Griffis Residential has completed fundraising for its fifth apartment fund, Griffis Premium Apartment Fund V. The fund collected $512.5 million in equity commitments from 30 investors, with $80 million of that coming in the final close.
Griffis is a multifamily real estate investment company that owns and manages approximately 8,000 apartment units in California, Colorado, Texas, Oregon and Washington state.
Launched in February 2019, the Griffis Premium Apartment Fund V was targeting $425 million in commitments. The fund saw strong re-up activity from existing investors and added five new institutional investors.
The previous fund in the series, Griffis Premium Apartment Fund IV, held a final close in October 2017 with $407 million in capital commitments.
