news wire

CDK Realty Advisors and M3 Properties Acquire Boise Land - 08/01/2005

On behalf of one of its institutional clients CDK Realty Advisors has completed a joint-venture agreement with M3 Properties to acquire and develop approximately 9,800 acres just north the town of Eagle, a suburb of Boise, Idaho.  M3 Properties plans to develop a residential community similar to its highly successful American Ranch project in Prescott, Arizona.  American Ranch Prescott offers homeowners the opportunity to develop their dream home on 5 to 10 acre lots with amenities such as an equestrian center, community center and numerous hiking trails.

The Boise metropolitan area offers excellent potential for growth and investment.  With a population of approximately 500,000 people the area enjoys the 3rd fastest growth rate in the West behind Phoenix and Las Vegas.  Forbes Magazine recently named Boise as the Best Place for Business and Careers while Inc. Magazine rated Boise 2nd in its Best Places for Doing Business article.  Finally Boise is the state capital and home to Boise State University.