BOISE, ID – Thompson Thrift, a full-service nationally recognized real estate company, announced the development of The Highline, a 300-unit luxury multifamily community in Nampa. The community is expected to welcome its first residents in early 2028.
The Highline reflects our continued commitment to thoughtful growth in markets with strong long-term fundamentals, said Josh Purvis, managing partner of Thompson Thrift Residential. As we expand our presence in the Boise area, we remain focused on making high-quality communities that serve residents and positively impact the surrounding neighborhood.
The Highline will be located within East Ranch, a master-plotted mixed-use community that will feature a blend of high-value single-family homes and flex industrial space with integrated retail, making a walkable and amenity-rich environment for future residents. Positioned less than one mile from I-84, The Highline also offers direct access to the Treasure Valley s primary east-west thoroughfare and convenient connectivity throughout the Boise MSA, one of the fastest-growing regions in the Pacific Northwest.
Nampa continues to distinguish itself as one of the most compelling markets in the Boise metro, supported by sustained population growth, expanding employment opportunities and strong regional connectivity, said Bo Chapman, senior vice president of development for Thompson Thrift Residential. The Highline s location within East Ranch positions the community to benefit from these strong fundamentals and meet the continued demand we re seeing across the Treasure Valley.
The community will offer a mix of one-, two- and three-bedroom apartment homes with private entrances averaging 1,100 square feet. Residences will feature quartz countertops, stainless-steel appliances, designer fixtures and finishes, hardwood-style flooring, full-size washers and dryers, walk-in closets and smart-home technology. Detached garages and patio, balcony, and private yard options will also be available.
The Highline s resort-style amenity package will include a 24-hour fitness center, heated swimming pool and lap pool, thoughtfully designed courtyards, fire pits and grilling areas, outdoor games and a pickleball court. Residents will also have access to a 24-hour social hub with billiards and shuffleboard, focus rooms, conference space, bike storage, two dog parks and a pet spa.
The community s location provides convenient access to several of the region s major employers, including J.R. Simplot, St. Luke s Nampa & Saltzer, Plexus, St. Alphonsus and the College of Western Idaho. The broader Boise metropolitan area is anchored by major employers including HP, Boise State University, Albertsons and Micron, whose $50 billion expansion is expected to add approximately 2,000 direct jobs and 15,000 indirect jobs in Boise.
The Highline name is inspired by elevated rail lines and Idaho s expansive horizon, evoking connection and perspective while complementing the community s distinctive gabled rooflines and strong architectural profile.
The Highline represents Thompson Thrift s second multifamily development in Nampa and builds on the company s growing presence in Idaho. Earlier this year, the company completed construction of The Logan, a 264-unit Class A multifamily community and Thompson Thrift s first development in the state. Located approximately one mile from The Highline, The Logan welcomed its first residents in November 2025 and completed construction in June 2026.
The Highline will be capitalized with equity from the Thompson Thrift 2026 Multifamily Development, LP.
Since its founding, Thompson Thrift has invested more than $7.3 billion into local communities and has become known as a trusted partner engaged in all aspects of development, construction, leasing and management of high-quality real estate projects nationwide.

