Thompson Thrift Residential Sells The Wyatt Near Phoenix

PHOENIX, Aug. 2, 2022 /PRNewswire/ -- Thompson Thrift Residential, a wholly-owned affiliate of Thompson Thrift and one of the nation's leading multifamily developers, announced today the sale of The Wyatt, a 216-unit multifamily community located in the Phoenix suburb of Gilbert. The property was purchased by a private buyer from California for an undisclosed amount.

"There continues to be high demand for multifamily housing throughout Phoenix's rapidly growing submarkets," said Josh Purvis, managing partner for Thompson Thrift Residential. "The Wyatt earned a lot of interest from residents and buyers alike thanks to its high-quality construction, amenities and its prime location in a great school district."

Completed in May 2022, the Class A community offers 216 one-, two- and three-bedroom apartment homes averaging 978 square feet. Residents enjoy upgraded finishes including gourmet bar-kitchens with granite countertops, stainless steel appliance packages, walk-in closets and full-size washers and dryers. The resort-style amenities include a clubhouse, 24-hour fitness center with state-of-the-art equipment, a resort-quality swimming pool with cabana, and a pet-friendly "bark park".

Located at 1233 South Gilbert Road near Highway 202, The Wyatt is central to Gilbert's booming downtown district, which is home to major employers like Banner Health, Go Daddy, Deloitte and Northrop Grumman. The Wyatt's location provides its residents with access to a highly acclaimed public school district as well as numerous high-end retail shops, restaurants and entertainment options at the nearby Gilbert Heritage District and San Tan Village.

Steve Gebing with Institutional Property Advisors brokered the sale for Thompson Thrift.

About Thompson Thrift Real Estate Company
Thompson Thrift is an integrated full-service 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 is focused on upscale Class A multifamily communities and luxury leased homes, Thompson Thrift Commercial which is focused on ground-up commercial development, and Thompson Thrift Construction, a full-service construction company. Through these business units, Thompson Thrift is engaged in all aspects of acquisition, development, construction, leasing, and management of quality multifamily, mixed-use, retail, industrial and commercial projects across the country. We are passionate about our customer's success and strive to ensure our projects not only meet the needs of our customers but also the communities we serve. For more information, please visit www.thompsonthrift.com

Contact:
Jennifer Franklin
Spotlight Marketing Communications
949.427.1385
[email protected]

SOURCE Thompson Thrift