Thompson Thrift Sells Watermark at Jordan Creek in West Des Moines

DES MOINES, Iowa, Feb. 6, 2023 /PRNewswire/ -- Thompson Thrift, a full-service nationally recognized real estate company and one of the nation's leading multifamily developers, announced today the sale of Watermark at Jordan Creek, a 176-unit Class A multifamily community in West Des Moines for an undisclosed amount.

"We successfully executed our business plan to optimize operations for this high-quality property, and we are pleased to have sold a well-occupied community with healthy in-place rents," said Josh Purvis, managing partner for Thompson Thrift Residential.

Located at 6455 Galleria Drive, the 94% occupied community offers four-story buildings with detached garages. Completed in 2015, the one-, two-, and three-bedroom luxury apartment homes feature designer interiors, granite countertops, hardwood-style flooring, energy-efficient appliances, full-size washers and dryers and high-speed internet access. Residents are treated to resort-style features including a resident social lounge, community grilling areas, heated resort-style pool and spa, clubhouse, 24-hour fitness center and dog park.

Watermark at Jordan Creek is centrally located in the county's wealthiest metro, providing residents with easy access to Interstate 35 and a wide variety of dining, shopping, and entertainment options.

Thompson Thrift has made a name for itself by being one of the few developers to build Class A residential communities in markets across the country with a range of conventional, luxury leased villa and townhome-style communities. Throughout its history, the company has invested more than $4 billion and has become known as a trusted partner committed to developing high-quality, attractive communities.

About Thompson Thrift Real Estate Company
Thompson Thrift is an integrated full-service real estate company with offices in Indianapolis and Terre Haute, Indiana; Denver, 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