Acquisitions, portfolio milestones, and company news from Thrive AssetMx. For media inquiries, contact Operations@thriveassetmx.com.
August 2025 · Acquisition
Thrive AssetMx has acquired Thrive on 35th, a 10-unit mixed-use property in Milwaukee combining residential apartments with ground-floor commercial space. The acquisition continues the firm’s strategy of buying under-managed mixed-use assets in Milwaukee neighborhoods where residential demand and small-business demand reinforce each other. Renovations and leasing are handled in-house by Thrive Property MX and Thrive’s own renovation crews.
10 units, mixed-use · Milwaukee, WI
January 2025 · Acquisition
Thrive AssetMx has acquired West Center Apartments and Teutonia Apartments in Milwaukee, adding 25 units to its direct portfolio. Both properties offer modern amenities, spacious layouts, and locations in the heart of Milwaukee, and both are managed by Thrive Property MX. West Center also became home to the Thrive Property MX office at 5718 West Center Street.
25 units added · Milwaukee, WI
July 2024 · Capital event
Thrive AssetMx executed a complete buy, rehab, rent, refinance, repeat cycle on an apartment building, recycling the created equity into the next acquisition. The BRRRR strategy is central to how the firm compounds: buy an under-performing asset, renovate it with in-house crews, lease it at market, refinance against the new value, and redeploy.
Equity recycled into the next acquisition.
April 2024 · Platform
Thrive AssetMx established its own property management company in Milwaukee, bringing leasing, maintenance, and renovation management fully in-house across the Midwest portfolio. The move completed the firm’s vertical integration and is the foundation of the platform’s current operating model. The company now operates as Thrive Property MX.
Vertical integration completed.
November 2023 · Company
Thrive AssetMx added its first two full-time team members, marking the firm’s transition from an investment vehicle to an operating company. The team has since grown to more than 20 people across asset management, finance, operations, maintenance, and renovations.
Now more than 20 employees.
October 2023 · Partnership
Thrive AssetMx became co-general partner on Eleanor Rigby Apartments, a 43-unit multifamily property in Salt Lake City, Utah, expanding the firm’s presence in the Mountain West.
43 units · Salt Lake City, UT
September 2023 · Partnership
Thrive AssetMx became co-general partner on Stoney Creek Apartments, a 278-unit multifamily community in Rapid City, South Dakota — the firm’s largest asset by unit count and a demonstration of its commitment to long-term ownership and operations.
278 units · Rapid City, SD
For interviews, acquisition details, or photography, contact our operations team.
Operations@thriveassetmx.com
951-234-7015
