COLORADO SPRINGS, CO – Thompson Thrift, a full-service, nationally recognized real estate company and one of the nation s leading multifamily developers, recently hosted a ribbon cutting celebration for Switch, a 276-unit Class A multifamily community within Colorado Springs Polaris Pointe development.
Switch reflects Thompson Thrift s commitment to making high-quality communities in locations where residents want to live, work and spend time, said Angie Atkins, senior vice president of community management for Thompson Thrift. With thoughtfully designed apartment homes, resort-style amenities and convenient access to employment, dining and entertainment, Switch offers residents a comfortable and connected lifestyle in Colorado Springs.
Located on approximately 11 acres at the intersection of two major thoroughfares, Voyager Parkway and North Gate Blvd., Switch offers brilliant visibility and connectivity to I-25, allowing residents to reach top area employers within a few minutes, including the U.S. Air Force Academy, UCHealth Memorial Hospital North and Progressive Insurance. Residents can also reach greater Colorado Springs in 20 minutes and downtown Denver in only 40 minutes.
Switch provides 276 apartment homes in one-, two- and three-bedroom configurations. Apartment homes average 1,000 square feet and feature a host of premium amenities including stainless-steel appliances, glass-top ranges, hardwood-style flooring, walk-in showers, multiple smart home capabilities and full-sized washers and dryers. Additionally, select units offer premium appliances, cabinetry with soft-close doors, a deluxe closet system with shelving and garage options.
Community amenities include a fully equipped 24-hour fitness center, resort-style heated swimming pool, electric firepits, a billiards and shuffleboard area, bike storage and workshop, a dog park and pet spa, and a coffee bar. Residents can utilize the residence conference room with video conference technology, the outdoor entertainment kitchen, and community-wide Wi-Fi.
During the ribbon-cutting celebration, guests toured the clubhouse, model home and community amenities. As part of Thompson Thrift’s ongoing commitment to supporting the communities where it develops, the company also presented a charitable donation to Dream Centers Mary s Home, a long-term transitional housing program in Colorado Springs offering care and supportive housing for single mothers and their children exiting homelessness.
Positively impacting the communities where we live and work is an vital part of Thompson Thrift s mission, said Tamera Greene, vice president of community management for Thompson Thrift. We are pleased to support Dream Centers Mary s Home and its efforts to provide mothers and children with housing and resources as they work toward a brighter future.
Switch is strategically located within Colorado Springs Polaris Pointe development, a 60-business, 200-acre retail complex that features the brand-new Ford Amphitheater, an 8,000-seat entertainment venue that includes a 45,000-square-foot, year-round restaurant and event center. Additional dining, entertainment and shopping options at Polaris Pointe include Sprouts, Bass Pro Shops, Chick-fil-A, Topgolf, indoor skydiving at iFly, trampoline and adventure park AirCity 360 and Overdrive Raceway.

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WEST LAFAYETTE, IN – GMH Communities, a vertically integrated real estate company specializing in the acquisition, development and management of exceptional living communities throughout the United States, and Invesco Real Estate, the $86 billion global real estate investment platform of Invesco Ltd., announced the acquisition of Grant Street Station and South Street Station in West Lafayette, Indiana. Randall Calvert of TSB Realty served as exclusive sales broker for the transaction. The two-property portfolio includes 176 units and 364 beds serving Purdue University.
“Grant Street Station and South Street Station are exactly the type of communities we look for as we continue to grow our student housing portfolio,” said Gary Holloway Jr., Chief Executive Officer and President of GMH Communities. “Their exceptional location, quality and strong competitive positioning make this an exciting opportunity for GMH and our partners.”
“What stood out to us was the relative value of these assets,” said Scott Hirshman, Vice President of Acquisitions for GMH Communities. “Rents remain meaningfully below newer pedestrian properties, offering residents an attractive value proposition without sacrificing location, as the property provides comparable access to campus and surrounding amenities. This combination of location and affordability supports durable occupancy and provides continued runway for rental growth.”
The acquisition builds on GMH’s extensive experience investing in and operating student housing nationwide as the company continues to pursue opportunities in markets with strong demand fundamentals.
“We’re pleased to partner with GMH Communities on this transaction and invest in a market with compelling long-term fundamentals,” said Jay Hurley, Managing Director, Acquisitions, Invesco Real Estate. “Student housing remains a high-conviction sector for Invesco Real Estate, and this investment aligns with our focus of targeting well-located assets supported by strong fundamentals, durable demand drivers and opportunities to make value through disciplined ownership.”
Built in 2014, Grant Street Station and South Street Station are located just steps from campus, with Grant Street Station approximately 0.1 miles away and South Street Station approximately 0.2 miles away.

