Company News | January 12, 2022
Griffis Residential Acquires 208 Apartment Homes in Seattle, WA
Griffis Residential is pleased to announce that Griffis Premium Apartment Fund V (Fund V) has acquired The Post Apartments (rebranded Griffis Seattle Waterfront). The transaction is the seventh acquisition for Fund V.
- Units / Year of Construction: 208 / 2013
- Dynamic Location: Griffis Seattle Waterfront is located along the 20-acre Seattle waterfront park development. This $750m project is scheduled to complete in 2024 and will transform the Seattle waterfront, which was previously dominated by the elevated Alaskan Viaduct freeway.
- Opportunity: Purchase a class A multifamily asset at a nearly 25% discount to estimated replacement cost. The community is a 16 story high-rise structure built of steel and concrete.
If you are interested in learning about upcoming investment opportunities, please contact Client Services at (303) 268-2121 or email@example.com.
About Griffis Residential
Griffis Residential is a vertically integrated multifamily real estate investment firm that currently owns and manages approximately 7,000 Class-A apartment units valued at over $2.4 billion. Target markets include Denver, Seattle, Austin, Portland, Los Angeles, San Diego, and the San Francisco Bay Area. For more information visit Griffis Residential.com.
|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.