Thompson Thrift has closed its latest multifamily development fund. The fund, which successfully raised more than $250 million in equity commitments, will fund Thompson Thrift's development, construction and management of class A multifamily communities. The 2024 fund marks the sixth fund offered by the company.
Thompson Thrift will utilize the proceeds from the offering to fund seven new, upscale multifamily developments across geographically diverse suburban growth markets across the country. These committed funds allow Thompson Thrift to begin projects from its 2024 development pipeline.