Griffis Residential has held the first close of Griffis Premium Apartment Fund VII, securing approximately $207 million in capital commitments.
Fund VII continues Griffis Residential’s value-add investment strategy focused on acquiring high-quality multifamily communities in select U.S. markets with favorable demographics, affordability metrics, and improving supply and demand dynamics.
“We are grateful for the continued confidence and support of our investors,” said Ian Griffis, chairman and co-CEO of Griffis Residential. “Our best-in-class operations team has once again protected our partners throughout the current real estate recession. Looking forward, the environment presents an excellent opportunity to acquire class A multifamily assets at severely discounted prices. Fund VII allows us to build on decades of successful real estate investing, through multiple market cycles, while maintaining the consistent and disciplined approach that has guided our invest
