Thompson Thrift Launches Ninth Multifamily Development Limited Partnership

2027 partnership targets up to $230 million in equity commitments for six identified developments across five states

INDIANAPOLIS--(BUSINESS WIRE)--Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, today announced the launch of Thompson Thrift 2027 Multifamily Development, LP, its ninth multi-project development partnership. The offering seeks to raise approximately $200 million to $230 million in total capital commitments from accredited equity partners to develop a geographically diversified portfolio of Class A multifamily communities.

The partnership has identified six development opportunities across Colorado, Kentucky, Montana, Arizona and Nevada, providing equity partners exposure to a diversified portfolio of projects through a single commitment. The portfolio also reflects Thompson Thrift’s continued expansion across the western United States, including its first multifamily development opportunity in Montana.

Thompson Thrift is launching the partnership at what company leaders believe is an especially compelling point in the multifamily development cycle.

“After four years of correction in the multifamily market, we believe we are clearly entering the next cycle,” said Paul Thrift, CEO and co-founder of Thompson Thrift Development. “New starts have been declining for several years, the record wave of new supply has largely been absorbed, and we are beginning to see improvement in rents and concessions, alongside continued strong demand and healthy occupancy. We believe these fundamentals create a compelling window for new development in the right markets.”

“One of the advantages of our business model is the ability to move in and out of markets across the country and deploy capital where we believe the fundamentals create the greatest opportunity at any given point,” said Josh Purvis, managing partner of Thompson Thrift Residential. “The six opportunities identified for the 2027 partnership reflect that approach, allowing us to pursue compelling supply-and-demand dynamics across multiple markets while maintaining the disciplined site selection that has guided our growth.”

The launch comes as Thompson Thrift concludes its 40th year. Since its founding, the company has invested more than $7.3 billion into local communities and grown into a vertically integrated national real estate organization with more than 660 team members. Since 2010, Thompson Thrift has started more than 27,000 residential units and deployed approximately $2 billion in equity capital.

“For the past 40 years, we have maintained an unwavering commitment to pursuing high-quality real estate development opportunities, executed with the utmost integrity and a history of delivering for our real estate partners,” said JR Plyler, chief investment officer of Thompson Thrift. “We are especially grateful for the equity partners who continue to place their trust in us and helped make that growth possible. This ninth multi-project partnership represents both the strength of those long-standing relationships and our confidence in the opportunity ahead.”

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.

About Thompson Thrift Real Estate Company

Since its founding in 1986, Thompson Thrift has grown from a locally focused development and construction company into a full-service, integrated enterprise with a national scope. From its offices in Indianapolis and Terre Haute, Indiana; Denver; Houston; and Phoenix the company is engaged in all aspects of development, construction, leasing and management of quality multifamily and commercial projects. The company earned national recognition as a winner of a 2026 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

Securities Offered Through North Capital Private Securities, Member FINRA/SIPC
Investments in private offerings are speculative, illiquid, and may result in a complete loss of capital. Past performance is not indicative of future results. Prospective investors should conduct their own due diligence and are encouraged to consult with a financial advisor, attorney, accountant, and any other professional that can help them to understand and assess the risks associated with any investment opportunity.