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FUNDRAISING NEWS | February 03, 2025
Thompson Thrift secured capital commitments of $255.3M for its oversubscribed 2025 multifamily development fund, topping the vehicle’s $230M target.
In a January 31 filing with the SEC, the real estate investor said it secured pledges from 445 investors for Thompson Thrift 2025 Multifamily Development since making its first sale on January 15. The minimum investment for the fund was set at $500K.
Thompson Thrift, which aimed to raise $270M for a similar fund in 2024 and $392.3M for a 2023 version, secured the assistance of North Capital Private Securities in marketing the latest fund across the US, allocating $160K for sales commission.
The Indianapolis-based firm unveiled the 2025 multifamily development fund in October 2024. It said the targeted capital will be used for the development of multifamily communities in growth markets across the US, particularly six projects in the states of Georgia, Florida, Colorado, Kansas and Indiana. By October 2024, the company said it had already built over 85 suburban communities across the US since it launched its multifamily operations in 2008.
Written By: Dakota
February 14, 2024
March 09, 2023
February 03, 2025
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