Case study

Deer Park

Council Bluffs, IA

Deer Park Apartments in Council Bluffs, Iowa were acquired by Metonic in 2016. Built in 2000, the 76-home apartment community features a mix of one and two-bedroom homes. Metonic sold the property in 2023. The sale achieved an impressive internal rate of return of 28%, a multiple of 3.0x, and an annual cash yield of 17.8% over a six-year hold period. The property was 98% occupied at the time of sale.