City Heights continues to make steady progress. On the ground floor, drywall is nearly complete with only two units remaining, and tape and texture work is underway. Level 2 insulation is complete, with inspection taking place before drywall hanging begins after approval. On Level 3, electrical rough-in is complete, and insulation is scheduled to begin next week. Glass façade installation is set to begin this week, and exterior finishes are being finalized.

Infrastructure work continues to make steady progress throughout the project. HVAC installation is underway, including rooftop mechanical infrastructure, with fire dampers currently being specified and installed. The accompanying photos highlight the ongoing installation progress within the Main Fire Room.

Q2 2026 Update – Jacob Grant Forever Fund Performance & Strategy

HVAC rough-in is complete, electrical work has reached the second floor, and sprinkler installation is ongoing. Construction continues to move forward with great progress. The large windows on the second and third floors are really starting to make an impression, and the soaring ceilings on the first floor are creating an incredible sense of space.

Q1 2026 Update – Jacob Grant Forever Fund Performance & Strategy

Navigating Your K-1: A Quick Guide Just received your K-1? Here’s where to start.

Construction at City Heights made strong progress throughout April, keeping the project on schedule. Framing is complete, marking a major milestone as the structure takes full shape. Plumbing and HVAC installations are in progress, along with the start of mechanical system work. Additionally, Tyvek installation is underway to enclose and protect the building. Overall, the project remains on target and continues to move forward as planned.

We’re pleased to share the latest progress from the City Heights project. Framing is scheduled to be completed this week, marking a major milestone in the construction process. We appreciate your continued support and look forward to sharing additional updates as construction progresses.

We’re excited to share our latest update on the Idaho Falls and Pocatello multifamily markets, highlighting the key trends shaping investment opportunities in 2025. KEY TAKEAWAYS ✅ Labor Market Growth: Idaho Falls (+2.48%) and Pocatello (+2.04%) both saw labor force expansion, supporting continued rental demand. ✅ Supply Pressure Emerging: Idaho Falls is adding housing at more than twice the national rate, and Pocatello multifamily development is up 103% year over year—creating a more competitive leasing environment heading into 2026. ✅ Competitive Cap Rates: Idaho Falls assets are trading around 5.5–6.5%, with Pocatello comps in the 6.0–6.5% range, offering attractive returns relative to national averages. As the market evolves, Jacob Grant Capital remains committed to helping investors navigate supply shifts, rent trends, and emerging opportunities. Review the full reports below and let’s connect to discuss how you can position your portfolio for success in 2026.

Framing is officially underway. The first floor is taking shape, and the floor joists for the second level are now installed.

2025 Year-End Update – Jacob Grant Forever Fund Performance & Strategy