Thompson Thrift Expands Into Idaho With Multifamily Development Near Boise
Thompson Thrift, a full-service national real estate company, announced that it will develop The Logan, a 264-unit Class A multifamily community in Nampa, approximately 20 minutes southwest of Boise, Idaho. The company expects to begin construction in October, with completion expected in winter 2026.
“Nampa is a rapidly growing area with significant unmet needs for new multifamily communities,” said Josh Purvis, managing partner for Thompson Thrift Residential. “We are very excited to be expanding into Idaho and believe The Logan will fill a significant need for residents seeking a high-quality apartment community with desirable amenities.”
With the development of The Logan, Thompson Thrift enters its 23rd state and continues to expand its footprint across the country. The company has eight new residential developments targeted for 2024, including new markets in Georgia and Utah. Thompson Thrift 2024 Multifamily Development, LP will provide equity for The Logan.
Located in the 2500 block of West Karcher Road, The Logan will encompass approximately 12 acres and feature 264 apartment homes in three-story buildings. A variety of one-, two-, and three-bedroom configurations will average nearly 1,000 square feet and offer several luxury amenities. Residents will enjoy homes with stainless steel appliances, hardwood-style flooring, a walk-in shower, and multiple smart home capabilities. Private patios, balconies, yards, and detached garage options will also be available.
Community amenities include an outdoor entertainment kitchen and grilling areas, a 24-hour fitness center, a pool, electric firepits with seating areas, a billiards and shuffleboard area, a dog park, bike storage and a coffee bar.
According to Thompson Thrift, The Logan will have excellent connectivity to Karcher Road and I-84, providing easy access to the Boise metro’s employment hubs and the retail and recreational activities abundant. Nearby employers include Plexus, St. Luke’s Nampa, and J.R. Simplot, an agricultural company focused on plant nutrition and food processing.
Nampa is Idaho’s third largest city and the country’s top boomtown, according to the latest Smart Asset ranking. Canyon County, which includes Nampa, has featured a population growth of 3.23% in recent years. Boise’s Ada County and Nampa’s Canyon County have very similar statistics in regard to growth, but Canyon County currently has less than 20% of the total multifamily inventory and only 20% of the region’s development activity.
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. The company continues to expand its 22-state footprint with eight new residential developments targeted for 2024, including new markets in Georgia and Utah. For nearly 40 years, 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, commercial, and industrial projects.
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