Griffin Capital Co. has raised $135 million for its Griffin Capital Qualified Opportunity Zone Fund II, according to a recent SEC Form D filing. The fund sponsor is seeking to raise $180 million of equity. To date, more than 300 investors have invested in the Regulation D private placement offering.
In April, Griffin Capital announced the acquisition of its 10th land acquisition in a qualified opportunity zone. Located in Silver Spring, Md., the land will be the site of a 375-unit, mid-rise apartment community. Griffin Capital will develop the property in partnership with The Bozzuto Group, a Maryland-based real estate developer and property manager that specializes in multifamily, and StonebridgeCarras.
Griffin Capital currently has 13 multifamily properties in various stages of acquisition and development, each of which is located in a qualified opportunity zone. In addition to The Bozzuto Group and StonebridgeCarras, Griffin Capital has partnered with several other
