Thompson Thrift Sells Notch Sixty Six Luxury Multifamily Community in Longmont to The Wolff Company
Thompson Thrift has sold Notch66, a 336-unit luxury multifamily community in Longmont, Colorado, to The Wolff Company through its core-plus acquisition vehicle for an undisclosed price. The asset, situated on approximately 18.4 acres at 2514 Main Street and Ute Highway, was 93 percent leased at the time of sale.
Notch66 was developed with equity from Watermark 2021 Development Fund III, LP. Construction began in February 2022 and was completed in June 2024. The community 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. On-site amenities include a clubhouse with resident gathering spaces, a heated resort-style pool, a fully equipped fitness center, community-wide Wi-Fi and a dog park.
“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.”
CBRE brokered the transaction, 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.”
The sale continues Thompson Thrift’s active presence in Colorado, where the firm has developed 22 communities statewide, including three in Longmont. Over the past 40 years Thompson Thrift reports more than $7.1 billion invested into local communities across development, construction, leasing and management.
For operators, investors and service providers in multifamily, Notch66 illustrates the market demand for amenity-rich, well-located product and the role of disciplined development and leasing in achieving rapid absorption. Multifamily Leadership will continue to monitor transactions that reflect how innovation, design and market selection shape asset performance and community outcomes.