Thompson Thrift Raises Over $255M for Seventh Multifamily Fund

Thompson Thrift has closed Thompson Thrift 2025 Multifamily Development, LP, securing over $255 million in capital commitments, exceeding its initial $230 million target. The capital will fund a diverse portfolio of Class A multifamily real estate communities across various regions.

The company’s seventh multi-project development fund enables the firm to initiate seven new upscale multifamily projects in suburban markets across the U.S.

“We deeply appreciate the confidence our investment partners place in us, and we’re grateful that 80% of our capital commitments came from repeat partners,” said Carrie Thrift LaFay, VP of capital markets.

Indianapolis-based Thompson Thrift provides a variety of rental options, including conventional garden-style multifamily communities, luxury leased villas, and townhomes. Since launching its multifamily division in 2008, the firm has secured over $1.6 billion from equity partners to develop 90 communities across suburban markets in 23 states.

Thompson Thrift specializes in ground-up development of residential, commercial, and mixed-use projects throughout the Midwest, Southeast, and Southwest.