CBRE, Inc has been retained as the exclusive advisor to present Ascent Overland, a premier suburban residential development opportunity located in the highly desirable west Boise/South Meridian neighborhood. Conveniently located 3 minutes to I-84 and Eagle Road, our two main thoroughfares to access anywhere in the valley. Apartment developers will be able to capitalize on this exceptional opportunity to deliver at the prime time. The development pipeline in Boise is shrinking with 60% less deliveries of multifamily in the fourth quarter of 2024 than at the peak. New construction starts have trailed off while Boise and Meridian’s population growth is still outpacing the national average. In 2024 construction starts hit an 8 year low. 2025 starts will be at or below 2024 levels. Meridian and Boise have seen an 8.5% and 4.5% population growth since 2020 respectively and are projected to see a 22% and 15% increase in population over the next 10 years. The rent versus owning gap is at an all time high increasing the necessity to rent. Ascent overland provides developers an attractive opportunity to develop a project in one of the fastest growing cities in the United States.