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FRISCO, CO – The NHP Foundation (NHPF), the Town of Frisco and state and regional partners celebrated two major housing milestones that together will bring 106 new affordable and workforce homes to Frisco: the groundbreaking of The Bella, a 52-unit affordable housing community, and the opening of The Scout, a 54-unit workforce housing community.
The two developments, located just blocks apart, represent complementary approaches to one of the most pressing challenges facing Colorado’s mountain communities: making housing that allows people across a range of incomes to live closer to where they work.
On Tuesday, September 22, NHPF, the Town and state housing partners broke ground on The Bella, NHPF’s first Low-Income Housing Tax Credit (LIHTC) development in Colorado. Three days later, partners gathered to cut the ribbon on The Scout, NHPF’s first Colorado development and a pioneering middle-income housing project.
“These developments are fantastic examples of NHPF’s strategy and mission at work. When we partner with cities for the long-term, we are able to provide quality housing to a variety of residents,” said Eric Price, President and CEO of NHPF. “The Bella and The Scout together expand affordable and workforce housing so families can live where they work, strengthening Frisco’s livability and vitality.”
The Bella: 52 New Affordable Homes Located at 101 W. Main Street, The Bella will provide 52 energy-efficient studio, one-bedroom and two-bedroom apartments for households earning 30%, 50% and 80% of Area Median Income (AMI), with average affordability of 60% AMI across the development. The Bella is designed to help working families, local employees and other residents remain in a community where rising housing costs have made it increasingly hard for many households to find an affordable home.
“Frisco did far more than support these developments; the Town helped make them possible,” said Neal Drobenare, Senior Vice President of NHPF. “It approved a density bonus that tripled the site’s development capacity and allowed for more parking, passed an Affordable Housing Development Incentive Program that removed hurdles and accelerated the work, and secured additional state funding for The Bella. Just as vital, we structured the partnership so the Town will own the land in perpetuity, ensuring these homes remain permanently affordable.”
The development is supported by 9% Federal Low-Income Housing Tax Credits and Colorado State Low-Income Housing Tax Credits, with the Colorado Housing and Finance Authority (CHFA) playing a key role in allocating those resources. The financing package also includes construction financing from U.S. Bank, permanent financing from Cedar Rapids Bank & Trust, and grants from the Colorado Division of Housing.
The Town of Frisco’s support includes approximately $4.9 million in soft financing, a property tax abatement, help securing a State of Colorado Proposition 123 Land Banking grant and two state infrastructure grants, as well as funding to buy a small commercial space within the development upon completion. Completion of The Bella is anticipated in November 2027.
The Scout: A New Model for Workforce Housing – On September 25, attention turned just a few blocks away to 602 Galena Street, where NHPF, the Town and their partners celebrated the opening of The Scout, a new 54-unit, all-electric workforce housing community.
The Scout provides long-term, income-restricted housing for the local workforce, with rents capped at 120% of AMI. The development is intended to help teachers, healthcare professionals, service workers and other employees live closer to the communities where they work.
“The Scout delivers 54 new apartments for the workers and families who keep Frisco running,” said Governor Polis. “This innovative partnership among NHPF, the Town of Frisco, MIHA, OEDIT, Summit County and DOLA shows what we can accomplish together: more housing Coloradans can afford in the communities they like, and stronger local economies as a result.”
The Town of Frisco invested $8.1 million in The Scout in addition to the land buy, while Summit County helped the Town buy the property. DOLA awarded the Town a combined $2.8 million through its More Housing Now and Strong Communities programs to fund critical infrastructure supporting the development.
Beyond making 54 new homes, The Scout breaks new ground in how middle-income housing can be financed.
The Colorado Middle-Income Housing Authority issued $18.6 million in 501(c)(3) bonds to help finance the development, marking MIHA’s first bond transaction. The Scout also represents a pioneering use of 501(c)(3) bonds for new-construction middle-income housing in Colorado and the first time NHPF used its S&P AA- credit rating to enhance tax-exempt bonds.
By guaranteeing repayment of the bonds, NHPF’s investment-grade rating helped lower borrowing costs, demonstrating an approach with potential application to middle-income and workforce housing in other high-cost communities.
106 Homes, Two Approaches: Together, The Bella and The Scout illustrate how different financing tools can be used to address housing needs across a broader spectrum of incomes.
The Scout uses an innovative middle-income financing structure to make workforce housing with rents capped at 120% of AMI, while The Bella uses federal and state LIHTCs and other public-private financing to reach households at substantially lower income levels.
Together, the communities will provide 106 new homes for individuals and families living and working in Frisco and Summit County, while demonstrating how local government, state agencies, nonprofit developers and private-sector financial partners can collaborate to address housing affordability in high-cost mountain communities.
“The Scout is a fantastic example of what can happen when local and state partners come together around a shared need. The Town of Frisco, Summit County Government, the Colorado Department of Local Affairs, the Middle-Income Housing Authority and the Colorado Department of Labor and Employment each played an vital role in helping make this project possible. Together with NHPF and our other partners, we are making more opportunities for people to live, work and place down roots in Frisco. That kind of collaboration will continue to be essential as we work to address housing needs in our community,” summarized Mayor Rick Ihnken.

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LELAND, NC – BAM Capital, the private equity arm of The BAM Companies, announced the acquisition of The Marling at Town Creek, a 334-unit multifamily community completed in 2024 in Leland, North Carolina, just outside Wilmington. The buy marks BAM Capital’s entry into the Southeast and is the latest addition to BAM Multifamily Growth Fund V.
“We’ve been evaluating opportunities in North Carolina for more than five years, with a particular interest in entering the Wilmington market,” said Ivan Barratt, Founder and CEO of The BAM Companies. “We believe the combination of an attractive acquisition basis, strong population growth, and favorable supply-and-demand fundamentals makes a compelling foundation for this investment.”
Bought at an estimated 17.4% discount to replacement cost, the transaction reflects BAM Capital’s disciplined strategy of acquiring high-quality multifamily assets at attractive bases in markets supported by population growth, employment expansion, and durable rental demand. The Marling at Town Creek features modern, spacious floor plans and resort-style amenities designed to serve the growing renter population in the Wilmington area. The property features a saltwater swimming pool with a ledge deck and lounge seating, along with a clubhouse featuring co-working space, work-from-home suites, and a café.
The market combines coastal living with housing affordability comparable to many Midwest regions. Meanwhile, multifamily demand in the Wilmington MSA continues to grow amid limited new supply. The market has experienced 32% population growth since 2010, with an additional 10% growth projected through 2030, based on third-party demographic data. The Marling at Town Creek is also within 25 minutes of approximately 129,000 jobs, including employment tied to major employers such as Amazon and Novant Health.
“The Marling at Town Creek is a strong fit for our strategy as we expand into new markets,” Barratt said. “We remain focused on disciplined acquisitions where our basis and operating strategy can make value for investors.”

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