Griffin Capital Co. has met its fundraising target, raising $453 million for its Griffin Capital Qualified Opportunity Zone Fund, according to a recent SECÂ Form D filing. The fund sponsor has identified nine multifamily properties for the fund.
Griffin Capital will team with five joint venture partners to develop the nine properties, including: a 475-unit mid-rise apartment community in downtown Los Angeles with Avalon Bay Communities; a 375-unit two-building property in Silver Spring, Md., with Bozzuto; two multifamily developments with Greystar Real Estate Partners (300 units in Austin, where development began in November 2019, and 500 units in Baltimore); three communities with Fairfield Residential (365 units in Austin, 284 units in Houston, where development began in December 2019, and 310 units in Hyattsville, Md., in suburban Washington, D.C.); and, two multifa
