JV Equity Request for Idaho Multifamily Development

JV Equity Request for Idaho Multifamily Development

September 9, 2021

JV Equity Request for Idaho Multifamily Development

The Carlton Group is engaged to raise JV equity to co-invest with the developer of The Residences at Victory Ranch located in Idaho Falls, ID. This 212-unit shovel-ready multifamily project is located in the second fastest state in the U.S. and benefits from relocations from more expensive neighboring markets. The sponsor is a heavily-experienced developer who has acquired or developed >4,000 apartments in addition to several million square feet of industrial and office buildings.

The Carlton Group is engaged to raise JV equity to co-invest with the developer of The Residences at Victory Ranch located in Idaho Falls, ID. This 212-unit shovel-ready multifamily project is located in the second fastest state in the U.S. and benefits from relocations from more expensive neighboring markets. The sponsor is a heavily-experienced developer who has acquired or developed >4,000 apartments in addition to several million square feet of industrial and office buildings.

 

Key highlights:

  • Idaho Falls named “Best Performing Small City” in in U.S. by Milken Institute
  • Conveniently located near I-15, employment centers, shopping and recreation.
  • Projected deal-level returns of 25.5% IRR and 2.3x equity multiple.
  • 166-unit Phase II, which can be developed within 6 months, also available for additional $7 million JV equity investment.
  • Sponsor also controls two smaller shovel-ready multifamily development projects in Salt Lake City available for JV equity investment.

 

Contact:

360 Madison Avenue, 3rd Floor | New York, NY 10017

+1 917.332.2058 Office | +1 914.393.4988 Mobile

www.carltongroup.com

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