Case study

Ravello 192

Omaha, NE

Ravello 192 in Omaha, NE was developed by Metonic and APOGEE in 2019. The 9.6-acre site features 118 Class A Apartminiums in a top submarket in Omaha. These top-of-the-line townhomes and amenities offer all-inclusive pricing that makes the property more convenient to a distinct client.

The Ravello 192 community offers a mature and private environment, where residents experience the quality of a well-appointed townhome without the stress of ownership. This asset style along with the all-inclusive pricing structure has been extremely popular amongst residents.

At construction commencement, the project appraisal was $27MM. At completion, Ravello 192 was appraised at $30MM. The success of Ravello 192 led Metonic to develop Ravello 192 Phase II, an additional 68 Apartminiums adjacent to the existing development.

2.4x

Multiple

21.9%

Estimated Net Leveraged IRR

105%

of Investor Capital Returned