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High-rise commercial buildings

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Alternative Assets  + Real Estate  | 
Thompson Thrift Closes $250M Multifamily Development Fund

Thompson Thrift Closes $250M Multifamily Development Fund

Thompson Thrift, a full-service real estate company, closed its sixth multifamily development fund, which raised more than $250 million for the development, construction, and management of Class A multifamily communities.

The money raised will be used to fund seven new, upscale multifamily communities in geographically diverse suburban growth locations around the country, allowing Thompson Thrift to commence projects in its 2024 development pipeline.

“Their [team] real estate expertise, ability to select markets and sites with exceptional demand drivers and established track record of performance continues to be rewarded with strong interest from our valued investment partners,” Paul Thrift, CEO of Thompson Thrift.

The company’s Class A luxury multifamily portfolio ranges from traditional garden-style communities to luxury leased villas and townhomes.

Indianapolis-based Thompson Thrift’s three business segments have developed and constructed over $5.4 billion in commercial real estate in 22 states, including over 21,500 Class A apartment homes in over 80 communities and more than 4.5 million square feet of mixed-use and retail projects.

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Thompson Thrift

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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