Thompson Thrift Launches Ninth Multifamily Development Limited Partnership

Post by Lily Tikijian

Sr Director, Communications & Engagement

Indianapolis, IN

The partnership has identified six development opportunities across Colorado, Kentucky, Montana, Arizona, and Nevada, providing equity partners exposure to a diversified portfolio of projects through a single commitment. The portfolio also reflects Thompson Thrift's continued expansion across the western United States, including its first multifamily development opportunity in Montana.

Thompson Thrift is launching the partnership at what company leaders believe is an especially compelling point in the multifamily development cycle.

"After four years of correction in the multifamily market, we believe we are clearly entering the next cycle," said Paul Thrift, CEO and Co-founder, Thompson Thrift Development. "New starts have been declining for several years, the record wave of new supply has largely been absorbed, and we are beginning to see improvement in rents and concessions, alongside continued strong demand and healthy occupancy. We believe these fundamentals create a compelling window for new development in the right markets."

"One of the advantages of our business model is the ability to move in and out of markets across the country and deploy capital where we believe the fundamentals create the greatest opportunity at any given point," said Josh Purvis, Managing Partner, Thompson Thrift Residential. "The six opportunities identified for the 2027 partnership reflect that approach, allowing us to pursue compelling supply-and-demand dynamics across multiple markets while maintaining the disciplined site selection that has guided our growth."

The launch comes as Thompson Thrift concludes its 40th year. Since its founding, the company has invested more than $7.3 billion into local communities and grown into a vertically integrated national real estate organization with more than 660 team members. Since 2010, Thompson Thrift has started more than 27,000 residential units and deployed approximately $2 billion in equity capital.

"For the past 40 years, we have maintained an unwavering commitment to pursuing high-quality real estate development opportunities, executed with the utmost integrity and a history of delivering for our real estate partners," said JR Plyler, Chief Investment Officer, Thompson Thrift. "We are especially grateful for the equity partners who continue to place their trust in us and helped make that growth possible. This ninth multi-project partnership represents both the strength of those long-standing relationships and our confidence in the opportunity ahead."

The limited partnership is being offered exclusively to accredited investors pursuant to Regulation D, Rule 506(c) under the Securities Act of 1933, as amended (the "Securities Act"). As general solicitation is permitted under Rule 506(c) offerings, purchasers must meet verification requirements for validation of their accredited investor status.

Securities Offered Through North Capital Private Securities, Member FINRA/SIPC

Investments in private offerings are speculative, illiquid, and may result in a complete loss of capital.  Past performance is not indicative of future results.  Prospective investors should conduct their own due diligence and are encouraged to consult with a financial advisor, attorney, accountant, and any other professional that can help them to understand and assess the risks associated with any investment opportunity.