Construction Complete | Mill Road Townhomes Update
Jake Durtschi • July 26, 2023

Mill Road Townhomes Leasing Now!
The construction at Mill Road is complete. Leasing has begun and we are seeing strong leasing activity.

We expect to have this property leased up by the end of summer.
This is another great addition to the
Forever Fund portfolio.

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.

Construction is officially underway at City Heights . There’s still a little room left to invest if you’ve been considering joining the project. Our architect is currently revising the first-floor blueprint to enhance both functionality and profitability—an update aimed at increasing the project’s overall return potential. If you’re interested in allocating more funds toward City Heights—or know someone who might be a great fit—please get in touch. We’d be happy to welcome new partners during this exciting phase.







