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Watermark Residential

Developing Class A apartment homes in U.S. growth markets

350+ Team Members*

19 States*

11,694 Units*

$2.3 Billion Volume*

*Thompson Thrift combined company numbers as of June 1, 2020.

About Watermark Residential

A thorough process for developing Class A institutional grade apartment communities

Watermark Residential is a national leader in the development, construction, and management of upscale apartment communities and luxury leased homes across the country.

Before development begins on any Watermark product, we go through a thorough research phase—evaluating MSA's throughout the country to ensure the markets we select for our apartment communities, and luxury leased homes meet our investment and site criteria. We focus on demographics, household formation, absorption history, rent growth, population growth, and more.

Next is site selection. All Watermark projects must meet our defined site criteria to ensure a successful project and investment return. Our sites are near high traffic thoroughfares, high-end housing and good schools, high-end retail, services, restaurants, and entertainment and markets with high administrative and geographic barriers to entry that limit the amount of new competition.

Our Markets

Location is key.

We are developing projects across the country. From apartment communities to luxury leased homes, we have a wide mix of project types and opportunities.

Our Team

World class team members from the ground up

At Thompson Thrift, we strive to achieve our core values of excellence, service, and leadership every day. Our teams work with our partners and residents to ensure they are receiving the service they expect and deserve.

Josh Purvis

Josh Purvis

Managing Partner, Watermark Residential


Aimee O Connor

Aimee O'Connor

Senior Vice President, Property Management Multifamily


Brian Southworth

Brian Southworth

Senior Vice President of Acquisitions


Steve Shaver

Steve Shaver

Senior Vice President of Construction


Jessica Tuttle

Jessica Tuttle

Vice President of Development - West Region


Chris Alexander

Chris Alexander

Vice President of Development - Midwest


Jesse Houghtalen lft

Jesse Houghtalen

Vice President of Development - Southeast Region


Our Services

Maintenance free lifestyle inside and out

In addition to having outstanding locations in upscale areas, resort-style amenities, and the highest quality unit finishes, Thompson Thrift’s on-site management team is what sets us apart from other for lease homes. Our experienced management teams are committed to the highest level of service for our residents.

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The growth that we’ve seen over the past decade at Thompson Thrift has been incredible and really speaks to our core principles and values, and makes everyone excited to show up to work every day knowing there aren’t really many projects out there that are too big or too difficult for us to do.

Josh Purvis, Managing Partner, Watermark Residential