Market notes.
Long view.
Quarterly market reports, storage commentary, and operating philosophy from owner-operators in the Mountain West.
The archive.
Boise Multifamily Is Outrunning Denver
Two metros, one region, opposite trajectories. Boise prints top-five rent growth while Denver sits near the bottom — and supply discipline is why.
The Multifamily Maturity Wall Is a Buying List
The 2026 maturity wall gets written up as a crisis. For a buyer with capital and patience, the same loans coming due read as a sourcing list.
The Storage REITs Are Buying the Mountain West
Public Storage's $10.5B merger and Extra Space's push into Utah, Arizona, and Nevada point at the exact geography we're watching. What the smart money's move signals.
Idaho vs. Utah: Two Mountain West Adjacencies Worth Knowing
Boise and Salt Lake share a region but not a market. A side-by-side on the metrics that actually matter to long-hold capital.
Q3 2026 Mountain West Market Scan
Our quarterly read across Idaho, Utah, Colorado, Montana, Nevada, and Arizona.
Why the Next Twelve Months Favor Patient Buyers
Rents are soft, concessions are wide, and the delivery pipeline is collapsing. That combination is the setup long-hold capital is built to buy into.
What We Underwrite in Self-Storage That We Don't in Apartments
Storage is on our expansion list, and almost none of the multifamily playbook transfers. The metrics we underwrite first — and why the Mountain West setup fits.
Why We Underwrite to a Ten-Year Hold
Most of the multifamily world underwrites to a five-year hold and a sale. We don't — and that single choice changes every input in the model.
Meridian Is Half of Treasure Valley Apartment Demand
One suburb absorbs almost half the Boise region's apartment demand. What that concentration means for where you actually put multifamily capital.
The Five Things We Always Underwrite First
Before we touch a pro forma, we look at five line items that decide whether a deal is even worth modeling. None of them are rent comps.
Self-Storage: What We're Watching in the Mountain West
Supply pipeline is collapsing, rents are bottoming, cap rates haven't moved. The Mountain West self-storage setup window — and how we're tracking it.
Why We Manage for Retention, Not Turnover
The default multifamily playbook optimizes for trade-out spread. We don't. A look at how retention math actually compounds over a ten-year hold.
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