Western National Property Management (WNPM), a seasoned property management firm that specializes in multifamily communities and commercial properties across Southern California and Nevada, has been selected by Metonic Real Estate Solutions to professionally manage Millennium Apartments, a 330-unit luxury multifamily apartment community in Palm Desert, California.
The assignment reflects the ability of WNPM, a 65-year-old company and a subsidiary of full-service commercial real estate firm Western National Group, to create value, generate efficiencies and increase ROI for multifamily owners in a challenging environment, according to Laura Khouri, president of Western National Property Management.
“Apartment community owners today are navigating through a series of financial issues the industry hadn’t seen in more than a decade. Inflation, high interest rates, increased costs, and strict underwriting conditions are driving many property owners to rely on their property managers to develop ways to triumph through these challenges,” says Khouri. “Innovative yet experienced firms like WNPM are rising to the occasion and creating effective operating strategies that help drive owners closer to their business objectives.”
The assignment also reflects WNPM’s deep expertise in managing apartment communities, office, and retail properties throughout the Western United States, Khouri adds.
“The Western National team has an ownership mentality that enables us to align seamlessly with what today’s property owners are seeking, delivering on their investment metrics while always treating each property as our own,” says Khouri. “This approach sets us apart from other management companies and draws discerning companies like Metonic Real Estate Solutions to us time and again.”
Millennium Apartments is situated in the heart of the Coachella Valley, a region known for its music festivals that generate more than $600 million annually. The region is experiencing rising home prices and sluggish increases in single-family home inventory, creating an ideal market for continued multifamily demand.
“Western National’s decades-long track record as a trusted multifamily property manager across Southern California gives them unique insight into the market that benefits us as clients,” says Kassie Inness, President of Metonic Real Estate Solutions. “In an age when many property management firms are relying primarily on self-guided tours and AI to replace people, Western National’s human-centric approach is welcome and distinguishes them from others in the market.”
Ideally located amidst a thriving cultural and recreational scene, Millennium Apartments is situated close to Acrisure Arena, which offers year-round concerts and sporting events; Joshua Tree National Park; art galleries; numerous fine dining establishments and local eateries; and a variety of entertainment and shopping venues to provide access to the ultimate desert lifestyle.
The community features studio, one-, two- and three-bedroom apartment homes with contemporary finishes and smart-home technology, private patios, stainless-steel appliance suites, quartz countertops, plush carpeting in bedrooms, open concept floorplans, and direct-access garages.
