CAPREIT Acquires Phase I of Remington Cove Apartments in Apple Valley
Summary
"Remington Cove will truly offer residents the best of both worlds with its small-town feel of Apple Valley and luxurious apartment living in the Twin Cities metropolitan area," said Ernie Heymann, Chief Investment Officer for CAPREIT.Located at 15430 Founders Lane, Remington Cove offers residents convenient access to shopping, grocery stores, dining options and nearby employers.Some of the areas major employers are headquartering the worlds most recognizable companies, including Medtronic, Boston Scientific, 3M, Honeywell, Target and Best Buy.CAPREIT is focused on the implementation of a savvy acquisition strategy, innovative financial structures, and a professional property management style based on resident satisfaction and retention, as well as asset preservation and enhancement.Related Links APPLE VALLEY, Minn., Nov. 29, 2017 /PRNewswire/ -- CAPREIT , a national multi-family real estate investment company responsible for the ownership and management of more than $5 billion of multifamily assets, today announced the acquisition of Phase I of Remington Cove, a 101-unit luxury apartment community in the Minnesota suburbs of Minneapolis/St.