PEG Opens ‘Alante Homes at Spring Run’ in Caldwell, Idaho

CALDWELL, ID – April 1, 2025 – PEG, a leading vertically integrated owner, operator and developer of multifamily, hospitality and build-for-rent assets in the U.S. and Canada, has officially opened Alante Homes at Spring Run, a leading-edge build-for-rent [BFR] development bringing much-needed housing options to the growing Caldwell, Idaho, community.

Located at 4317 Saylor Lane, Alante Homes at Spring Run brings 233 purpose-built, for-rent homes to the market, including a mix of one-, two-, and three-bedroom patio homes and duet townhomes. PEG acquired the land in September 2022 with all entitlements secured and closed on a $47 million construction loan from Poppy Bank in January 2023 to fund its development.

“Alante Homes at Spring Run marks a significant milestone for us,” said Cameron Gunter, Founder and Co-Chief Executive Officer. “This project represents our commitment to delivering high-quality rental homes that cater to the evolving needs of Caldwell’s growing community. We’ve navigated early challenges with determination, and now we are excited to introduce a thoughtfully designed community that blends modern living with convenience, comfort and a true sense of place.”

PEG’s in-house residential property management team, renowned for exceptional service and market-leading performance, will oversee the property with a strong, hands-on presence, delivering top-tier customer care and thoughtfully curated programming that fosters convenience and connection for residents.

“PEG’s BFR product Alante Homes is redefining the rental experience by blending the best of single-family living with the convenience and community of multifamily. Our team is committed to delivering an elevated, hassle-free lifestyle for discerning renters—offering spacious, high-quality homes with exceptional service and thoughtfully curated amenities that enhance everyday living,” said Debra Spohn, President, Residential Property Management.

The timing of Alante homes at Spring Run aligns with Caldwell’s continued growth, fueled in part by the strength of the greater Boise economy. Since January 2023, Boise’s unemployment rate has consistently remained 74 basis points below the national average. Furthermore, the region is set to benefit from Micron’s $15 billion semiconductor plant, projected to create 2,000 direct jobs, 4,500 construction jobs, and 15,000 indirect jobs – boosting economic activity and driving demand for quality housing options like Alante Homes at Spring Run.

Alante Homes at Spring Run is part of PEG’s broader strategy to expand its build-for-rent footprint across key growth markets. With modern patio homes, spacious layouts, and community-centric amenities, the development will provide an attractive living option for Caldwell’s growing workforce and families.