In addition to the aforementioned investment, MWest Holdings is actively pursuing multiple future projects to provide a stream of opportunities for our investment partners that will provide an opportunity to garner superior returns at a reduced risk.
The MWest Team is under contract with two properties and in communication with additional landowners. Each contracted property is in various stages of entitlements, engineering and/or architectural design with anticipated construction start dates in 2026-27. Further, MWest is actively pursuing and analyzing additional markets within the Mountain West region to add to the pipeline.
MWest targets attractive markets throughout the Mountain West that display ideal conditions for multifamily housing. These markets exhibit an expanding population through both local and in-migration, a deficit in supply and a demand for added multifamily units from both residents and municipalities alike. Through ample due diligence and analysis of each market, MWest will be moving forward with multiple opportunities presented and will continue to identify future opportunities to add to our pipeline. Though the listed are individual projects, they collectively comprise a portion of our long-term investment portfolio.
Individually, projects will all be underwritten conservatively and analyzed carefully to ensure that metric benchmarks are achieved, and the yields are highly attractive to all investor partners. Each project is in various stages of progression and are outlined below. All figures assume ground up development with a 10-year holding period in order to achieve stabilization, refinance and deliver a superior return upon sale. Due to the size and scale, most projects will be phased and each phase will be shown as a 10-year hold. However, if the market conditions are favorable and specific benchmark thresholds are achieved, the option to exit prior to the 10-year benchmark will be strongly considered. This approach allows both MWest and our investor partners to continue to push forward with additional investment opportunities.
Pipeline Projects & Targeted Markets
The below identified pipeline projects and corresponding locations have been fully vetted by the MWest teams to confirm market and site identification fit the required parameters. The vetting process enables MWest to confidently deliver a product in a high demand community with a corresponding deficit in supply.
All projects will be underwritten with a high level of conservatism to ensure that the metrics displayed are realistic and achievable on a consistent basis.
The following markets have been identified as growth projects to be pursued in the near-term:
The Tri-Cities region is one of the fastest-growing markets in Washington State, driven by strong population growth and net migration. A diverse employment base across technology, manufacturing, healthcare, and energy supports long-term economic stability. Affordable housing and continued infrastructure investment position the region for sustained future growth.
Missoula is seeing steady population growth driven by regional migration, the University of Montana, healthcare expansion, and lifestyle appeal. Housing demand continues to outpace supply, reflected in rising prices, low vacancy rates, and limited multifamily development. These fundamentals make Missoula an attractive and stable market for multifamily investment.
Flathead County, known as the “Gateway to Glacier,” offers a strong lifestyle appeal anchored by Kalispell and Glacier National Park. Kalispell is among the fastest-growing U.S. cities, driving sustained housing demand from migration and remote workers. Low vacancy rates and a growing housing shortage create a compelling market for multifamily development.
Bozeman continues to see steady population growth driven by Montana State University, remote workers, and strong lifestyle appeal.
High home prices and an ongoing housing shortage keep demand for rental and multifamily housing strong.
A diverse economy and low unemployment support long-term stability for multifamily development
Lehi, in the heart of Silicon Slopes, is seeing rapid population growth and strong rental demand.
High home prices and ongoing multifamily development create prime investment opportunities.
Pro-development policies, infrastructure, and lifestyle appeal support long-term market growth.
St. George is experiencing rapid population growth driven by domestic migration, retirees, and lifestyle appeal.
Strong job growth, a diverse economy, and rising home prices sustain multifamily rental demand. Ongoing housing shortages and high rental demand create prime opportunities for multifamily development.
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