Thompson Thrift Sells Notch66 Multifamily Community Near Boulder
Indianapolis-based Thompson Thrift, a full-service real estate company, has sold Notch66, a 336-unit multifamily community located near Boulder in Longmont, Colo.
The Wolff Company, a Scottsdale, Ariz.-based real estate investment and development firm, purchased the property through its core-plus acquisition vehicle for an undisclosed price. Notch66 was developed with equity from Watermark 2021 Development Fund III LP, which raised $148.5 million from accredited investors, exceeding its goal of $123 million.
Construction began in February 2022 and was completed in June 2024. At the time of sale, Notch66 was 93% leased.
“The successful sale of Notch66 reflects our commitment to delivering thoughtfully designed, high-quality communities in vibrant growth markets like Longmont,” said Josh Purvis, managing partner for Thompson Thrift Residential. “With its proximity to Boulder and Denver, a strong employment base, and exceptional quality of life, Longmont continues to attract top-tier residents. We’re proud of the lasting value Notch66 brings to the community and confident it will remain a desirable place to live for years to come.”
Situated on approximately 18.4 acres at 2514 Main St. and Ute Highway, Notch66 features one-, two- and three-bedroom apartment homes with quartz countertops, stainless steel appliances, hardwood-style flooring, full-size washers and dryers, walk-in closets, and private yards and detached garages in select units. Community amenities include a clubhouse with resident gathering spaces, a heated resort-style swimming pool, a fully equipped fitness center, communitywide Wi-Fi and a dog park.
The sale of Notch66 reflects Thompson Thrift’s continued activity in Colorado, where the company has developed 22 communities statewide, including three in Longmont.
The transaction was brokered by CBRE.
“We had an incredible number of offers for Notch66,” said Shane Ozment, vice chairman at CBRE. “Its position as one of the fastest lease-up communities in Longmont, driven by its premium location and upscale finishes, clearly resonated in the marketplace.”
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.
In October 2025, it launched Thompson Thrift 2026 Multifamily Development LP, a limited partnership that seeks to raise approximately $230 million in total capital commitments from accredited investors. The company said the vehicle will fund a portfolio of ground-up Class A multifamily developments across Georgia, Idaho, Nevada, South Carolina, Indiana and Tennessee, with construction funded by the partnership and Thompson Thrift as the developer.
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