For investors watching Micron build in Boise
Wall Street is buying the chip stock. We're buying where the engineers live.
The Reserve at Boise: two stabilized multifamily assets near Micron's headquarters, targeting a 20% IRR.
Four questions. About two minutes.
↓ Start here. Four questions
Question 1 / 4
Select the statement that best applies to you.
Micron has roughly $60B of projects announced in its hometown. Two memory fabs and a $10 billion research campus.
The first fab should start making chips in mid-2027, and Micron estimates the build-out will add 17,000 jobs.
Most investors play that through the stock. The people who staff those fabs need somewhere to live. That side of the trade is Boise real estate.
What you're investing in
The Reserve at Boise is two stabilized multifamily assets in the Boise MSA.
The larger asset was acquired at approximately 50% below estimated replacement cost. It is a proven value-add plan with blended assumable debt of 4.14%.
The other sits 10 minutes from Micron's headquarters. It is stabilized at 98%+, with an assumable loan at a 2.98% rate that matures in 2033.
The offering carries a target 20% IRR over a four to five year hold.
Open to accredited investors placing $50,000 or more.
A 30-minute call to walk through the offering.