Multifamily developer Thompson Thrift has launched the 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.
“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.
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.
