Atlanta-based Cortland has expanded their Idaho presence, purchasing a pair of multifamily properties in the Boise, ID region. The two new acquisitions are The Addison, a 237-unit complex in Boise and the 368-unit Franklin at Ten Mile community in Meridian, ID. Terms of the transaction were not disclosed.
The Addison, which will be rebranded as Cortland on the River, features one- and two-bedroom homes with large windows, upscale kitchens and hardwood style flooring. The property is located just steps from the Boise River. The Meridian property, to be re-named Cortland at Ten Mile, offers one-, two- and three-bedroom residences featuring quartz countertops, stainless-steel appliances and a 24-hour fitness center.
“Cortland’s luxury apartment communities offer the best of city living near the heart of Boise,” said the firm’s CIO Mike Altman in a news release. “This is just the start of Cortland’s investment in the region, driven by our commitment to deliver an unrivaled, resident-centric, hospitality-driven experience that is changing the standard of apartment living in Boise.”
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.