Investment Overview

STRONG MOMENTUM // The property is currently 85 percent physically occupied — up 13 percent from last September — with room to push rents significantly on existing tenants to meet the market. Idaho Falls saw several deliveries from 2023-2025 which slowed rent growth and hurt occupancy across the market. Those properties have largely been absorbed and there are no known developments in the pipeline. GROWTH MARKET AND STABILITY // The 2026 Milken Institute Report ranked Idaho Falls as the #2 Best Performing Small City in the U.S. In fact, Idaho Falls has been ranked in the top three in the last four annual rankings, noted for strong job growth, population growth, increasing wages, and access to affordable housing. HISTORIC MANAGEMENT INSTABILITY // Under the current ownership, the property has seen turnover at both the property management level and the third-party management level. After a few years of self-management, the owner engaged SAM and has seen strong growth over the last 12 months. GREAT LOCATION AND DEMOGRAPHICS // The property is centrally located in Idaho Falls on Woodruff Avenue with visibility to over 18,000 vehicles daily. The current three-mile population is72,168 and expected to grow approximately four percent over the next five years. The Average Household Income in the trade area is $83,542.