Thompson Thrift Partner Newsletter Q4 2022

OUR C U LTUR E

T HOMP S O N THRIF T

Living the core through our mission, values and competencies

To positively impact our team members and the communities we serve

So “What does Live the Core mean?” The core of Thompson Thrift encompasses our Mission, Core Values, and Core Competencies. These three aspects make up the culture of Thompson Thrift—why we do what we do, our guiding principles, and the behaviors we strive to achieve.

At Thompson Thrift, our Mission Statement isn’t something that we simply put on the wall. We live it every day by making a positive impact and serving our communities in our work and personal life. As a company, we are successful due to our individual and collective efforts and by Living the Core!

E

THRIF T

TT SERVE Fall Service Days

TT Serve is the community impact arm of Thompson Thrift and offers team members opportunities to live out our mission in a variety of ways. We support and honor the impact each individual is making in their community and are proud of our team members’ service.

This fall, almost 200 team members from our Indianapolis and Terre Haute offices participated in community service days at Heart Change and Next Step, Thompson Thrift’s community service partners.

“Watching this team of volunteers and project leaders in action was amazing,” shared Lori Danielson, Interim TT Serve Director. “The leadership displayed, incredible teamwork and attention to detail around every project was a testament to the team members working to live out the mission.”

During these service days, team members helped to clear vacant lots, paint, landscape, install kitchen cabinets, build bookshelves, powerwash siding, package soaps, and much more.

“I’m so proud of all of our team members who generously gave their time and talents to support Heart Change and its efforts to serve marginalized families in the Brookside neighborhood of Indianapolis. Everyone who participated was a living demonstration of our corporate mission to serve others!” - Dana Grimes, Vice President - Senior Associate General Counsel.

SPO T L I GHT

National Association of Home Builders Multifamily Leadership Fall Board Meeting

Paul Thrift, CEO, and Josh Purvis, Managing Partner of Thompson Thrift Residential, attended the National Association of Home Builders (NAHB) Multifamily Leadership Fall Board Meeting in Nashville in early December. Paul is Chairman of the NAHB Board for 2022 and 2023.

The meeting included top executives from many of the top multifamily developers in the US. The Board examined the current market conditions and discussed their plans for 2023 and beyond. The Board also listened to an economic update and forecast from Rob Dietz, Chief Economist for the NAHB, who is a nationally recognized authority on housing.

“I am honored and humbled to be leading a board of such distinguished and accomplished individuals from companies that I admire and that we compete with on a daily basis. I always come away with ideas that inspire and challenge me. We are entering a turbulent market and it is important that we have the latest information available and understand what others in our Industry are experiencing and doing to prepare for the future,” said Paul Thrift.

SPO T L I GHT

KRISTIN TOLLIVER

Thompson Thrift Team Member Spotlight

Kristin Tolliver, Senior Vice President of HR, recently became a member of the Thompson Thrift Executive Leadership Team. In her time at Thompson Thrift since June 2018, Kristin has held the positions of Regional Manager, VP of Community Management, and VP of HR Operations.

In her current role, Kristin leads the HR team with a focus on the strategic oversight and management of recruitment and staffing, performance management, team member relations and engagement, and compensation and benefits. Kristin and her team helped execute the Family Impact Benefits Program and continue to work to keep our team members engaged.

“The Community Management team is proud of all Kristin has accomplished within our department. She has really grown as a leader, and we are excited to see what impact she can make for our entire company.” -

Aimee

O’Connor, SVP, Community Management

Kristin’s devotion to our organization and team members continues to shine through her work and mentorship. Thompson Thrift is thankful for Kristin’s commitment to our mission to positively impact our team members and the communities we serve.

Thompson Thrift Announces Sale of The Element in Kansas City, Missouri

KANSAS CITY, MO

Thompson Thrift, a full-service nationally recognized real estate company, announced today the sale of The Element, a 276-unit multifamily community located in Kansas City. Minneapolis-based Timberland Partners purchased the community.

Thompson Thrift Sells Luxury Multifamily Community Near Huntsville

MADISON, AL

Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced today the sale of FarmHaus, a recently completed 324-unit Class A multifamily community located in the Huntsville suburb of Madison. Virginia-based Capital Square purchased the community for an undisclosed amount.

