Metonic Real Estate Solutions Acquires Lubbock’s Wyndham Apartments

OMAHA, Neb.Feb. 8, 2018 /PRNewswire/ — Metonic Real Estate Solutions today announced the acquisition of Wyndham Apartments, a 144-unit apartment community located in Lubbock, Texas.

“We believe Wyndham is an ideal addition to Metonic’s growing Texas portfolio,” said Adam Kirshenbaum, Metonic’s Chief Operating Officer. “Lubbock’s growing diversified employment base, low unemployment, and potential for continued rent growth make it one of our target markets. We are pleased to add Wyndham to our portfolio at a price well below replacement cost.” Metonic plans to improve the living quality for residents; enhancements will include an upgraded clubhouse and pool area combined with high quality in-unit upgrades to flooring, kitchen and bath areas.