Thompson Thrift Launches Seventh Multifamily Development Fund
Thompson Thrift, a full-service national real estate company, announced the launch of Thompson Thrift 2025 Multifamily Development, LP. The offering seeks to raise $230 million in total capital commitments from accredited investment partners who will participate in the development of a portfolio of ground-up, multifamily communities located in dynamic growth markets across the country.
“I firmly believe that now is the opportune time in the cycle to invest in multifamily, with construction starts at their lowest in over a decade,” said Paul Thrift, chief executive officer of Thompson Thrift. “This reduced supply should drive rent growth and rising valuations in the coming years, ultimately generating value for our investment partners.”
The 2025 offering consists of six identified development projects across five states – Colorado, Florida, Georgia, Indiana, and Kansas. The partnership will fund and commence construction on the identified projects in 2025, with Thompson Thrift as the developer.
Since adding a multifamily business unit in 2008, Thompson Thrift has developed more than 85 communities in suburban locations across the United States. Their portfolio offers three primary standard designs, providing construction efficiency, cost predictability, and an end-product that has been tried and tested, winning the approval of residents through many builds and leases.
“Being good stewards of our investment partners’ capital is our top priority,” said Carrie Thrift LaFay, vice president of equity capital markets at Thompson Thrift. “Through a data-driven approach to market selection and strict adherence to fundamental site criteria, we aim to deliver excellent risk-adjusted returns.”
The 2025 limited partnership marks the seventh multi-project development partnership offering by the company. Since 2010, Thompson Thrift has raised and deployed more than $1.5 billion in equity capital.
Last month, the firm announced the beginning of construction on its multifamily community project within Colorado Springs’ Polaris Pointe development. The property was the 10th and final project funded with equity from the Thompson Thrift 2023 Multifamily Development, LP, a private placement fund that raised more than $390 million from accredited investors in 2023.
The limited partnership is being offered exclusively to accredited investors pursuant to Regulation D, Rule 506(c) under the Securities Act of 1933.
Thompson Thrift is a full-service real estate development company focused on multifamily, ground-up commercial, and mixed-use development across the Midwest, Southeast, and Southwest. The company continues to expand its 22-state footprint with eight new residential developments targeted for 2024, including new markets in Georgia, Utah, and Idaho. For nearly 40 years, Thompson Thrift has invested more than $6 billion into local communities and has become known as a trusted partner committed to developing high-quality, attractive multifamily, commercial, and industrial projects.
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