Griffin Capital Co., a private real estate investment manager, has announced that Griffin Capital DST is fully subscribed after raising more than $37 million of equity. The trust owns The Oaks at Riverbend, a recently developed 299-unit multifamily community located in the upscale Ascension Parish submarket of Baton Rouge, La.
Griffin Capital recently announced the acquisition of two real estate transactions: a purpose-built build-to-rent community consisting of 138 single-family rental homes in Jenks, Okla., purchased for $37.2 million; and a 407-unit multifamily acquisition in Kansas City, Mo., acquired for $113.5 million. Both properties are now available to investors seeking 1031 exchange investment opportunities.
