Thompson Thrift Sells Notch Sixty Six Luxury Multifamily Community in Longmont to The Wolff Company

Thompson Thrift has completed the sale of Notch66, a 336-unit luxury multifamily community in Longmont, Colorado, to The Wolff Company. The Scottsdale, Arizona based firm acquired the property through its core-plus acquisition vehicle for an undisclosed price.

Notch66 was developed with equity from Watermark 2021 Development Fund III, LP. Construction began in February 2022 and was completed in June 2024. At the time of sale, the community was 93 percent leased.

"The successful sale of Notch66 reflects our commitment to delivering thoughtfully designed, high-quality communities in vibrant growth markets like Longmont," said Josh Purvis, managing partner for Thompson Thrift Residential. "With its proximity to Boulder and Denver, a strong employment base, and exceptional quality of life, Longmont continues to attract top-tier residents. We're proud of the lasting value Notch66 brings to the community and confident it will remain a desirable place to live for years to come."

Located on approximately 18.4 acres at 2514 Main Street and Ute Highway, Notch66 offers one, two and three bedroom homes with finishes that include quartz countertops, stainless steel appliances, hardwood-style flooring, full-size washers and dryers, walk-in closets, and private yards and detached garages in select units. Community amenities include a clubhouse with resident gathering spaces, a heated resort-style swimming pool, a fully equipped fitness center, community-wide Wi-Fi and a dog park.

The transaction was brokered by CBRE, with Shane Ozment, Terrance Hunt, Chris Hart and Brad Schlafer representing Thompson Thrift. "We had an incredible number of offers for Notch66," said Shane Ozment, vice chairman for CBRE. "Its position as one of the fastest lease-up communities in Longmont, driven by its premium location and upscale finishes, clearly resonated in the marketplace."

This sale adds to Thompson Thrift's ongoing presence in Colorado, where the firm has developed 22 communities statewide, including three in Longmont. Over the past 40 years Thompson Thrift has invested more than $7.1 billion into local communities and participates across development, construction, leasing and management.

For multifamily developers, operators and investors, the Notch66 transaction provides a clear example of a full-cycle development that reached a high lease-up rate prior to disposition. The combination of site scale, contemporary unit amenities and community features contributed to market interest and facilitated a successful trade between a national developer and an institutional buyer.

Multifamily Leadership will continue to track similar market activity and the development-to-stabilization outcomes that shape investment and operational strategies across primary and secondary markets.