INDIANAPOLIS, March 13, 2025 ~ Indianapolis-based real estate company, Thompson Thrift, has announced the successful closing of their latest limited partnership offering. The Thompson Thrift 2025 Multifamily Development, LP raised over $255 million in capital commitments, surpassing their initial goal of $230 million.

According to CEO Paul Thrift, this achievement is a testament to the trust that their investment partners have in the company's team and strategy. With the current low levels of multifamily construction starts, Thompson Thrift sees a significant opportunity to provide much-needed housing in key markets. The raised funds will be used to develop a portfolio of high-quality multifamily communities across different geographical locations.

This marks Thompson Thrift's seventh multi-project development fund and will allow them to strategically launch seven new upscale multifamily developments in suburban growth markets nationwide. Carrie Thrift LaFay, vice president of capital markets, expressed gratitude for the confidence shown by their investment partners, with 80% of the capital commitments coming from repeat partners. She also highlighted the company's consistent and disciplined approach and commitment to being responsible stewards of their partners' capital.

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Thompson Thrift has established itself as a leader in developing Class A luxury multifamily communities throughout the United States. Their portfolio offers a diverse range of rental options, catering to the varied wants and needs of today's renters. Since adding a multifamily business unit in 2008, they have raised over $1.6 billion from equity partners and constructed 90 communities in 23 states.

Their portfolio includes three primary standard designs that provide construction efficiency, cost predictability, and have been tried and tested through multiple builds and leases, winning residents' approval.

With nearly 40 years of experience, Thompson Thrift is a full-service real estate development company focused on ground-up residential, commercial, and mixed-use projects across the Midwest, Southeast, and Southwest regions. They have invested over $6 billion into local communities and have earned a reputation as a trusted partner committed to developing high-quality and attractive commercial and multifamily communities.

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