River Edge

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present River Edge (or the “Property”) a 175-unit, 622- bed student housing community adjacent to Boise State University (“BSU”, “Boise State”, or the “University”) and downtown Boise. The Property is comprised of 2- and 4-bedroom units, and boasts 99% occupancy for the 2025- 2026 Academic Year (“AY”).

Boise State University’s enrollment of 27,250 students across 200 programs of study continues to expand, with five consecutive years of growth supported by a $465 million operating budget. The University’s recent announcement to join the Pac-12 Athletic Conference reinstates its Power Five status, significantly enhancing institutional prestige and enrollment prospects. These fundamentals are reinforced by the nearly 240,000 residents in the Boise Idaho MSA, ensuring sustained housing demand in this expanding market.

River Edge is priced at a 30%+ discount to replacement cost and offers multiple value-creation opportunities for the next owner. The property presents clear upgrade potential through unit renovations, amenity enhancements, and parking space optimization. These improvements provide a straightforward path to increase rental income and maximize returns.