KANSAS CITY, MO – 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 Depot, a 300-unit Class A multifamily community in the Kansas City suburb of Raymore. The first residents started moving in during winter of 2023 and the community is nearly 30% leased.
“Thompson Thrift takes fantastic care in all of the details—which is reflected in The Depot’s apartment features, community design and amenity offerings,” said Angie Atkins, senior vice president of community management for Thompson Thrift. “Now, our onsite team looks forward to delivering in both huge and small ways to make an environment for our residents that lives up to our promise of excellence.”
Located at 101 S Dean Ave, The Depot offers nine three-tale buildings with one-, two- and three-bedroom apartment homes. Apartment homes feature premium interior finishes including gourmet bar-kitchens with quartz countertops, stainless steel appliances, tiled showers with glass doors, 9-foot ceilings, wood-inspired flooring, walk-in closets with custom wood shelving and full-sized washers and dryers.
The luxury-living experience continues throughout the community with a 24-hour fitness center, resort-style swimming pool and a dog park. Residents will also delight in socializing and relaxing in The Depot’s speakeasy-inspired clubhouse.
The Depot sits adjacent to the Raymore Galleria, a 400,000-square-foot shopping center with many walkable shopping options. The community enjoys nearby access to Interstate 49, which provides residents with simple commutes to neighboring communities and major employers such as Cerner Corporation, Honeywell and Saint Luke’s East Hospital.
Thompson Thrift expects construction to conclude this summer. 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 Ronald McDonald House of Kansas City to aid their efforts in providing housing and hospitality for 91 families who are experiencing the journey of caring for a sick child.
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 billioninto 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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PHOENIX, AZ – National multifamily developer Wood Partners announced the start of construction on Alta Dove Valley in Phoenix and Alta 87 in Gilbert, Arizona. These new communities bolster Wood Partners’ presence in Arizona, bringing its total to 24 starts in the state since the Fantastic Financial Crisis.
“Phoenix has, and continues to, experience significant in-migration due to its favorable climate and thriving and increasingly dynamic economy,” said Todd Taylor, Managing Director for Wood Partners. “There is a significant housing shortage in the MSA and we will need many thousands of units over the coming years to solve it. Notwithstanding current market chop and challenges, we remain bullish on the mid-term and long-term wider Phoenix market and look forward to delivering these exceptional apartment communities into the coveted Gilbert and North Phoenix submarkets.”
Alta Dove Valley is located at 2725 West Dove Valley Road. The community is across the interstate from the Taiwan Semiconductor Manufacturing Company’s new $65 billion semiconductor fabrication facility in North Phoenix, which is expected to make approximately 6,000 jobs. The 380-unit multifamily building will include a mix of one-, two- and three-bedroom floorplans. Amenities will include a pool and spa, a state-of-the-art fitness center, coworking spaces, a two-tale clubhouse and a sky deck. Alta Dove Valley broke ground in May 2024 and is expected to be completed in 2026.
Alta 87 is a 257-unit luxury multifamily development in Gilbert, Arizona, conveniently located on Arizona Avenue, minutes from both the 60 and 101. Amenities will include a pool and spa, a state-of-the-art fitness center, two pickleball courts, co-working spaces and a two-tale clubhouse. Alta 87 is Wood Partners’ third community in Gilbert. The development broke ground in March 2024 and is expected to be completed in the first quarter of 2026.
Wood Partners is a national leader in the development, construction, and management of multifamily communities across the United States. The company has been involved in the acquisition and development of more than 100,000 multifamily homes with a combined capitalization of $21 billion. The company currently owns 80+ properties across the United States representing more than 25,000 units.

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JACKSONVILLE, FL – Affiliates of Harbor Group International (HGI), a privately owned international real estate investment and management firm, announced the acquisition of Ascend at Durbin Creek, a newly-built 350-unit multifamily property located in the South Jacksonville suburb of St. Johns, Florida. The property is in lease-up and 86.5% occupied as of May 2024 and has averaged 20 new leases per month over the past year, demonstrating strong lease-up performance and demand for high-quality apartment housing in the Jacksonville market.
“As a new development with convenient access to employment and lifestyle destinations, we are confident in the ability to complete a successful lease-up,” said Yisroel Berg, Chief Investment Officer – Multifamily at HGI. “Given the rapidly growing population in the South Jacksonville area, we anticipate Ascend at Durbin Creek to maintain a strong renter base and achieve steady rent growth as the area continues to attract new residents.”
Ascend at Durbin Creek is proximate to major employment centers of Jacksonville, including Flagler Center and Southside, which together provide upward of 126,000 jobs. Notable employers in the area include: Baptist Health South, Citi, Deutsche Bank, JPMorgan and Bank of America/Merrill Lynch. Residents are also a small drive to Pavilion at Durbin Creek, an open-air retail strip center with over 700,000 square feet of retail with Phase II to be delivered over the next several years.
Developed in 2023, the property features stainless steel appliances, quartz countertops, modern tile backsplash, hardwood-style flooring, large walk-in closets and screen-in patios/ private yards. The property also offers a premier amenity package, including a 24-hour state-of-the-art fitness center, saltwater pool, poolside pavilion, dog park, EV charging stations, cybercafé, business lounge, game lounge and detached garages. HGI plans to increase the number of electric vehicle charging stations, add bike racks and turf to the pool deck.

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