INDIANAPOLIS, Oct. 2, 2024
/PRNewswire/ -- Thompson Thrift, a full-service nationally
recognized real estate company and one of the nation's leading
multifamily developers, announced today 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,
CEO 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 – Georgia, Florida, Colorado, Kansas and Indiana. 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.
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.
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. 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.
Since its founding nearly 40 years ago, 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 commercial and
multifamily communities.
About Thompson Thrift Real Estate
Company
Thompson Thrift is an integrated full-service
real estate company with offices in Indianapolis and Terre Haute, Indiana; Denver; Houston; and Phoenix. Three business units drive Thompson
Thrift's success—Thompson Thrift Residential which is focused on
upscale Class A multifamily communities and luxury leased homes,
Thompson Thrift Commercial which is focused on ground-up commercial
development, and Thompson Thrift Construction, a full-service
construction company. Through these business units, Thompson Thrift
is engaged in all aspects of development, construction, leasing,
and management of quality commercial real estate projects across
the country. The company earned national recognition as a winner of
a 2024 Top Workplaces USA award,
the latest accolade that reflects the company's ongoing commitment
to excellence in the community and workplace. For more information,
please visit www.thompsonthrift.com
Contact:
Jennifer
Franklin
Spotlight Marketing
Communications
949.427.1385
jennifer@spotlightmarcom.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/thompson-thrift-launches-7th-multifamily-development-limited-partnership-302265602.html
SOURCE Thompson Thrift