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MADISON, WI – Clarion Partners, a leading real estate investment manager and partially owned subsidiary of Franklin Templeton, Vermilion Development, a full-service real estate investment and development company, and Quartz Lake Capital, a private equity real estate investor and manager, recently hosted an official ribbon-cutting event with the residents, elected officials, distinguished guests, and project team at the newly opened multifamily community The Duncan, located within a federally-designated Qualified Opportunity Zone at 1625 Lock Lane in Madison, Wisconsin.
Located on approximately 8.2 acres along Madison s Isthmus, the 309-unit property offers residents a distinctive lakeside living experience with proximity to downtown Madison. Designed to reflect the lifestyle and unique character of the city, The Duncan offers two fitness centers, bicycle storage, a pet spa and dog run, purpose-built coworking and breakout spaces, a community garden, heated parking and two rooftop terraces featuring grills, firepits and views of Lake Mendota. Residents also have immediate access to Tenney Park, a 37-acre waterfront park offering recreational amenities including tennis, pickleball and basketball courts, a boat launch, playgrounds and an ice-skating rink.
For Marwa Shaaban, a new resident of The Duncan, the waterfront setting and sense of community have already made the property feel like home. The location has been incredible. Tenney Park is within walking distance, and Lake Mendota is right in our backyard, said Shaaban. When my sister visited this summer, we walked out to watch the sunset and she said, ‘I didn t know you had heaven in your backyard. That really captures what it feels like living here. The staff have also been fantastic — they are communicative, accessible and have really helped make a sense of community.
Madison Mayor Satya Rhodes-Conway also marked the milestone by proclaiming August 13, 2026, The Duncan Day in the City of Madison, recognizing the new waterfront community and the partners who helped bring it to life.
The Duncan adds 309 new homes to Madison at a time when the city continues to experience significant demand for housing. Madison projects the addition of more than 9,300 households — approximately 18,400 people — by 2030 and has established a goal of making 15,000 new homes by then.
We believe residents will delight in the many amenities that The Duncan provides, from its thoughtful design and social spaces to its sweeping views of Lake Mendota and Tenney Park, said Clarion Partners Senior Vice President Ian McKay. We re proud to partner with Vermilion and Quartz Lake to bring this gorgeous new property to life.
Two years ago, this was a vision on paper and a construction site. Today, it is 309 homes, said Dave Cocagne, President and CEO of Vermilion Development. But housing is about much more than a unit count. Our mission at Vermilion is to make spaces that enrich people s lives, and The Duncan was designed specifically for Madison — connected to the lake, Tenney Park, trails, bikes and downtown. The most rewarding part starts now, as residents make these spaces their homes and build their lives here.
The Duncan is a standout addition to Madison s growing residential market, combining modern amenities with an unparalleled lakeside setting, remarked Alison Gorham, Vice President & Director of Wisconsin Operations at McShane Construction. As our first project with Vermilion, we are proud to celebrate the strong partnership that brought this project from concept to completion.
The site also has a unique connection to Madison history. On May 14, 1950, President Harry Truman visited the property to dedicate Filene House, then headquarters of the Credit Union National Association. During his remarks, Truman spoke about cooperation to help address the nation s housing needs. More than seven decades later, The Duncan similarly reflects the work of numerous public- and private-sector partners.
The development brought together Vermilion Development, Clarion Partners and Quartz Lake Capital as equity partners, CIBC as lender, Potter Lawson as architect, and McShane Construction Company as general contractor. JLL sourced the project s equity and debt, and Greystar as property manager.
The Duncan includes studio, one-, two- and three-bedroom residences, including townhome options. Many residences feature views of the Wisconsin State Capitol, Tenney Park, or Lake Mendota. Sustainability and energy efficiency are also incorporated into the project s design. The community includes ENERGY STAR appliances, occupancy sensors in applicable common areas, efficient natural-gas water heating and WaterSense plumbing fixtures.
The Duncan is the result of an extraordinary amount of collaboration and persistence, Cocagne added. From the City of Madison to our investment, lending, design and construction partners, many people shared the vision for what this property could become. We are grateful to everyone who helped take The Duncan from an thought to a drawing to a construction site — and now, most importantly, to a place people call home.

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