MJW Investments has acquired Verraso Village, an off-market 96-unit Class A Build-to-Rent townhome community located in the Meridian submarket of the Boise MSA.

Verraso Village was built in two phases, 2016 and 2018, and offers a differentiated product with spacious two-level homes that average 1,840 square feet with attached two-car garages. “Verraso Village is uniquely positioned to thrive within the Boise MSA, a market defined by explosive population and economic growth,” said Tony Cianciolo, MJW’s Head of Acquisitions. “Verraso Village’s ideal location, spacious layouts, and single-family-home living experience set it apart as the premier choice for renters in this dynamic market,”

The property is situated in a highly amenitized area, less than a mile from upscale retailers and dining at The Village at Meridian. MJW acquired the property with a moderately low leveraged agency loan assumption, 3.2% fixed-rate financing, and more than five years remaining on the loan term.