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Chicago & Midwest  + Midwest  + Finance  |  October 2, 2024
Jasmine Kilman
By: Jasmine Kilman

Thompson Thrift Launches 7th MF Development Partnership

Thompson Thrift announced the launch of Thompson Thrift 2025 Multifamily Development, LP. The offering seeks to raise $230 million in total capital commitments from investment partners to participate in the development of a portfolio of ground-up, multifamily communities in 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. The 2025 limited partnership marks the seventh multi-project development partnership offering by the company.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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