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