Griffis Residential Completes Fund VI Capital Deployment with Multi-State Four-Property Portfolio

Griffis Residential, a leading owner and operator of apartment communities across major U.S. metropolitan areas, has expanded its presence in the West Coast and Sunbelt regions with the off-market acquisition of a 1,421-unit, four-property multifamily portfolio located in Seattle, WA, Orange County, CA, and Dallas and Frisco, TX. The acquisition reflects Griffis Residential’s disciplined approach to securing high-quality multifamily assets at compelling valuations.

“This acquisition aligns with our strategy to pursue institutional-quality assets in markets with favorable economic and demographic tailwinds. Each community offers strong rental upside, diversified demand drivers, and access to walkable, amenity-rich neighborhoods. Our ability to transact off-market at a significant discount to estimated replacement cost positions us to generate stable cash flow and long-term investor value through disciplined asset-level execution,” said Jim DiRienzo, Senior Vice President of Investments.

The portfolio is supported by long-term, fixed-rate financing at 58% loan-to-value, providing stability amid a shifting interest-rate environment. The acquisition also benefited from Griffis Residential’s proprietary, in-house due diligence and execution capabilities. Capital improvement plans are designed to capture meaningful operational upside, with targeted enhancements expected to generate monthly rent premiums across all assets.

Griffis Residential acquired this portfolio through Griffis Premium Apartment Fund VI (Fund VI).  With this transaction, Fund VI owns a seven-property portfolio with assets in Seattle, Silicon Valley, Anaheim, Denver (two properties), and Dallas (two properties). Having committed 95% of Fund VI’s $527 million in capital, Griffis Residential is preparing to launch Fund VII and now owns and manages 9,463 units with approximately $3.6 billion in assets under management across twelve markets.

About Griffis Residential

Griffis Residential, based in Denver, CO, is a vertically integrated multifamily investment firm currently operating a ~$3.6b portfolio of institutional-quality apartment communities in high-growth innovation hubs. The Griffis Residential management platform includes nearly 300 apartment professionals located in Austin, Denver, Portland, San Diego, Orange County, Seattle, Silicon Valley, Dallas, Frisco, Washington D.C., Los Angeles, and West Palm Beach. Built on over 35 years of multifamily investment experience, Griffis Residential has established a leading reputation for its all-weather investment strategy and strong track record of value creation through multiple market cycles. For more information visit GriffisResidential.com.