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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.
Thompson Thrift Named a Top Apartment Developer, Builder by the National Multifamily Housing Council
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INDIANAPOLIS, April 15, 2021 /PRNewswire/ Indianapolis-based Thompson Thrift, a full–service nationally recognized real estate company, earned national recognition by making the National Multifamily Housing Council s (NMHC) 2021 NMHC 50, the annual ranking of the nation s largest apartment owners, managers, developers, builders and syndicators. I am exceedingly proud that our team adapted to the ever-changing operating environment that the pandemic presented and stayed focused on our ethos of excellence, service and leadership to deliver a banner year for our company, said Paul Thrift, CEO of Thompson Thrift. As a fully integrated company, our developers and builders are able to collaborate in a unique way that allows us to take projects from vision to reality.
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MEMPHIS, Tenn., April 14, 2021 /PRNewswire/ Pacific Oak Capital Advisors, LLC, a sponsor primarily focused on commercial real estate-focused alternative investment programs, today announced the recent acquisition of seven single-family homes in Southaven, Mississippi for $1.11 million. With this latest portfolio acquisition, Pacific Oak and its affiliates now own and manage approximately 1,800 homes throughout suburban centers in the Midwest and Southeast.
The built-to-rent homes were completed in 2020, and are 10 minutes south of downtown Memphis. The homes were constructed by a Tennessee homebuilder that is a strategic Pacific Oak partner in the submarket, and represent an extension of Pacific Oak s prior investments in both Southaven and the broader Memphis submarket.
Thompson Thrift Retail Group Acquires Land for Phoenix Area Retail Development
First phase of $28 million project to open in early 2022
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PHOENIX, April 14, 2021 /PRNewswire/ Thompson Thrift Retail Group (TTRG), a wholly owned company of Indianapolis-based Thompson Thrift, announced today the acquisition of the first parcel of a 15-acre master planned development in Mesa.
When fully built out, the development located at the northwest quadrant of US 60 and Signal Butte Road will feature approximately 95,000 square feet of retail space set among a series of freestanding and multi-tenanted buildings.
Whataburger, Backyard Taco, Black Rock Coffee and EOS Fitness have already committed to the site, which TTRG is targeting to open the first phase of the development in the first quarter of 2022. When all phases of the project are complete, TTRG expects the development to have a total project cost in excess of $28 million.