Issuu

THOMPSON THRIFT’S 40TH ANNIVERSARY

Celebrating 40 Years of Excellence

2026 marks 40 years of positively impacting our team members and the communities we serve.

Founded in 1986 by John Thompson and Paul Thrift, Thompson Thrift has grown from a locally focused development and construction company into an integrated, full-service real estate firm with a national scope.

Across four decades and multiple market cycles, our focus has remained disciplined: select the right markets, execute with excellence, steward capital responsibly, and build long-term partnerships grounded in trust.

40 years later, those principles continue to guide every decision.

Thompson Thrift’s breakout project, Sycamore Place (1991). Founders John Thompson and Paul Thrift during the company’s early years of growth.

John Thompson and Paul Thrift receive their 40-Year Service Award at the 2026 Annual Meeting, presented by Josh Purvis, Managing Partner, Residential, and Brian Timberman, President, Construction.

THOMPSON THRIFT 40TH ANNIVERSARY

Introducing 40 Acts of Service

In celebration of Thompson Thrift’s 40th anniversary, we are proud to introduce 40 Acts of Service, a year-long initiative focused on positively impacting the communities we serve.

This initiative creates meaningful opportunities for team members and their families to serve through existing TT Serve programs and team member-led grant projects that positively impact a nonprofit organization in their community. Signature and Community Impact grants are awarded based on the strength of the proposal and alignment with Thompson Thrift values.

Jake Flagg, Sr Director, Development, was awarded a Signature Grant to support the Light for Levi Foundation, which provides financial assistance to families of children with special needs or brain injuries.

Grant funds will support participation in the Light for Levi golf outing, with proceeds benefiting the foundation’s program that helps families offset medical-related expenses. Team members will participate through sponsored golf foursomes and volunteer opportunities during the event.

SIGNATURE GRANT EXAMPLE: LIGHT FOR LEVI FOUNDATION

Flagg Family at the 2025 Light for Levi Foundation Golf Outing

FEBRUARY 19, 2026

Thompson Thrift Announces Close of 2026 Multifamily Development Limited Partnership

Thompson Thrift announced the successful closing of the Thompson Thrift 2026 Multifamily Development, LP, with more than $222 million in total capital commitments from over 350 investment partners, including accredited investors, qualified purchasers, registered investment advisors (RIAs), and select institutions.

The offering marks Thompson Thrift’s eighth multi-project equity partnership and plans to fund seven new Class A multifamily developments across growth markets nationwide.

“Closing this partnership at the start of our 40th year is both humbling and energizing. We are grateful for the continued trust of our partners and are proud to carry forward the values that have guided our company to become a national leader in multifamily development.”

- Paul Thrift, CEO

Press Release

Lineage • Dacula, GA (Rendering)

EPS C I ALANNOUNCE M TNE

Thompson Thrift’s 100th Multifamily Community to be Developed in Atlanta Suburb

Thompson Thrift announced that it will develop Lineage, a 300-unit multifamily community in Dacula, GA, a suburb approximately 30 miles northeast of downtown Atlanta. Lineage marks Thompson Thrift’s 100th multifamily community developed nationwide, a milestone reflecting the company’s four decades of experience delivering resident-focused communities in high-growth markets.

Lineage will deliver a thoughtfully designed resident experience with an integrated retail component and a robust mix of indoor and outdoor amenities spanning nearly 15 acres. The development will be capitalized with equity from the Thompson Thrift 2026 Multifamily Development, LP.

“Reaching our 100th community is an incredible milestone for our entire team. It reflects the consistency of our vision, the strength of our partnerships, and our longstanding commitment to create communities people are proud to call home.”

- Josh Purvis, Managing Partner, Residential

Thompson Thrift Named a Top Multifamily Developer

MULTI-HOUSING NEWS

Thompson Thrift earned national recognition by being ranked as a Top Multifamily Developer in Multi-Housing News’ annual rankings. The company secured the #11 spot, its highest to date, on MHN’s list.

“We’re proud to again be recognized by Multi-Housing News as one of the nation’s top developers. Continuing to maintain meaningful momentum in today’s market is a testament to the dedication of our team members, the strength of our partnerships, and our continued commitment to delivering high-quality communities that make a lasting impact in the markets we serve.”

- Dan Sink, President & CFO

Press Release

The Junction at Rockledge • Rockledge, FL

Stella • San Tan Valley, AZ

Verity • Vero Beach, FL

EPS C I ALANNOUNCE M TNE

AWARDS & RECOGNITION

Thompson Thrift Recognized in J Turner Research’s 2025 Elite 1% ORA® Power Ranking

Thompson Thrift communities, Stella in San Tan Valley, AZ, and The Pullman in Union City, GA, were recently recognized in J Turner Research’s 2025 Elite 1% ORA® Power Ranking.

The Elite 1% ORA® Power Ranking recognizes the top 1% of conventional communities nationwide for outstanding online reputation. Rankings are determined using the Online Reputation Assessment (ORA), a metric that aggregates and analyzes online ratings and reviews, with higher scores correlating to stronger market performance.

Stella’s Community Website

The Pullman’s Community Website

Stella • San Tan Valley, AZ

The Pullman • Union City, GA

Expanding Our Market Research Platform

We are expanding our national market analytics and research platform to further strengthen the rigor behind our investment strategy, including the addition of Matt Vance as Chief Market Strategist & Economist.

Matt joins Thompson Thrift after 10 years at CBRE, most recently serving as Vice President and Americas Head of Multifamily Research, where he led the firm’s multifamily research platform and data-driven insights.

View Matt’s Full Bio

FEATURED ARTICLE

At Thompson Thrift, we remain committed to sharing thoughtful market intelligence that helps our partners navigate an evolving environment. In this piece, Jay Parsons highlights three enduring fundamentals supporting rental housing: first, housing remains a necessity amid a structural shortage; second, the renter lifecycle is lengthening; and third, marketrate rental affordability is improving. He also addresses the uncertainties shaping today’s market.

“Uncertainty” has been the keyword clouding the outlook for the apartment and single-family rental markets over the last two years. When does it fade away?

Three Certainties in the Era of Heightened Uncertainty

Published March 24, 2026 Read

Article

Current Sources We Are Tracking

Real Estate Enters the Next Phase of the Cycle

Emphasizes the sharp drop in new construction is setting up the next phase of the cycle, supporting improved rent growth and value recovery as supply pressure eases. Click here to read the article.

Reflections on 2025

Reflects on 2025 and frames 2026 as a potential “turning the corner” year with stronger improvement possible into 2027. Click here to view the post on LinkedIn.

Prediction for 2026

Explains how fundamentals can improve even with softer leasing demand, so long as new deliveries decline faster than demand. Click here to view the post on LinkedIn.

Carl Whitaker: Q1 ’26 Multifamily Update & Outlook

Offers a market-by-market look at supply, demand, occupancy, rents, and concessions, including what would signal concession burn-off and where “green shoots” may be emerging. Click here to listen to the podcast.

Michael Comparato | Where’s All the Distress?

Highlights that distress has remained selective, and outlines what could and could not lead to increased forced selling as maturities approach. Click here to listen to the podcast.

Dr. Peter Linneman

Provides perspective on the macro backdrop: employment, inflation, interest rates, and affordability, and why those inputs matter for the pace of demand and the timing of recovery across real estate sectors. Click here to listen to the podcast.