BearRock Investments LLC
Silvercreek Residential
31 E. McKercher Boulevard, Hailey (Sun Valley), Idaho
~ 3 Year Hold | Targeting 14% IRR
Active
Purchased the former senior living/memory care facility and converted the project into workforce housing - a badly needed resource in the Sun Valley/Ketchum/Hailey, Idaho area. Prior to closing, we master leased the project to Blaine County Housing Authority on a five-year basis with one, five-year option to renew.
Project Type | Source | Size | Acquisition Price | Sale Price |
|---|---|---|---|---|
Residential | Industry relationships, on the market | 23,144 square feet on 2.23 acres | $6,400,000 | Not yet sold |
We acquired a modern, purpose-built assisted living and memory care campus consisting of two mirror-image buildings completed in 2017. The partnership successfully repositioned the asset as high-quality workforce housing through a master lease with the Blaine County Housing Authority. The initial term is five years with one five-year renewal option.
In the Sun Valley, Ketchum, and Hailey area, affordable workforce housing is a critical community need. Our project now delivers 32+ safe, well-maintained apartments that help local employers attract and retain essential workers, and serve residents in need of temporary housing until permanent housing options are available. The investment generates stable, attractive returns for our partners while making a meaningful and lasting contribution to the community.
