Griffis Residential Income Trust (“GRIT”) Sells Denver Property

Griffis Residential is pleased to announce that Griffis Residential Income Trust (“GRIT”)–an evergreen, perpetual-life fund–has sold Griffis Westminster Center, a 264-unit multifamily community in Denver, Colorado. The property was acquired in October 2021 and sold in December 2024. During the 3.2-year hold period, an enhanced resident experience and a variety of asset management initiatives contributed to a 19% increase in net operating income. Other income at sale was 12% higher than takeover, representing increased capitalized value at disposition.

About Griffis Residential

Griffis Residential, based in Denver, CO, is a vertically integrated multifamily investment firm currently operating a $3.2b portfolio of institutional-quality apartment communities in high-growth innovation hubs. The Griffis Residential management platform includes approximately 275 apartment professionals located in Austin, Denver, Portland, San Diego, Seattle, Silicon Valley, Dallas, Washington D.C., and Los Angeles. 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.