Paul Thrift of Thompson Thrift on Housing Shortages and Development Costs

In this episode of Indiana 250 Off the Record, host Nate Feltman talks with Paul Thrift, CEO of Thompson Thrift Development and co-founder of Thompson Thrift. Thrift traces the company’s path from a $3,000 Terre Haute house he bought with John Thompson into a national real estate firm with more than $7 billion in ground-up development, 650 employees and projects in 24 states. He discusses early student housing projects near Indiana State University, the firm’s work in downtown Terre Haute and Fishers District, and why he believes Indiana and the nation still face a structural housing shortage. Thrift also reflects on TT Serve, servant leadership, his 40-year partnership with Thompson and the advice he gives aspiring leaders: do not wait until you feel ready to get involved.