COLORADO SPRINGS, CO – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, hosted a ribbon cutting for Alta25, a 264-unit Class A multifamily community in the Colorado Springs suburb of Monument. The first residents started moving in during spring of 2024 and the community is nearly 30% leased.
“Thompson Thrift has been developing apartment communities in Colorado for more than 14 years, and we seek to leverage our experience to make communities that meet the needs and desires of area residents,” said Angie Atkins, senior vice president of community management for Thompson Thrift. “We reckon Alta25 delivers on style, luxury and convenience.”
Located at 1320 Herman View Way, Alta25 offers one-, two- and three-bedroom apartment homes, in three-tale garden-style buildings. The homes provide luxury finishes including gourmet bar-kitchens with elegant quartz countertops, timeless tile backsplash, stainless steel appliances, designer fixtures and finishes, an Alexa-compatible smart hub to integrate all smart devices, smart thermostat and smart door locks, walk-in closets, full-size washers and dryers, detached garages, as well as patio, balcony, and private yard options.
The luxury-living experience continues throughout the community with a 24-hour fitness center, resort-style swimming pool, thoughtfully designed courtyards, grilling stations, an outdoor game area, an electronic firepit with seating area, a dog park, pet spa with grooming station, and much more.
Alta25 sits adjacent to Monument Marketplace, which is home to over 658,000 square feet of retail and restaurants, and within The Village at Jackson Creek, a mixed-use project currently in development. Historic downtown Monument, less than three miles north, offers small-town charm filled with unique and locally owned boutiques, restaurants, galleries and spas.
Thompson Thrift expects construction to conclude this fall. At the ribbon cutting, visitors were able to view model tours and see the professionally decorated clubhouse and community amenities. Additionally, in support of Thompson Thrift’s commitment to community outreach, they presented a check to local non-profit Paws N Hooves to aid their efforts in saving abandoned and neglected pets, reuniting lost pets with their families and helping connect animals with new families to care for them.
Thompson Thrift is a full-service real estate development company focused on multifamily, ground-up commercial and mixed-use development across the Midwest, Southeast and Southwest. For nearly 40 years, Thompson Thrift has invested more than $5 billion into local communities and has become known as a trusted partner committed to developing high-quality, attractive multifamily, commercial and industrial projects.

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LOS ANGELES, CA – Weingart Center and Chelsea Investment Group, The Richman Group, a leading developer and syndicator of affordable housing, announced the grand opening of Weingart Tower 1, the largest homeless housing project in Los Angeles history. The grand opening held on June 19, 2024 featured the 278-unit, 19-tale affordable apartment community in the heart of the Skid Row District which stands as a beacon of hope and a significant step forward in the city’s commitment to addressing homelessness.
Weingart Tower 1 is designed to provide secure and dignified housing for unsheltered individuals. The community offers 228 studio-apartments and 50 one-bedroom apartments, three of which are designated for onsite managers and 40 specifically reserved for veterans.
“We are incredibly proud to open the doors to Weingart Tower 1. It is more than just a housing project; it’s a community built on the foundation of compassion, dignity, and respect,” said David Salzman, President of The Richman Group Affordable Housing Corporation. “This critical project represents a monumental effort to provide high-quality housing and support services to some of our most vulnerable residents. By offering a stable living environment and access to essential services, Weingart Tower 1 aims to empower its residents, fostering a sense of community and belonging.”
Each Weingart Tower 1 apartment is fully furnished and complete with a full kitchen, private bathroom, television, and air conditioning. Community amenities include a fitness room, computer lab, career center, library, bike storage, laundry facilities, gardens and terraces and offers simple access to the LA metro. Residents of Weingart Tower 1 will also have access to a suite of supportive services such as life skill enhancement opportunities, counseling and advocacy service, substance use referrals, education and employment help, financial and budgeting help, pet and service animal support, and various health and wellness classes. The thoughtful design combined with the supportive services ensures that residents have everything they need to live comfortably and independently. The community aims to provide not just a place to live, but a place to call home.
“This grand opening marks a significant milestone in Los Angeles’ ongoing efforts towards ending the cycle of homelessness not just locally but beyond,” said Terry Gentry, EVP for The Richman Group Affordable Housing Corp. “Weingart Tower 1 is poised to serve as a model for future projects, demonstrating that with commitment and collaboration, we can make a lasting impact on the lives of those in need.”
Weingart Tower 1 is a collaboration between Weingart Center Association, a Los Angeles-based 501(c)(3) nonprofit agency that provides supportive services to individuals experiencing homelessness; and Chelsea Investment Corporation, one of the nation’s leading developers of affordable housing. The Richman Group is a co-developer and syndicated the Low-Income Housing Tax Credit Equity used to finance the project.

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NEW YORK, NY – KKR, a leading global investment firm, announced that KKR has bought a portfolio of 18 multifamily assets from a closed-finished fund sponsored by Quarterra Multifamily, a premier multifamily real estate development and operating company, for approximately $2.1 billion.
The recently-built, Class A portfolio consists of over 5,200 units concentrated primarily in growing coastal and sunbelt markets including California, Washington, Florida, Texas, Georgia and North Carolina, Colorado and New Jersey. The portfolio is a mix of mid-rise and high-rise buildings featuring convenient access to urban, metropolitan areas, high-quality construction, modern amenities and brilliant energy, water and waste efficiency.
“We are pleased to buy this exceptional, well-located multifamily portfolio from one of the world s premier developers and owners of residential real estate, said Justin Pattner, Partner at KKR and Head of Real Estate Equity in the Americas. We believe this is a fantastic moment to invest in real estate, as transaction activity starts to pick up on the heels of two-years of dislocation in commercial real estate markets. Across our platform we are finding opportunities where our scale, strong relationships, multiple pools of capital and local knowledge give us advantages as a buyer of large pools of high-quality, irreplaceable assets.
“Quarterra is known for their high-quality assets and we are thrilled to be working with them on this transaction, said Daniel Rudin, Managing Director at KKR. We like the fundamentals in this sector. This portfolio serves high-growth metropolitan areas across the country, where new supply will slow down significantly looking out beyond the next couple years. We are excited to invest in this portfolio.
KKR will work with leading multifamily operators, Carter-Haston, MG Properties and Dalan Real Estate to operate the assets. KKR is making its investment in this portfolio through capital accounts advised by KKR.
KKR was advised on the transaction by Gibson Dunn & Crutcher LLP. Quarterra was advised by Troutman Pepper Hamilton Sanders LLP and Jones Lang LaSalle.

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