Baron Acquires 220 Unit Apartment Community in Meridian, ID

Boise, ID, June 21, 2019 – An affiliate of Baron Property Services LLC (“Baron Properties”) has closed on the purchase of Red Tail by Baron (formerly Red Tail Luxury Apartments), a 220-unit apartment community in Meridian, ID.

Red Tail by Baron was constructed in 2015 and offers one-, two-, and three-bedroom floor plans. Every unit at this garden style property is a corner unit, and most buildings are two story walk ups. Apartments feature 9-foot ceilings, in-unit laundry, and upscale finishes, fixtures, and appliances. The community offers an extensive amenity package, featuring a fitness center, yoga studio, expansive pool deck and swimming pool, dog park, fitness center, and many other spaces for residents to enjoy.

The property sits in an exceptional location in the Meridian submarket within a very strong demographic area. Located at 121 East Victory Road in Meridian, the property is situated with immediate access to major thoroughfares including South Meridian Road (major north/south access) and Interstate 84 (east/west). The property is within 1.5 miles of major retailers including WinCo Foods, Walgreens, Lowes, Walmart, and Home Depot.

Baron is taking an aggressive approach to expanding in the Boise market, seeking both land site development and additional investment opportunities across its multifamily, self-storage, and industrial platforms. Baron Properties is a real estate owner, manager, and developer headquartered in Denver, CO and operates in the Denver, Phoenix, Colorado Springs, Houston, Dallas, Milwaukee, Tucson, and Boise markets. Baron Properties currently owns and operates more than 3,500 multifamily units, 7,600 self-storage units, and 500,000+ sf of industrial space.