Forever Fund Performance Update

Forever Fund Performance Update | Q2 2025

Jake Durtschi • July 16, 2025

Q2 2025 Update – Jacob Grant Forever Fund Performance & Strategy

We’re pleased to share the Q2 2025 update for the Jacob Grant Forever Fund. Your investment continues to work hard, with recent improvements and strategic decisions strengthening the long-term performance of the portfolio.

Portfolio Overview (as of Q1 2025)

$2,155,000

Total Invested Capital

$8,962,500

Total Asset Value

$2,950,782

Total Equity

96%

across all properties

Stabilized Occupancy

Upgrades & Capital Reallocation

Over the past two quarters, we’ve completed a series of enhancements and repositioning efforts to increase both rental income and asset value.

Basement Buildouts Completed (Q1 2025): Three recently acquired homes were upgraded with finished basements, converting into 4+bed / 3 bath layouts.
Landscaping & Sprinkler Installations (Q2 2025): Curb appeal and long-term durability have been enhanced across the 3 new properties.
Leasing: The 3 new properties are leased out in a positive cash flow position.

These improvements were funded by:

The sale of our Rigby duplex (Purchased: $172,000 in November 2021 → Sold: $250,000 in June 2025)
The strategic sale of the Menan land (Q4 2024), which was a non-performing, non-cash-flow asset

Why These Sales?

We sold Rigby to capture short-term profits and reposition the equity into assets with higher long-term appreciation and better cash flow. Similarly, Menan’s land equity was reallocated into actively performing rental properties that now contribute both income and equity growth.

What's Next

Asset Review: We are currently evaluating portfolio performance and may list a condo in Pocatello that no longer aligns with fund goals.
Refinancing Opportunities: We’re assessing refinancing options—starting with Mill Road Townhomes and Boulevard—to lower costs and create new capital for continued expansion.

In Summary

Our focus remains clear: increase the earning power of fund assets, maintain full occupancy, and position the fund for long-term growth. We appreciate your continued trust and look forward to updating you again soon.

View the Full Portfolio to review photos or additional property and financial information.

VIEW THE PORTFOLIO

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City Heights Progress Update | August 2026

By Jake Durtschi • August 13, 2026

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.

City Heights Progress Update | July 2026

By Jake Durtschi • July 15, 2026

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.

Forever Fund Performance Update | Q2 2026

By Jake Durtschi • July 14, 2026

Q2 2026 Update – Jacob Grant Forever Fund Performance & Strategy

City Heights Progress Update | June 2026

By Jake Durtschi • June 15, 2026

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.

Forever Fund Performance Update | Q1 2026

By Jake Durtschi • May 7, 2026

Q1 2026 Update – Jacob Grant Forever Fund Performance & Strategy

A Guide to Navigating Your K-1

By Jake Durtschi • May 5, 2026

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

City Heights Progress Update | April 2026

By Jake Durtschi • April 15, 2026

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.

City Heights Progress Update | March 2026

By Jake Durtschi • March 15, 2026

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.

Multifamily Market Update – Key Trends & Insights for Eastern Idaho 📈

By Jake Durtschi • March 10, 2026

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.