Thompson Thrift Plans 100th Multifamily Project in Atlanta Suburb
Indianapolis-based Thompson Thrift, a full-service real estate company, announced a project to develop Lineage, a 300-unit multifamily community in Dacula, a suburb approximately 30 miles northeast of downtown Atlanta. Lineage marks Thompson Thrift’s 100th multifamily community to be developed nationwide.
The development will be capitalized with equity from the Thompson Thrift 2026 Multifamily Development LP. The company closed the fund last week with more than $222 million in total capital commitments from over 350 investment partners, including accredited investors, qualified purchasers, registered investment advisers, and select institutions. The multi-project equity partnership is supporting Lineage and six other new Class A multifamily developments.
Expected to house its first residents in April 2028, Lineage will be integrated with a retail component, as well as indoor and outdoor amenities spanning nearly 15 acres.
“Dacula continues to see strong residential and commercial momentum, making it an ideal location for a community like Lineage,” said Josh Purvis, managing partner for Thompson Thrift Residential. “From resort-style amenities to flexible social and entertainment spaces, Lineage will offer an elevated lifestyle, while serving as a gathering point for residents and the surrounding neighborhood.”
Located at the Harbins Road and Hwy. 316 interchange, Lineage is expected to include four-story buildings with one-, two-, and three-bedroom apartment homes. Residences will feature premium interior finishes, including granite countertops, stainless-steel appliances, full-size washers and dryers, and hardwood-style flooring. Select homes will include private patio, balcony and yard options, and community conveniences will include detached garages and high-speed internet access. The development will also include over 9,500 square feet of street-level retail space along Harbins Road, designed with outdoor seating, a play space, and an area for outdoor concerts.
According to the firm, Lineage residents will have direct access to employment options at multiple Fortune 500 and Fortune 1000 companies headquartered in Atlanta. Other nearby projects such as The Rowen, a 2,000-acre mixed-use development within three miles of Lineage, are projected to create up to 100,000 jobs at full build-out. A new Publix-anchored retail center is within a quarter mile, with a Chick-fil-A currently under construction adjacent to the center.
It’s been a lively first quarter for Thompson Thrift. In addition to closing the 2026 fund and announcing Lineage, the company sold Notch66, a 336-unit multifamily community located near Boulder in Longmont, Colo.
Over the past 40 years, Thompson Thrift has invested more than $7.1 billion in local communities and has become known as a developer engaged in all aspects of development, construction, leasing, and management of real estate projects across the country.
Thompson Thrift is a full-service real estate development company focused on ground-up residential, commercial and mixed-use development across the Midwest, Southeast, and Southwest.
Click here to visit the AltsWire directory page.
