Thompson Thrift is a privately held, full-service real estate development and construction company founded in 1986 by John Thompson and Paul Thrift, who met while attending Indiana State University. The company has evolved from a locally focused operation into an integrated enterprise with national reach across development, construction, leasing, and property management. Thompson Thrift operates through three business units: Thompson Thrift Residential, focused on Class A multifamily communities and luxury leased homes; Thompson Thrift Commercial, focused on ground-up retail, mixed-use, and industrial development; and Thompson Thrift Construction, a full-service construction company. Since its founding, the company has invested more than $7.3 billion in real estate projects. The company has developed more than 85 multifamily communities across 23 states since adding a multifamily business unit in 2008, with a portfolio comprising 27,700+ residential units. Thompson Thrift raised $255 million in its 2025 Multifamily Development fund, marking the company's seventh multi-project development partnership and bringing total equity capital raised since 2010 to over $1.6 billion. The company employs a data-driven market selection process targeting suburban locations in growth markets with strong employment drivers and barriers to new supply. Thompson Thrift maintains offices in Terre Haute and Indianapolis, Indiana; Denver, Colorado; Houston, Texas; and Phoenix, Arizona.