1031 Exchange Case study

Trenridge Gardens

Lincoln, NE

Metonic was able to bring together investors in a tenant-in-common structure to deploy approximately $1,100,000 of equity into Trenridge Apartments,126 apartment homes built in 1962 located in Lincoln, NE. Metonic has provided management services following the acquisition

Since the acquisition in November of 2015, Metonic has completed renovations to all units and is realizing rent increases of approximately $100 per renovated unit.