Ginkgo Residential Buys 128-Unit Parkwood East Apartments in Charlotte

The garden-style community is located near the new master-planned, mixed-use community Meridian Place.

Charlotte, N.C.Ginkgo Residential recently acquired a 128-unit, garden-style community located in Charlotte, N.C. Ginkgo’s new purchase, Parkwood East Apartments, is located at 7108 Wallace Road.

Parkwood East Apartments

Parkwood East Apartments

The property features a mix of one- and two-bedroom apartments with units ranging between 702 and 964 square feet. Parkwood East Apartments offers residential amenities such as a clubhouse, swimming pool, spa, laundry facilities and 240 parking spaces. According to Yardi Matrix, rents at the community range between $625 and $747. Parkwood East is located less than a quarter mile from East Mecklenburg High School and half of a mile from a new master-planned mixed-use project 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,” said Philip Payne, CEO of Ginkgo Residential, in a prepared statement.

Image courtesy of Yardi Matrix