Thompson Thrift to Begin Construction of 319-Unit Luxury Multifamily Community Near Atlanta

ATLANTA--(BUSINESS WIRE)--Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, today announced the development of Avira at Silver Comet Trail, a 319-unit multifamily community in the Atlanta suburb of Powder Springs. Construction is underway with resident move-ins expected to begin in October 2027.

"Avira at Silver Comet Trail exemplifies the thoughtful, lifestyle-focused development that continues to drive our growth across the Southeast," said Josh Purvis, managing partner at Thompson Thrift Residential.

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"Avira at Silver Comet Trail exemplifies the thoughtful, lifestyle-focused development that continues to drive our growth across the Southeast," said Josh Purvis, managing partner at Thompson Thrift Residential. “With direct access to one of Georgia's premier recreational trails and convenient connections to employment, shopping and entertainment, this community will offer residents an exceptional place to call home."

Located at the southeast corner of Highway 278 and Isley Stamper Road, the community will offer convenient access to downtown Powder Springs, major retail destinations, healthcare providers and employment centers throughout the Atlanta metropolitan area. The site is adjacent to the Silver Comet Trail, a 61.5-mile multiuse trail that spans Cobb, Paulding and Polk counties and provides opportunities for walking, running and cycling.

"Powder Springs continues to demonstrate the strong fundamentals we seek when selecting new development opportunities," said Jesse Houghtalen, senior vice president of development at Thompson Thrift. "Steady population growth, expanding employment opportunities and convenient regional connectivity make this an outstanding market to deliver a community that will serve residents for years to come."

Avira at Silver Comet Trail will feature a mix of one-, two- and three-bedroom apartment homes in three- and four-story buildings with premium interior finishes designed to provide a modern living experience. Residences will include quartz countertops, stainless-steel appliances, tile backsplashes, hardwood-style flooring, full-size washers and dryers, large walk-in closets, smart-home technology and private patio, balcony and yard options.

The community’s amenity package is designed to encourage both active lifestyles and social connection. Residents will enjoy direct walk and bike access to the Silver Comet Trail, along with a resort-style swimming pool, fitness center, thoughtfully designed courtyards, pickleball court, dog park and pet spa. Additional outdoor features will include a basketball court and a nature-inspired children's play area featuring organic play elements. Residents will also have access to community gathering spaces, grilling areas, coworking focus suites, billiards, shuffleboard, and other lifestyle-focused amenities.

The Powder Springs location offers proximity to major employment hubs throughout northwest Atlanta, including the Westside Logistics & E-Commerce Industrial Corridor, which supports more than 28,000 jobs, as well as Wellstar Paulding Medical Center and Wellstar Cobb Medical Center. Residents will also enjoy convenient access to shopping, dining and entertainment destinations throughout Cobb County.

The development will be capitalized with equity from the Thompson Thrift 2026 Multifamily Development, LP.

Over the past 40 years, Thompson Thrift has invested billions of dollars into local communities nationwide and has become known as a trusted partner engaged in all aspects of development, construction, leasing and management of high-quality real estate projects across the country.

About Thompson Thrift Real Estate Company

Since its founding in 1986, Thompson Thrift has grown from a locally focused development and construction company into a full-service, integrated enterprise with a national scope. From its offices in Indianapolis and Terre Haute, Indiana; Denver; Houston; and Phoenix the company is engaged in all aspects of development, construction, leasing and management of quality multifamily and commercial projects. The company earned national recognition as a winner of a 2026 Top Workplaces USA award, the latest accolade that reflects the company's ongoing commitment to excellence in the community and workplace. For more information, please visit www.thompsonthrift.com.

Securities Offered Through North Capital Private Securities, Member FINRA/SIPC

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