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Waterton buys City Walk at Woodbury, a 453-unit rental community

The wrap-style property includes two four-story buildings, heated indoor parking garages, a clubhouse, and 24,000 square feet of retail space.

Reported · Written up by our desk · Industry

Waterton has acquired City Walk at Woodbury, a 453-unit rental community in Woodbury, Minnesota, according to ConnectCRE.

The wrap-style community consists of two four-story residential buildings, heated indoor parking garages, a clubhouse, and 24,000 square feet of retail space.

ConnectCRE said the property was built in phases in 2005 and 2011, offering one-, two-, and three-bedroom layouts with relatively large floor plans.

Waterton plans a targeted value-add program that will include residential updates such as refreshed cabinets, hardware and lighting fixtures, plus new appliances, countertops, and plumbing fixtures.

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