Barings has provided a $548.5 million loan to refinance a portfolio of nine multifamily communities totaling more than 2,500 units across six states: Arizona, Colorado, Florida, Michigan, Minnesota and Missouri. The portfolio is owned by Thompson Thrift, a nationally recognized real estate development firm, which delivered the assets between first quarter 2024 and second quarter 2025.
“We’re excited to partner with Thompson Thrift, a proven leader in the development of class A multifamily product,” said Daniel Hedgepeth, director at Barings. “This portfolio represents the type of high-quality, well-located real estate we seek to finance — backed by experienced sponsorship and well positioned for strong performance in today’s market.”
The properties range from 91 to 344 units and feature luxury amenity packages and premium interior finishes. Each community is strategically located near major retail corridors and employment hubs, reinforcing long-term deman
