This Class A, luxury Independent Living community was strategically planned in Meridian, Idaho—Boise’s fastest-growing suburb and one of the nation’s top-rated places to live. As of 2018, Meridian had an estimated population of 106,400, reflecting a 41% increase since 2010. The area boasts impressive demographics, including a 76.2% homeownership rate, 95.6% high school graduation rate, and 77.9% attainment of a bachelor’s degree or higher. Meridian was named the #1 Place to Live by USA Today in 2015 and the 4th Best Place to Retire by Forbes in 2019.

The 160-unit project was ideally located just seven blocks from Idaho’s busiest intersection, offering exceptional visibility and access. Nearby amenities included four golf courses within a five-mile radius—highlighted by the prestigious Spurwing Country Club—along with an adjacent St. Luke’s Clinic and Rehabilitation Center. The site is also minutes from a newly planned, $100 million, 90,000-square-foot private HCA hospital.

Designed with a best-in-class amenity package, the project targeted a rapidly growing and underserved senior demographic. A third-party market feasibility study confirmed exceptionally strong demand, with comparable communities operating at 97.8% occupancy.

After acquiring the land and completing all entitlements and permitting, we received an attractive unsolicited offer to purchase the project prior to construction. The terms represented a compelling return and led to a successful exit for our partners.