Thompson Thrift Celebrates Major Milestone with New Multifamily Development Partnership

Thompson Thrift, a prominent national real estate firm known for its leadership in multifamily development, recently announced a significant milestone as it successfully closed the Thompson Thrift 2026 Multifamily Development Limited Partnership. This latest partnership attracted over $222 million in capital commitments, showcasing the confidence of more than 350 investors, which includes accredited individuals, qualified purchasers, registered investment advisors (RIAs), and selected institutions.

Founded in 1986, Thompson Thrift is celebrating its 40th anniversary this year. Paul Thrift, CEO of Thompson Thrift Development, expressed excitement over this new venture, stating, "Closing this partnership at the start of our 40th year is both humbling and energizing. We are grateful for the continued trust of our partners and proud to advance the values that led us to become a leader in multifamily development."

This partnership signifies Thompson Thrift's eighth multi-project equity initiative and focuses on funding seven new Class A multifamily developments across various growth markets in the country. With a data-driven strategy for market selection and standardized design processes, the company aims to maximize efficiency and resident satisfaction while enhancing long-term value for its portfolio.

Since establishing its multifamily division in 2008, Thompson Thrift has delivered robust performance, utilizing over $1.9 billion from its equity partners to facilitate the creation of more than 27,000 multifamily units, amounting to over $6.1 billion in total volume. Greg Fedorinchik, the senior vice president of equity capital markets, highlighted the strengthening multifamily fundamentals, stating that there are compelling opportunities for developing well-located, high-quality housing in markets with sustained demand.

The new partnership will oversee the ground-up development of multifamily communities across states such as Georgia, Idaho, Nevada, South Carolina, and Tennessee, affirming Thompson Thrift's commitment to broadening its national footprint. The company is poised to enter its 24th state with the launch of its first multifamily community in Nevada, a testament to its ongoing expansion and strategic momentum.

“Today’s multifamily pipeline reflects the depth and quality of our development and acquisitions capabilities,” commented Josh Purvis, managing partner of Thompson Thrift Residential. He noted that long-term demographic trends are fueling strong demand for rental housing, emphasizing that the partnership will yield over 2,000 thoughtfully designed homes, generating value for residents, partners, and communities alike.

The launch of this partnership holds special significance as it coincides with Thompson Thrift's 40th anniversary. Over the decades, the firm has evolved from a regional player into a nationally recognized entity, now encompassing all aspects of development, construction, leasing, and management.

Investment in this partnership was made available exclusively to accredited investors in accordance with Regulation D, Rule 506(c) of the Securities Act of 1933, with the intention of fostering growth and innovation in the multifamily sector. The company continues to mitigate risks while advocating for transparency in investment opportunities.

In addition to its recent achievements, Thompson Thrift has received accolades for its commitment to workplace excellence, including recognition as a winner of the 2025 Top Workplaces USA award, which speaks volumes about its dedication to cultivating a supportive work environment.

For more detailed information on Thompson Thrift’s projects and investment opportunities, interested parties can visit their official website at www.thompsonthrift.com. As they embark on this exciting new chapter, Thompson Thrift remains focused on their mission to provide quality housing solutions that cater to the evolving needs of communities across the nation.