Case study

Ravello 192

Elkhorn, NE

Metonic developed Ravello 192 in Elkhorn, NE in 2019. The 9.6-acre site features 118 Apartminiums in a top submarket in Omaha. These top-of-the-line townhomes offer all-inclusive pricing and attractive amenities that provide an attractive value proposition for our residents.

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.