Metonic Real Estate Solutions is pleased to announce the acquisition of Millbrook Commons in San Marcos, TX. The 88-home property is the first build-to-rent community to join Metonic’s multifamily portfolio.
Built in 2022, Millbrook Commons features several desirable amenities, including two-car garages, full-sized private backyards, hardwood-style flooring, spacious kitchens, and stainless-steel appliances.
The build-to-rent concept allows renters to enjoy the benefits of homeownership without the high costs of down payments and maintenance. The build-to-rent model is one of the fastest-growing trends in the housing markets and has attracted millennials and young families looking for suburban living space, along with aging populations that are looking for maintenance-free living.
The San Marcos submarket is one of the fastest-growing submarkets in Texas. Located in Hays County, which has led the nation in population growth in percentage terms since 2010.
Adam Kirshenbaum, Chief Legal Officer at Metonic, said of the acquisition, “We are very excited to add this new multifamily housing product to our portfolio. The build-to-rent concept is a great option for residents looking to enjoy the benefits of a single-family home without incurring the costs of home ownership. Additionally, we are very proud of the Metonic team for their hard work in getting this transaction closed in record time!”
The acquisition of Millbrook Commons joins Metonic’s portfolio of over more than 80 assets under management, 11 of which are in Texas.
Metonic Real Estate Solutions is a real estate investment company based in Omaha, Nebraska, providing exceptional homes for residents and unparalleled investment experience for our partners. For more information, visit metonic.net or call Jenna Herrick at (402) 952-4599.