Metonic has a strong track record of acquiring multifamily properties.
We manage the entire acquisition process, from initial underwriting to executing purchasing agreements.
Acquisition Strategy
Our acquisitions team carefully selects markets and assets based on their long-term potential. We’re focused on low-tax, high-growth secondary and tertiary markets with strong affordability. We typically look for off-market value-add opportunities with these attributes:
- Historically underperforming community that can be improved in 5 months to 5 years
- Class B or higher properties built in the 2000s or later, comprising 100 to 350 apartments
- In secondary or tertiary markets with strong employment, diverse industries, and limited new apartment inventory
Acquisition Strategy
Our acquisitions team carefully selects markets and assets based on their long-term potential. We’re focused on low-tax, high-growth secondary and tertiary markets with strong affordability. We typically look for off-market value-add opportunities with these attributes:
- Historically underperforming community that can be improved in 5 months to 5 years
- Class B or higher properties built in the 2000s or later, comprising 100 to 350 apartments
- In secondary or tertiary markets with strong employment, diverse industries, and limited new apartment inventory
Acquisitions Portfolio
Metonic’s acquisitions portfolio spans five states and 25 markets.
Active Acquisitions
Full Cycle Acquisitions
%
Realized Internal Rate of Return
Case Studies
Equity Raised: $9.8M
Units: 137
Market: Omaha, NE
Triangle Apartments
Built in 2017, Triangle features a mix of one, two, and three-bedroom apartments totaling 137 homes in Omaha. Metonic acquired the property in 2021.
Equity Raised: $3.5M
Units: 60
Market: Omaha, NE
Vita 72
Vita 72 is a 60-unit apartment community in central Omaha, acquired by Metonic in 2021. The property earned the Redevelopment of the Year Award by Costar in 2023.
Equity Raised: $5.3M
Units: 104
Market: Ames, IA
Haven Apartments
Haven Apartments, located in Ames, IA, were built in 1992 and acquired by Metonic in 2021. The property features a mix of one and two-bedroom homes, totaling 104 units.
Case Studies
Equity Raised: $9.8M
Units: 137
Market: Omaha, NE
Triangle Apartments
Built in 2017, Triangle features a mix of one, two, and three-bedroom apartments totaling 137 homes in Omaha. Metonic acquired the property in 2021.
Equity Raised: $3.5M
Units: 60
Market: Omaha, NE
Vita 72
Vita 72 is a 60-unit apartment community in central Omaha, acquired by Metonic in 2021. The property earned the Redevelopment of the Year Award by Costar in 2023.
Equity Raised: $5.3M
Units: 104
Market: Ames, IA
Haven Apartments
Haven Apartments, located in Ames, IA, were built in 1992 and acquired by Metonic in 2021. The property features a mix of one and two-bedroom homes, totaling 104 units.
Metonic acquired Torello on Maple, formerly known as Benz Place, in 2019. Upon acquisition, the 324-home community underwent a rebrand and extensive capital expenditure process.
Acquired in 2021, this 137-apartment community boasts stainless steel appliances, a 24-hour fitness center, resort style courtyard, a dog park, and more.
The first South Dakota property in Metonic's portfolio, West Briar Commons was acquired in 2020. The 152-home community features a mix of one, two, and three-bedroom private entry townhomes.
Metonic acquired Millbrook Commons in San Marcos, TX, in 2023. This 88-home property was the first build-to-rent community to join Metonic's multifamily portfolio.
Other Investment Methods
Developments
1031 Exchanges
Other Investment Methods
Developments