Metonic Real Estate Solutions is proud to announce the sale of Deer Park Apartments in Council Bluffs, Iowa. The sale achieved an impressive internal rate of return of 28%, a multiple of 2.98x, and an annual cash yield of 17.8% over a six-year hold period.
Metonic acquired the 76-apartment community, which features a mix of one- and two-bedroom homes, in 2016. Built in 2000, the property was 98% occupied at the time of sale.
Thank you to the partners who invested alongside us in this successful multifamily community. To learn more about Metonic’s multifamily acquisition strategy, visit Metonic.net or email us at info@metonic.net.