Publications

Griffin Capital secures $23m for Development Partners Fund II
Fundraising - MAY 9, 2023

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Griffin Capital secures $23m for Development Partners Fund II

by Larry Gray

Griffin Capital Co., a vertically integrated real estate investment company based in El Segundo, Calif., has raised approximately $23 million for its Griffin Capital Development Partners Fund II, according to a Form D recently filed with the SEC. The firm is seeking to raise $145 million for the fund.

The Griffin Capital team has engaged in the development of approximately $4.3 billion of real estate with a specific focus on the multifamily sector, where it has a development portfolio of more than 11,200 apartment units.

Griffin Capital Development Partners Fund I invested $29.7 million of equity to develop three multifamily communities located in Atlanta, Dallas, and Monrovia, Calif. The final property was sold, and the fund was liquidated in September 2021. According to a news release by the firm, the fund generated cumulative distributions to investors of $48

Forgot your username or password?