THE LINDSAY APARTMENTS | FULLY APPROVED MULTI-FAMILY DEVELOPMENT LAND

Investment Overview

Investment Highlights

• High-quality, thoughtfully designed 138-unit multifamily project with a diverse mix of 1, 2, and 3 bedroom units
• Design Review approval anticipated mid-November 2026 from the City of Boise
• Prime Southeast Boise infill location with convenient access to Downtown Boise, major employment, centers, recreation, and everyday amenities
• Located just 4.8 miles / approximately 9 minutes from Micron. The third-closest large multifamily project to Micron, positioning the project to benefit from significant Micron-driven employment growth
• Strong Boise Metro multifamily fundamentals with 95.6% occupancy and 4.2% annual rent growth
• Compelling projected returns with a 7.16% trended return on cost and 18.39% unlevered IRR