Thompson Thrift to Develop 273-Unit Multifamily Community Argent Flats in Reno, Nevada
Thompson Thrift, a full-service real estate development and management company, announced April 13 that it will develop Argent Flats, a 273-unit multifamily community in southwest Reno, Nevada. The project marks the firm's first development in Nevada and extends its national footprint to 24 states.
The company expects to welcome the first residents in September 2027. Equity for the development will be capitalized through the Thompson Thrift 2026 Multifamily Development, LP.
Project Details and Location
Argent Flats will be situated at the intersection of Plumas Street and South McCarran Boulevard in southwest Reno, offering access to Interstate 580, downtown Reno, Reno-Tahoe International Airport, and the Tahoe-Reno Industrial Center. The site is located within established, high-income neighborhoods and near major regional employers including Tesla, Panasonic Energy, Renown Health, and the University of Nevada, Reno.
The four-story, elevator-served multifamily community will offer a mix of studio, one-, two-, and three-bedroom apartment homes. Interior finishes 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 balcony, patio, and yard options.
Amenities and Community Features
The community's amenity package will include a two-story clubhouse, a two-story fitness center with a dedicated cardio level overlooking the main fitness floor, a golf simulator and putting green, a resort-style heated swimming pool, thoughtfully designed courtyards, electric firepits, grilling areas, coworking focus suites, a resident conference room, billiards and shuffleboard, a pet spa, and a dog park.
Reno Market and Strategic Expansion
"Expanding into Nevada is an exciting milestone for our company as we continue to focus on high-growth, high-demand markets," said Josh Purvis, Managing Partner for Thompson Thrift Residential. "Reno offers a compelling combination of economic strength and lifestyle appeal, and we are excited for Argent Flats to bring a thoughtfully designed living experience to the market."
Reno was recently ranked among the nine best places to live in the Western United States by Travel + Leisure, citing the city's diverse economy, cost of living, amenities, transportation, environment, safety, education, and health. The city also provides proximity to outdoor recreation destinations including Mount Rose and Lake Tahoe.
Thompson Thrift Background
Founded more than 40 years ago, Thompson Thrift has invested more than $7.2 billion into local communities nationwide and is engaged in all aspects of development, construction, leasing, and management of real estate projects. The firm was recognized in the 2026 National Multifamily Housing Council (NMHC) Top Developers and Top Builders lists, as well as Top Workplaces and Inspiring Workplaces awards for 2026.
Securities for the project are offered through North Capital Private Securities, a member of FINRA/SIPC. The firm notes that investments in private offerings are speculative, illiquid, and may result in a complete loss of capital.
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