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PITTSBURGH, PA - Thompson Thrift Residential, a wholly-owned affiliate of Indianapolis-based Thompson Thrift and one of the nation s leading multifamily developers, announced the development of Prism at Diamond Ridge, a 336-unit, luxury multifamily community located in Moon Township, a thriving suburb of Pittsburgh. Resident move-ins are expected to begin in the first quarter of 2023.
Watermark Residential, a wholly owned affiliate of Thompson Thrift and one of the nation's leading multifamily developers, announced today the completed sale of Dayton Station, a 63-unit luxury leased townhome community in the coveted Cherry Creek community of Aurora. RedPeak acquired the property for $33.5 million.
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DENVER, April 29, 2021 /PRNewswire/ Watermark Residential, a wholly owned affiliate of Thompson Thrift and one of the nation s leading multifamily developers, announced today the completed sale of Dayton Station, a 63-unit luxury leased townhome community in the coveted Cherry Creek community of Aurora. RedPeak acquired the property for $33.5 million. Denver continues to be a difficult market within which to buy a home, and there is an increasing amount of renters-by-choice who want to enjoy the single-family lifestyle without maintenance hassles, said Josh Purvis, managing partner of Watermark Residential. Our thorough process for identifying markets that are prime for institutional-grade, for-rent communities continues to have us deliver attractive returns to our investors.
SOUTH BEND, IN - Watermark Residential, a wholly owned affiliate of Thompson Thrift and one of the nation s leading multifamily developers, announced the completed sale of The Villas on Fir, a 290-unit Class A, Big House multifamily community in the South Bend-Mishawaka MSA to Gray Capital for an undisclosed price. The South Bend-Mishawaka area offered an opportunity to develop a quality site with best-in-class product in a market with limited new market rate competition, said Brian Southworth, senior vice president, acquisition for Watermark Residential. That combination provided for a successful lease up and allowed us make an opportunistic sale based on the appetite of capital chasing new construction.