Thompson Thrift Residential announces sale of ranch in Sienna near Houston
HOUSTON, July 19, 2022 /PRNewswire/ — Residential Thompson Thrift100% subsidiary of Indianapolis-based Thompson Thrift and one of the nation’s leading multi-family developers, today announced the sale of The Ranch at Sienna, a 312-unit Class A multi-family community located in the Houston suburb of city in missouri. HoustonNew York-based Laye Capital Investments bought the community for an undisclosed amount.
“We strive to create homes and communities where residents are proud to live,” said Josh Purvis, managing partner of Thompson Thrift Residential. “Sienna Ranch has validated our investment approach of developing communities focused on style, convenience and luxury. We are very pleased to have delivered strong results to our investment partners.”
Located at 8811 Sienna Springs Boulevard off Highway 6, the community offers 312 one-, two-, and three-bedroom apartments averaging 1,105 square feet. Completed in September 2016, The Ranch at Sienna offers residents beautifully appointed apartments with gourmet kitchens, attached garages, private balconies, and full-size washers and dryers. Luxury living extends throughout the community with poolside cabanas, a 24-hour fitness center with state-of-the-art cardio and weight-training equipment, a clubhouse, a cafe-bar, an outdoor kitchen, a games room and a dog park.
The Ranch at Sienna is further enhanced by its prime location minutes from downtown Houston within the 10,500 acre master planned Siena community. The community offers upscale housing and over 2,000 acres dedicated to parks, golf courses, recreation areas, lakes, greenbelts and nature preserves.
Thompson Thrift has made a name for itself as one of the few developers to build Class A residential communities in markets across the country with a range of conventional luxury villas and townhouse style communities. Throughout its history, the company has invested over $3.7 billion and has made itself known as a trusted partner committed to the development of attractive and quality communities. The company recently earned the distinction of being named one of the GlobeSt. The Real Estate Forum’s Multifamily Real Estate Influencers for 2021.
David Mitchell with Newmark’s Multifamily Capital Markets, negotiated the sale of Thompson Thrift.
About Thompson Thrift Realty Company
Thompson Thrift is a full-service, integrated real estate company with offices in Indianapolis and Terre Haute, Indiana, Houston and Phoenix. Three business units drive Thompson Thrift’s success: Thompson Thrift Residential, which focuses on high-end Class A multi-family communities and luxury rental homes, Thompson Thrift Commercial, which focuses on commercial development in from scratch, and Thompson Thrift Construction, a full-service construction company. Through these business units, Thompson Thrift is engaged in all aspects of the acquisition, development, construction, leasing and management of multi-family, mixed-use, commercial, industrial and commercial projects in quality across the country. We are passionate about the success of our clients and strive to ensure that our projects meet not only the needs of our clients, but also the communities we serve. For more information, please visit www.thompsonthrift.com
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