BOULDER, CO – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced that it will develop Heritage on Hover, a 324-unit Class A multifamily community in the Boulder suburb of Longmont. Construction is expected to be completed in winter 2026.
“Longmont and the surrounding Boulder area have become a magnet for growth, attracting a thriving population and some of the nation’s fastest-growing private companies,” said Josh Purvis, managing partner for Thompson Thrift Residential. “With a strong economy, low unemployment, and a highly educated workforce, the demand for quality housing options continues to rise. Heritage on Hover will deliver a modern and luxurious rental experience, providing residents with the style, comfort, and convenience that Thompson Thrift communities are known for.”
Located near the intersection of Mountain Brook Dr. and S Hover St., Heritage on Hover will feature three-tale buildings with one-, two- and three-bedroom layouts averaging nearly 1,000 square feet. Thompson Thrift apartment homes include premium interior finishes, including quartz countertops, stainless steel appliances, side-by-side refrigerators, full-size washers and dryers, large walk-in closets and multiple smart home capabilities. Additionally, select homes will feature cabinetry with soft-close doors, a deluxe closet system with shelving, premium lighting, a dry bar and advanced smart home capabilities. Private patios, balconies, yards and detached garage options will also be available.
Resort-style living will continue throughout the community with signature amenities, including an outdoor entertainment kitchen and grilling areas, a fully equipped 24-hour fitness center, a resort-style heated swimming pool and spa, electric firepits with seating areas, a billiards and shuffleboard area, a dog park, bike storage and a Starbucks™ coffee bar. Residents working from home will delight in the convenience of focus suites and community-wide Wi-Fi. An on-site service team, valet trash service and a user-friendly mobile app will also be available.
Heritage on Hover will provide residents with walkable access to a Target-anchored retail center and presents a fantastic opportunity for workforce travel via nearby I-25 to employment hubs in Boulder, Fort Collins and Denver.
According to a recent Smart Asset ranking, Longmont was ranked the #1 “Boomtown in America.” Boulder County, where Longmont is located, is one of the most educated counties in the country and is home to several advanced technology companies that specialize in cutting-edge research and development. Companies like IBM, Google, Microsoft, Oracle, Intel, Seagate, Xilinx, Lockheed Martin, Ball Aerospace, Sierra Nevada, and others populate the regional landscape.
Equity for the development was provided by Thompson Thrift 2024 Multifamily Development Fund, LP.
Thompson Thrift has been active in Colorado for 11 years and has developed over 4,700 units in the state, which currently includes 11 communities between Fort Collins and Colorado Springs.
Thompson Thrift is a full-service real estate development company focused on ground-up commercial and mixed-use development across the Midwest, Southeast and Southwest. Since its founding nearly 40 years ago, Thompson Thrift has invested more than $6 billion into local communities and has become known as a trusted partner committed to developing high-quality, attractive multifamily and commercial communities.

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CLARKSVILLE, TN – Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced it has sponsored the buy of Reserve at Kirkwood, a 264-home garden-style apartment community in Clarksville, Tennessee. The acquisition closed on Dec. 18.
Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the property, which is situated approximately 45 miles northwest of Nashville along the Interstate 24 corridor.
“We are thrilled to announce the sponsored acquisition of our second property in the Clarksville metro area,” said David Nelson, President and Chief Investment Officer at Hamilton Zanze. “With significant investments from LG Chem, Amazon and Hankook Tire in the metro area, coupled with the area’s strong projected population growth, we are confident in the asset’s long-term success.”
Located at 3000 Dalton Smith Court, Reserve at Kirkwood was built in 2022 and offers one-, two- and three-bedroom apartment homes. Homes range in size from 805 to 1,305 square feet and include stainless steel appliances, quartz countertops, wood-style flooring, full-size washers and dryers, air conditioning, walk-in closets, ceiling fans and private patios or balconies.
Common-area amenities at the gated community include a resort-style swimming pool with sundeck, outdoor lounge, barbecue stations, resident clubhouse, business center, WiFi in social spaces, playground, onsite dog park, dog wash station and a state-of -the-art fitness center.
Situated approximately one mile east of I-24, Reserve at Kirkwood is within a 45-minute drive of Nashville’s lively entertainment scene and within nine miles of Austin Peay State University. Clarksville’s charming downtown area features a blend of historic buildings and a variety of dining, retail and entertainment outlets. The city offers a wide variety of nearby recreational outlets, including Dunbar Cave State Park, McGregor Park and Cumberland Riverwalk.
This transaction represents Hamilton Zanze’s seventh sponsored acquisition of 2024.

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SEATTLE, WA – A partnership between Security Properties and an affiliate of Rockwood Capital closed on the acquisition of NV Apartments, a 284-unit multifamily property built in 2016 and located in Portland, Oregon, the two firms announced.
The property is located within Portland’s highly desirable North Pearl District. Situated along one of the city’s most dynamic corridors on 13th Avenue, NV benefits from its location near a vast range of retail, dining, and recreational options all within walking distance. Among other notable amenities, the property is just three blocks from a Safeway grocery store and one block from Fields Park, with 3.2 acres of serene open space, a jogging path, and an off-leash dog park.
The residential floorplans are comprised of one and two-bedroom units across a standard, townhome, loft, and penthouse spec. The property was delivered prior to Portland’s Inclusionary Housing Program, resulting in all units being leased at market rates. The unit interiors feature modern wood grain laminate cabinets with under-mount lighting, stainless steel appliances, hard surface countertops with under-mount sinks, and vinyl plank flooring.
The community amenities include an outdoor dog run and wash station, private dining room area, bike storage and repair station, fitness center, yoga studio, resident lounge, and large third floor courtyard area. The property also features about 4,100 square feet of ground level retail space. While the asset currently offers a high-end amenity package and well-appointed living units, the partnership has identified several opportunities to further emphasize these strengths.
According to Alex Gauper, Senior Director at Security Properties, “The acquisition of NV represented a unique opportunity to buy a well-located, trophy high-rise at a compelling basis relative to replacement cost. As Portland’s urban core continues to build momentum, we believe NV is well positioned to fully capture the benefits of this trend and are excited to grow our existing portfolio in the area.”
Matthew Friedman, Managing Director at Rockwood Capital, added, “We are delighted to have bought NV Apartments at an attractive price in Portland’s dynamic mixed-use Pearl District. The acquisition reflects our belief in the importance of mixed-use nodes, and we are excited to participate in the Pearl District’s renaissance by partnering with Security Properties on this investment.”

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