DALLAS, Dec. 18, 2025 –  JLL Capital Markets announced today that it has secured the sale and financing for River Edge, a 175-unit, 622-bed student housing community serving Boise State University in Boise, Idaho.

JLL’s Student Housing team represented the seller, GL Capital Partners. JLL also worked on behalf of the borrowers, a joint venture between Interwest Capital Group and Intercontinental Real Estate Corporation, in arranging the financing.

River Edge is located at 1004 W Royal Blvd., just half a mile from Boise State University's campus and within walking distance of downtown Boise's entertainment district. The property achieved 99% occupancy for the 2025-2026 academic year and features a mix of two- and four-bedroom fully furnished units.

Boise State University continues to experience strong enrollment growth, with total enrollment now exceeding 28,000 students representing 18% growth over the past five years. The university's recent addition to the Pac-12 Conference has elevated its national profile and strengthened its long-term enrollment prospects.

The property offers significant value-add opportunities through unit renovations, amenity enhancements and parking optimization. River Edge features extensive amenities including a fitness center, resident lounge, study rooms and controlled access parking garage.

Construction of River Edge was completed in 2015, and the property serves students at Boise State University, which offers more than 200 programs of study supported by a $465 million operating budget.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

GL Capital Partners is a vertically integrated real estate investment firm specializing in the acquisition, operation, and enhancement of Class A and B multifamily assets across select Western U.S. markets. Founded in the aftermath of the 2008–2009 financial crisis, the firm has raised more than $1.6 billion in capital and acquired over 11,400 apartment units since inception. Guided by experienced founding partners and supported by regional, boots-on-the-ground teams, the firm combines disciplined underwriting with hands-on management to create long-term value and high-quality living environments. https://www.glrecap.com/

Interwest Capital is a privately-held real estate investment firm founded in 2003 that specializes in the acquisition, repositioning and asset management of commercial real estate assets across the United States. The company focuses on performing and under-performing properties in primary and secondary markets, with particular emphasis on multifamily and hospitality sectors. Interwest has established itself as an industry leader through extensive experience in sourcing and restructuring investments involving underperforming properties and executing value-add business plans.

Intercontinental Real Estate Corporation is an SEC Registered Investment Adviser* with decades long experience in real estate investment, finance, development, construction management and asset management. Since 1959, Intercontinental and its affiliates have managed, developed, or owned collectively over $18.41 billion in real estate property. As of September 30, 2025, Intercontinental manages a real estate portfolio of approximately $12.64 billion for its clients. Intercontinental investment strategies actively seek opportunities to invest in both Core and Core-Plus properties, as well as in Value-Add operating properties and development projects. For more information on Intercontinental please visit www.Intercontinental.net. *Registration with the SEC does not imply a certain level of skill or training.