Metonic’s acquisitions team has had a busy quarter, closing on four properties across three midwestern states. The team identified a diverse selection of well-positioned assets within promising target markets – from a luxury apartment building in Chicago, IL, to a value-add townhome community in Columbia, MO. The Metonic team plans to continue to identify deals in new and established Midwest markets that leverage Metonic’s strengths and align with a range of different investment objectives.
Four Winds Villages
Units: 150
Building Type: Townhome
Year Built: 2005
City: Columbia
State: Missouri
Four Winds Villages is a 150-unit townhome community conveniently situated near major retail centers, hospitals, and the University of Missouri. Acquired in part through a 1031 exchange, the community offers spacious 3- and 4-bedroom homes. With no significant influx of 3- or 4-bedroom units anticipated, demand for this type of housing in Columbia is expected to remain strong. Overall, the Columbia market exhibits strong rent growth, low vacancy rates, and positive demographic trends.
Northside Square
Units: 72
Building Type: Apartments
Year Built: 1978
City: Columbus
State: Nebraska
Northside Square is a 72-unit apartment community in the supply-constrained Columbus, NE, submarket. Acquired in part through a 1031 exchange alongside Lakeview Apartments, Metonic plans to strategically renovate both properties. The Northside Square improvement plan includes replacing the windows, soffit, and fascia to enhance curb appeal and remodeling the Clubhouse space, among other projects.
Lakeview
Units: 100
Building Type: Apartments
Year Built: 1978
City: Columbus
State: Nebraska
Lakeview is a 100-unit apartment community located in Columbus, NE, near opportunities in the medical, agricultural, and manufacturing industries. Metonic plans to leverage its extensive experience coordinating capital-expenditure work in tertiary markets to renovate both Lakeview and Northside Square. The Lakeview improvement plan includes a functional office refresh, modernizing exterior paint, and window replacement, along with other projects.
3140 Clybourn
Units: 39
Building Type: Apartments
Year Built: 2024
City: Chicago
State: Illinois
Clybourn is a 39-unit luxury apartment building located in the heart of Chicago, IL. Acquired through a 1031 exchange, this new-build property offers one- and two-bedroom floor plans with quartz countertops, in-unit laundry, stainless steel appliances, and modern fixtures. With a fitness center, rooftop community space, on-site parking, and bike storage, this building offers a contemporary, urban lifestyle.