo Residential today announced the acquisition, through its investment affiliate, of Parkwood East Apartments located in Charlotte, North Carolina, which transaction closed July 18, 2016. The approximately 8.44 acre property is comprised of 128 one- and two-bedroom, garden style apartments, and features a swimming pool, children’s playground and laundry facilities. Parkwood East is located less than a quarter mile from East Mecklenburg High School and half of a mile from a new master-planned retail, office, and apartment center called Meridian Place.
“Located in an actively growing and rapidly improving area of east Charlotte, Parkwood East is near schools, retail, office and restaurant options. Set just off of Independence Boulevard, the property has ready access to uptown Charlotte. As a result, Parkwood East is a convenient place to live with significant employment opportunities and a full array of nearby service and entertainment choices. We are excited about this addition to our portfolio,” states Philip Payne, CEO of Ginkgo Residential.
About Ginkgo Residential
Ginkgo Residential is an industry leader focused on combining our core business of providing reasonably priced, high quality workforce housing with energy efficient programs that are environmentally sensitive. Ginkgo Residential is a significant operator of apartment communities located primarily in the Southeast region of the United States. For more information on Ginkgo Residential and our communities, visit our website – www.GinkgoRes.com.