Read the full article in our Pressroom

Thompson Thrift Closes on 17 Acres of Land in Surprise, AZ

SURPRISE, AZ

Thompson Thrift closed on 17 acres of land at the Northeast corner of Loop 303 and Cactus Road in Surprise, Arizona. The development sits at the front door of a new industrial development that will comprise of over 1 million square feet of Class A space, and is less than one mile south of Prasada Village, a 1 million square foot retail project currently under development. Read the full article in our Pressroom

Thompson Thrift to Develop Luxury Townhome-Style Community Outside Minneapolis

WOODBURY, MN

Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced today that The Meridian at CityPlace, a 91-unit Class A townhome-style community in the Minneapolis suburb of Woodbury, will begin construction later this month. Resident move-ins are slated to begin in June of 2024. Read the full article in our Pressroom

S R E L EAS

Thompson Thrift to Develop New Luxury Multifamily Community Near Grand Rapids, Michigan

GRAND RAPIDS, MI

Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced today the acquisition of 29 acres of land in the Grand Rapids suburb of Wyoming. The company will develop a 344-unit Class A multifamily community on the land and plans to welcome new residents in late 2023.

Thompson Thrift Hosts Groundbreaking on First Phase of 75-Acre Mixed-Use Industrial Development in Mesa’s Elliot Road Technology Corridor

MESA, AZ

Thompson Thrift, a full-service nationally recognized real estate company, hosted a groundbreaking today for the first phase of Elliot Tech Center, a 1 million-square-foot, mixed-use industrial and retail project within Mesa’s Elliot Road Technology Corridor.

Elliot Tech Center is located at the northwest corner of Elliot Road and Signal Butte Road, which is just northeast of Phoenix-Mesa Gateway Airport with direct access to both SR 24 and Loop 202. The new development will be directly north of Apple’s Global Command Center and east of the Meta Mesa Data Center, currently under construction, and the forthcoming Google Data Center.

Read the full article in our Pressroom

Paul Thrift and John Thompson Honored as the 2022 Recipients of Indiana State University’s Distinguished Alumni Awards

TERRE HAUTE, IN

Presented annually since 1957, the Distinguished Alumni Award recognizes alumni who have made significant achievements professionally and within their communities, locally and globally. Paul and John were recognized on Friday, November 4 at the annual President’s Dinner with the University’s philanthropy award honorees.

Thompson Thrift to Develop Luxury Multifamily Community Outside Colorado Springs

MONUMENT, CO

Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced today the development of Alta25, a 264-unit Class A multifamily community in the Colorado Springs suburb of Monument.

Thompson Thrift plans to welcome new residents starting in 2025.

FEATU R E RESI

D E N TIAL

O’FALLON, MO

Avenue64

Avenue64 is a 316-unit Class A multifamily community in O’Fallon, Missouri.

Located off of I-64 and Highway K, Avenue 64 is less than one mile from two of the St. Louis metro area’s largest employers, CitiMortgage and Progress West Hospital, 5-minutes from Mastercard’s Global Operations HQ, and less than 10 miles from Chesterfield, Missouri, an employment center with more than 50,000 jobs. The site offers quick and easy access to a variety of shopping, dining, and retail options within 10 miles.

This 17-acre site features three 4-story buildings. The luxury one-, two-, and three-bedroom apartments features designer interiors, quartz countertops, stainless steel and energy-efficient appliances, full-size washers and dryers, and much more.

View community webpage

DURHAM, NC

Marketplace at Ellis Crossing

This 30-acre mixed-use development is just 20 miles from Downtown Raleigh and 5 miles from Downtown Durham, making it ideally located between two of the fastest growing cities in North Carolina.

Marketplace at Ellis Crossing is part of Research Triangle Park, which consists of 11+ million SF of office/research and 7+ million SF of industrial/distribution. With over 264 research companies and more than 50,000 high-tech workers, the local vicinity has quickly become one of the fastest developing areas in the country.

Road improvements are in place and are expected to further drive economic development in this area; improving access between Durham and Research Triangle Park, and Raleigh-Durham International Airport. There are several new multifamily and residential developments, with more planned and under construction, including Lennar at Ellis Walk, 339 homes starting in the mid-$300s.

Construction is expected to be completed in February 2023.

In the spirit of the season,

we share our deepest appreciation for your partnership. We value the confidence you place in us and remain committed to delivering outstanding results. Wishing you and your family

Merry Christmas & Happy New Year.