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Thompson Thrift Launches 8th Multifamily Development Initiative

Thompson Thrift, a leading name in the real estate sector, has recently taken a significant step forward by announcing the Thompson Thrift 2026 Multifamily Development, LP. This ambitious project seeks to gather approximately $230 million in total capital from accredited equity partners. The goal is to create a comprehensive portfolio featuring ground-up Class A multifamily communities strategically located in fast-growing markets across the United States.

The firm has earmarked six diverse multifamily projects in several states including Georgia, Idaho, Nevada, South Carolina, Indiana, and Tennessee. This positive move sees construction funded via the partnership, facilitated by Thompson Thrift's extensive development expertise.

Paul Thrift, CEO of Thompson Thrift Development, expressed confidence in the multifamily housing sector, stating, "We believe multifamily housing is entering a new cycle, creating an especially attractive entry point for investment." His insights shed light on the current landscape where demand for quality rental housing is soaring to record highs, even as new supply faces challenges.

Proven Success in Multifamily Development

Since establishing its dedicated multifamily business in 2008, the company has successfully completed over 90 residential projects across 23 states, accumulating over $6.5 billion in volume. The portfolio emphasizes three standard design types, enhancing construction efficiency and predictability in costs. The company has consistently delivered high-quality communities focusing on positive resident experiences.

Thompson Thrift's upcoming partnership will implement a tried-and-true model emphasizing capital appreciation and disciplined execution, which has resulted in a remarkable 2.1x equity multiple on full-cycle developments, averaging an investment term of 35 months.

Greg Fedorinchik, senior vice president of equity capital markets, noted the simplicity of their partnership structure, stating, "This limited partnership allows equity partners to work directly with the developer, avoiding duplicative fees while gaining access to a clear, disciplined structure designed with their priorities in mind.” This approach highlights the importance of forging strong, trustworthy relationships with equity partners, as emphasized by Carrie Thrift LaFay, vice president of equity capital markets.

Strategic Timing in a Competitive Market

The economic indicators point toward sustained demand for rental housing, with household formations and shifting lifestyle preferences propelling this trend. With multifamily starts at their lowest level in over a decade and an increasing gap between owning and renting, Thompson Thrift believes now is a pivotal moment to accelerate multifamily development.

Josh Purvis, managing partner of Thompson Thrift Residential, emphasized their strategic positioning, stating, "With this partnership, we are well-positioned to deliver more than 1,800 thoughtfully designed apartment homes in high-growth suburban markets across the country where quality housing is needed most.”

As this new partnership unfolds, it will mark Thompson Thrift's eighth multi-project equity collaboration, fortifying their impressive 40-year tenure in the industry. Since 2010, the firm has deployed over $1.76 billion in capital, achieving robust and risk-adjusted outcomes across varying market conditions.

Regulatory Compliance and Recognition

The limited partnership opportunity is exclusively available to accredited investors, aligning with Regulation D, Rule 506(c) of the Securities Act. With general solicitation permitted under this regulation, interested parties must confirm their accredited status to participate in this promising investment avenue.

Thompson Thrift's commitment to quality and excellence has not gone unnoticed. This year, they were recognized with multiple accolades including the 2025 Top Workplaces USA, the Top Apartment Developer, and Top Builder from the National Multifamily Housing Council. Furthermore, the company was honored as Developer of the Year by REjournals at the 2025 Indiana Commercial Real Estate Awards.

For over three decades, Thompson Thrift has evolved from a local firm to a full-service enterprise operating on a national scale. They are engaged in all facets of development, construction, leasing, and management of quality residential and commercial projects. To learn more about their projects and initiatives, visit Thompson Thrift.

The company remains steadfast in its mission of creating long-term value while contributing positively to communities across America.