Griffis Sells Griffis Highline Cherry Creek

Griffis Residential is pleased to announce that Griffis Value Added Fund (Fund I) has sold Griffis Highline Cherry Creek, a 216-unit Class-A multifamily community.

Having successfully realized its entire portfolio, Fund I has delivered to its investors a net Multiple-on-Invested Capital (“MOIC”) of 2.86x and an inception-to-date net Internal Rate of Return (“IRR”) of 12.5% over the Fund’s nearly 17-year life.*If you have any questions about this announcement, please email our Capital Markets team at clientservices@griffisresidential.com.

About Griffis Residential

Griffis Residential, based in Denver, CO, is a vertically integrated multifamily investment firm that owns and operates institutional-quality apartment communities in high-growth innovation hubs. In-house management teams include approximately 270 apartment professionals for its assets under management of nearly $3b in Austin, Denver, Los Angeles, Portland, San Diego, and Seattle. Built on the 35+ years of multifamily investment experience of its principals, Griffis Residential has established a leading reputation on its all-weather investment strategy and strong track record of value creation through multiple market cycles.

*Past performance is not indicative of future results.

Nothing presented herein is intended to constitute investment advice, and under no circumstances should any information provided herein be used or considered as an offer to sell or a solicitation of an offer to buy an interest in any investment fund managed by Griffis Residential. Offers and sales will be made only pursuant to a confidential private placement memorandum (the “Memorandum”), which describes the terms and risks of an investment. The Memorandum, including the risk factors and potential conflicts of interest described therein, and other governing documents should be read in their entirety and carefully prior to investment. The information contained herein is qualified in its entirety by reference to such Memorandum.

Information provided reflects Griffis Residential’s views as of a particular time. Such views are subject to change at any point and Griffis Residential shall not be obligated to provide notice of any change. Any forward-looking statements or forecasts are based on assumptions and actual results are expected to vary from any such statements or forecasts. No reliance should be placed on any such statements or forecasts when making any investment decision. While Griffis Residential has used reasonable efforts to obtain information from reliable sources, we make no representations or warranties as to the accuracy, reliability, or completeness of third-party information presented herein.