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Griffin Capital sells last property, liquidates fund
Real Estate - SEPTEMBER 10, 2021

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Griffin Capital sells last property, liquidates fund

by Released

Griffin Capital Co. has successfully sold the last remaining property in the Griffin Capital Development Partners Fund I.

“We are very pleased with the results we were able to achieve for our investors,” said Eric Kaplan, president of Griffin Capital Private Equity. “This successful outcome provides further support of our ongoing conviction that: (i) multifamily is a resilient asset class that performs well in varying economic environments; (ii) demand for rental housing is supported by strong secular trends; (iii) investment in markets with strong job and population growth drives demand for high-quality rental housing; and (iv) partnerships with institutional developers with deep experience and a substantial track record increases the probability of a superior investor outcome.”

Griffin Capital Development Partners Fund I invested $29.7 million of equity to develop three multifamily communities located in Dallas; Monrovia, Calif.; and Atlanta. The Dallas prope

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