CAPREIT has acquired Parkway Gardens, an affordable apartment community for seniors located less than three miles east of downtown St. Paul, Minn.
Parkway Gardens marks the seventh community CAPREIT owns or manages within Minnesota.
CAPREIT will renovate the five-story community, which features 160 apartment homes and commuter-friendly access to the Twin Cities. In-home improvement measures include vinyl-plank flooring, upgraded appliances and kitchen hardware, new countertops and new paint. The community was originally built in 2005 and underwent an initial renovation in 2011.
Situated at 1145 Hudson Road, Parkway Gardens offers convenient access to Interstate 94 and Highways 52 and 61, which provide connectivity to the greater Twin Cities area. The community also sits within close proximity of several stops along the Metro Transit bus line with several additional commuter options nearby. Minneapolis–St. Paul International Airport is located 12 miles from t
