Thompson Thrift Launches 7th Multifamily Development Limited Partnership
October 2, 2024
Indianapolis
INDIANAPOLIS (Oct. 2, 2024) – 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.
