New Fund V Acquisition - Griffis Mission Valley

Griffis Residential is pleased to announce that Griffis Premium Apartment Fund V (Fund V) has acquired Presidio View Apartments (rebranded Griffis Mission Valley). The transaction is the fifth acquisition for Fund V.

• Units / Year of Construction: 350 / 2007
• Dynamic Location: Direct access to major freeways and light rail connecting to major employment hubs and over 64,000 jobs. Planned development to bring new office, retail, schools, and transit.
• Opportunity: Good and improving location; ancillary income initiatives; unit renovations; and upside through an enhanced resident environment and more effective asset and property management.
• Attractive Financing: Fixed 3.0%, 10-year interest-only loan