TAM Partners With Appian Capital In $24M Raise For New Multi-Family Development In Boise, Idaho

Tamalpais is providing equity for VERVE Boise, a 175-unit to-be-built student housing development directly adjacent to Boise State University (“BSU”) in Boise, Idaho. The conservative business plan by Appian Capital anticipates both a durable income stream and strong overall returns from a modern, Class-A property in one the most dynamic multifamily markets in the country, serving a university that has a severe shortage of student housing.