PENSACOLA, FL – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, hosted a ribbon cutting for The Quinn, a 324-unit Class A multifamily community in Pensacola. The first residents started moving in last fall, and the company expects to complete construction at the end of the summer.
“We’re honored to be part of the Pensacola community and excited to welcome residents to The Quinn,” said Angie Atkins, senior vice president of community management for Thompson Thrift. “We look forward to making a positive impact—both within the neighborhood and in the lives of our residents—through thoughtful design, meaningful connections and a commitment to exceptional living.”
Located near the intersection of W Nine Mile Road and Beulah Rd, The Quinn consists of nine, three-tale garden-style apartment buildings on 18 acres. The one-, two-, and three-bedroom apartment homes average approximately 1,000 square feet and residents will be able to select from a variety of layouts with signature amenities including a balcony or ground-floor patio, private enclosed yards as well as detached single-car garages. The apartment homes are finished with elegant quartz countertops, hardwood-style flooring, stainless steel appliances, high-speed, instant-on internet access, ceiling fans in all bedrooms and the living room, a full-size washer and dryer, smart thermostat and an Alexa-compatible smart hub.
Community amenities at The Quinn include a perfectly appointed clubhouse, a fully equipped fitness center with 24-hour access, a resort-style pool with community grilling areas, fire pits, cabanas, and turf area for outdoor exercise or yard games, pickleball courts, and a dog park with pet spa.
The community is less than one mile east of a Publix Super Market and approximately two miles west of the 9 Mile and Interstate 10 interchange, which provides residents with simple access to downtown Pensacola, and major employers such as Navy Federal Credit Union, Baptist Health Care Campus, Naval Air Station and Pensacola State College.
At the ribbon cutting, visitors were able to tour the model, explore the professionally decorated clubhouse and community amenities. As part of Thompson Thrift’s ongoing commitment to community engagement, they presented a check to local non-profit Keep Pensacola Gorgeous to aid their efforts in preserving the community of Pensacola. They do this by working strategically with community partners to combine education and preservation with hands-on stewardship at a local level.

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BRIGHTON, CO – The Milestone Group announced the acquisition of Solaire Apartments, a 252-unit, market-rate community in the Denver suburb of Brighton, Colorado. The buy price was not told.
“Solaire is in one of the fastest-growing submarkets in the region and is an brilliant strategic fit to our growing portfolio, bought at an estimated discount to replacement cost in excess of 25% and located in a submarket characterized by limited new supply,” said Milestone Vice President of Acquisitions Rich Ritter. “Milestone assumed the existing agency debt, allowing for a quick transaction without capital markets risk. We will now do a multi-phase value-add strategy designed to enhance the resident experience and drive both immediate and sustained improvements in property performance.”
Solaire Apartments is sustainably designed and features contemporary one-, two-, and three-bedroom apartments at 1287 S. 8thAvenue in Brighton. The suburban Denver location affords residents simple access to numerous shopping, restaurants, and other amenities while providing simple access to freeways for Denver commuting and an abundance of options for accessing parks and mountain recreation.
Community amenities include a resort-style pool with a lap lane and year-round hot tub and lounge, a Clubroom with a kitchen and business center, a 24-hour fitness center, a dog park, a playground, and inviting native grass areas. The modern residences include faux-wood plank flooring throughout, oversized closets*, private balconies or patios with Trex flooring, exterior storage*, fireplaces*, and washers and dryers in every unit.

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NEW ORLEANS, LA – The Menkiti Group, a DC-based, minority-owned real estate firm, announced its recent strategic partnership with VPG to buy Arbor Place Apartments, a 136-unit multifamily property located in Terrytown, LA. Located just outside of New Orleans, the property marks a significant investment aimed at preserving affordability and furthering both firms’ shared commitment to revitalizing historically underinvested communities.
“We believe that meaningful neighborhood change starts with strong local partners, and we’re honored to work alongside VPG on this impactful project,” said Bo Menkiti, Founder and CEO of The Menkiti Group. “Arbor Place represents the kind of thoughtful investment that aligns with our values—preserving affordability, supporting local leadership, and strengthening communities for the long term.”
Through this partnership, The Menkiti Group is providing joint venture equity financing for the project. The investment was made through The Menkiti Group’s Obsidian Catalyst Fund I, LP – a mission-driven real estate investment fund focused on supporting emerging sponsors and driving inclusive growth in urban communities.
VPG will be leading the project’s operations and long-term asset management strategy. With over 14 years of experience, VPG has built a strong presence in the New Orleans region, owning and managing over 850 apartment units. Arbor Place Apartments will continue to serve local residents with 50% of the 136 units designated as affordable housing at 60% of the Area Median Income.
“This investment represents a meaningful step in providing high quality, accessible and affordable housing options for working families across New Orleans,” said Michael Merideth, CEO of VPG. “We are proud to partner with The Menkiti Group and the Obsidian Catalyst Fund to further our mission of delivering high-quality workforce and affordable housing that supports long-term community stability.”

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